After abandoning a partial sale in March, this long-running North Fork vineyard is hoping to attract a wine aficionado with deep pockets.
The 84-acre Castello di Borghese Vineyard in Cutchogue, the first winery on Long Island, is for sale for $6.5 million, Newsday reported.
Owner Giovanni Borghese originally placed a 60-acre portion of the vineyard on the market for $3.7 million in January, but pulled the listing two months later, reasoning that it was best not to break apart the property.
“I think it’s important to the farm’s historic significance — it being the first vineyard on Long Island — that this is the way it should be taken to its 50th year,” Borghese told Newsday, referring to its upcoming semi-centennial in 2023.
The listing includes the property’s tasting room, a household dating back to the 1680s, winemaking facilities and detached barns from the 19th century.
Read more
Tri-State
A-Rod rents Bridgehampton home, stone’s throw from J-Lo’s
Commercial
Tri-State
Harbor Group, Cammeby’s team up on $1B NJ apartment buy
The new owner can grow more than just grapes, Borghese told the publication, and interest has been bubbling since January, listing agent Joseph DiVello of Century 21/Albertson Realty added.
“There’s never been a higher demand for farmland on the North Fork than right now, and there aren’t many viable farms left,” DiVello said.
[Newsday] — Cordilia James