The Real Deal Tristate

Squarespace CEO pays $42M for Montauk development sites, power brokers tee up deals & more Hamptons real estate news

By TRD staff | August 02, 2019 06:00PM

Clockwise from left: Kyrie Irving (left) and Kevin Durant, Gosman’s Dock in Montauk, an illustration of New York's toniest golf clubs (Credit: Andrej Isakovic/AFP/Getty Images, illustration by Christiane Engel)

Clockwise from left: Kyrie Irving (left) and Kevin Durant, Gosman’s Dock in Montauk, an illustration of New York’s toniest golf clubs (Credit: Andrej Isakovic/AFP/Getty Images, illustration by Christiane Engel)

Love child fights half-siblings for one of the Hamptons’ premiere properties

The pre-teen love child of the late New York media titan Bruce Wasserstein says her half siblings are trying to cheat her on the value of a Hamptons compound, according to the New York Post. Sky Wasserstein’s mother Erin McCarthy insists that the 27.6-acre Cranberry Dune property in East Hampton is worth $160 million. The trustees overseeing the estate say the property, which includes a 24,000-square-foot home, is worth $120 million. Sky, who has a $75 million inheritance, lives with McCarthy on Central Park West. McCarthy claims Wasserstein’s five other children agreed to give Sky her share of the value of his properties — which include homes in London, Paris and Santa Barbara — if she agreed to never visit the homes. Wasserstein left behind a widow, two ex-wives, a mistress and a $2.3 billion estate when he died in 2009. [NYP]

 

Tech founder stitches together $42M resi assemblage in Montauk

The tech entrepreneur who brought website building to the masses is doing some site building of his own. Squarespace CEO Anthony Casalena quietly cobbled together three sites in Montauk over the course of a year for $42 million, the Wall Street Journal reported. Casalena used three LLCs to close the deals, which constitute the second-biggest residential purchase on record in the seaside community. The oceanfront properties collectively span over six acres and include two homes and a guest house. Casalena stealthily bought the first property from financier Michael Goodwin in a $22.8 million off-market deal, then approached his neighbor Michael Hirtenstein for the adjacent two sites. Robert Dankner of Prime Manhattan Residential repped Casalena. The biggest resi deal in Montauk history is the nearly $50 million deal for the former estate of Andy Warhol. The buyer in that deal was gallery owner Adam Lindemann. [WSJ]

 

New York’s real estate royalty are teeing up deals in the Hamptons

New York’s real estate power brokers aren’t sweating it out in Manhattan right now — they’re working out deals on the green. In The Real Deal’s August issue, senior reporter E.B. Solomont examined checked in on which golf courses are favored by industry players. At some clubs, membership can be as steep as $1 million a year, not including dues. Top locales include the Bridge (where you might run into Ziel Feldman and Marty Burger); the East Hampton Golf Club (Ziel Feldman, Jon Mechanic Doug Harmon swing there), Atlantic Golf Club (Stephen Schwarzman, Jonathan Tish, Harry Macklowe, Richard LeFrak and Pam Liebman play the course, per sources); Sebonack Golf Club (Steve Witkoff, Stephen Ross and Barry Sternlicht are members); Friar’s Head (Tony Malkin, Steve Pozycki, Michael Rudin, Ed Minskoff) and blue-blooded Maidstone Club (Arthur Zeckendorf). [TRD]

 

Private equity firm scoops up hot wedding venue in Amagansett for $6M

A private equity company best known for developing a large mixed-use project in Las Vegas made its first hospitality deal, a top wedding venue in the Hamptons. California-based WTI Inc., picked up the Gansett Green Manor in Amagansett for $6.17 million. The boutique hotel includes a house, cottages and converted barns, according to Long Island business news. WTI owns large housing developments across the country, including a 47-acre development project in Las Vegas. The property, run by Leslie and Jed Feldman, had been family-owned since 1993, and was listed in November at $6.9 million. The venue can hold weddings for up to 250 guests. Some of the buildings on the property, including the main Captain’s Quarters, date back to the 1700s. Lisa Ferraro and Dana Forbes of Daniel Gale Sotheby’s International Realty had the listing. [LIBN]

 

Montauk’s Gosman’s Dock may soon be off the block

Gosman’s Dock in Montauk, a 14-acre property that includes restaurant and retail space, may finally be changing hands. It hit the market three years ago, seeking $52.5 million, and it appears that the transfer control to Merkourious “Mike” Angeliades, owner of Long Island City-based construction firm M.A. Angeliades, is nearly complete.
The package includes all of the Gosman family’s commercial properties in Montauk, including their namesake seafood restaurant and other buildings that ring the harbor side of the summer resort hamlet. The Gosman family has already sold two of its hotel properties to entities connected to Angeliades, who pleaded guilty in 2010 to underpaying workers at several of his company’s projects in New York City. As for Gosman’s Dock, a fulcrum of the East End’s large commercial fishing industry, the Gosman family has owned the roughly 700-seat restaurant and its surrounding properties in the area since the 1950s. [TRD]

 

NBA superstars go house-hunting

Kevin Durant and Kyrie Irving made the move to the Brooklyn Nets, and with a new team comes a new home to hang their hightops. Durant unloaded his Malibu beach house for $12.2 million in June two months after listing the property for $13.5 million. He is recovering from a ruptured Achilles tendon suffered during the NBA Finals, and might consider coming back to the East End of Long Island. It was reported last week that Durant could have his eye on returning to the Hamptons, where he paid $100,000 in the summer of 2016 for a 10-day rental at 189 Further Lane in East Hampton. As for Irving, who grew up in West Orange, New Jersey, he just bought a home there, though details on it remain scarce. [TRD]