Going, going, gone? A previous attempt to say that about Gosman’s Dock came up short, but the fish market and other family holdings are back up for sale.
Gosman’s Portfolio, as it has been dubbed, is being listed with a pricing guidance of $45 million, Marcus & Millichap announced. The nine-property portfolio in Montauk spans 48,000 square feet across nearly 12 acres.
The included assets run the gamut and have all in the Gosman family portfolio for about three-quarters of a century. There are six retail stores, four restaurants, four staff housing properties, a lobster and fish market, a two-plus parking lot and two parcels of vacant land.
The largest among the properties is Gosman’s Dock, a marina and shopping complex spanning 26,000 square feet. That property at 484 West Lake Drive features three restaurants and six retail outlets across six buildings. Gosman’s Seafood Restaurant at 500 West Lake Drive encompasses 13,000 square feet.
The portfolio includes 600 feet of waterfront views and is zoned for waterfront, resort and central business use. Marcus & Millichap’s Henri Kessler and Michael Tuccillo are representing the Gosman family.
The family is well-known on the East End and Gosman’s Dock is an icon in the area. Nevertheless, the long-time owners have been trying to sell its portfolio for years.
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In 2019, an agreement was nearly finalized to transfer Gosman’s Dock to Merkourious “Mike” Angeliades, owner of Long Island City-based construction firm M.A. Angeliades. The deal never became official, however, even though Angeiades did acquire two hotel properties from the Gosmans. One family member referred to the pending deal as a “very complicated situation.”
The Gosmans in 2016 listed their chunk of downtown — then closer to 14 acres — for $52.5 million. At the time, the broker marketing the property noted its potential as a development site for a high-end or moderate resort campus.