The Real Deal New York

Hamptons Cheat Sheet: J. Crew boss re-lists beachfront Wainscott abode for $21.5M, De Niro wins approval to tear down Montauk home … & more

By Jamie Klatell | November 07, 2017 05:40PM

The Hamptons Cheat Sheet

Clockwise from top left: Mickey Drexler’s Wainscott home, Robert De Niro, Southampton’s soon-to-be renovated ‘Mocomanto’ and Aman Developers’ “smart haus.”

J. Crew boss re-lists Wainscott home for $21.5M
Mickey Drexler, the chairman of J. Crew, is selling his latest Hamptons home for $21.5 million. The two-acre plot at 120 Beach Lane in Wainscott boasts a 3,500-square-foot home and 315 feet of Atlantic beachfront. Drexler, who paid $17 million for the property, had originally listed it for $26.6 million and took it off the market after a $4 million dollar price reduction failed to lure a buyer, 27 East reported. Drexler has a history of flipping East End real estate. He once owned Andy Warhol’s former Montauk estate, selling the nearly six-acre property in 2015 for $50 million. [27 East]

Town board considers historic district for downtown Bridgehampton
Southampton Supervisor Jay Schneiderman wants downtown Bridgehampton to be listed on New York’s State Register of Historic Places, and the town board is considering the request. If added to the register, buildings in the area would face some restrictions on renovations and additions, but Schneiderman told 27 East that the hamlet could lose its “historic touch” without protection. Parts of Quogue, Sag Harbor, Sagaponack and Southampton villages are already designated as historic districts. [27 East]

De Niro wins approval to tear down Montauk home
The East Hampton Town Zoning Board of Appeals approved Robert De Niro’s plan to tear down his Old Montauk Highway home and build a new residence on the property. The legendary actor submitted plans in September for a slightly smaller structure on his seaside plot, but needed variances from the board to build closer to the bluff than town code allows, the East Hampton Star reported. De Niro’s current house, which was built in the 1950s and predates zoning regulations, has cracks in the foundation and needs a new septic system. [East Hampton Star]

Southampton’s ‘Mocomanto’ snags special permit for controversial renovation
The Southampton Village Zoning Board ruled that owner Ken Fox can renovate his historic home on 472 First Neck Lane despite concerns about potential environmental impacts. The 1800s-era house, which has been called the “Jewel of Southampton Village,” sits on the waterfront of Lake Agawam. Fox purchased the property, named “Mocomanto,” in 2012 for $10.7 million and is planning a large addition to the home as a part of the renovation. [Curbed]

Bridgehampton firm promises to unload homes in 28 weeks
Bridgehampton-based Aman Developers has won approval to build its first “smart haus.” Owners Punit Chugh and Anjali Gupta will build a new office space off of Montauk Highway to showcase new homebuilding methods that offer energy efficiency, rapid construction and fixed costs. Partnering with Germany-based residential developer Davinci Haus, Aman promises that the firm can build homes in 28 weeks for $350 per square foot — without any contingency costs. [East Hampton Star]