Amagansett boutique with upstairs apartment lists for $12M

19th-century home of Tiina the Store was renovated in 2018

Tri-State /
Mar.March 02, 2022 03:39 PM

Sotheby’s broker Rylan Jacka (Sotheby’s International Realty)

If you’re looking to open a high-end boutique in the Hamptons — and need a place to live — this listing is for you.

The property at 216 Main Street in Amagansett, home of designer clothing retailer Tiina the Store, has been listed for $12 million, Behind the Hedges reported. In addition to ground-floor retail space on Montauk Highway, the property comes with a second-floor apartment.

The original structure, which dates to the 1800s, was rebuilt in 2018 by store owner Tiina Laakonen and her husband, Jon Rosen, with its historical facade restored.

According to Behind the Hedges, Laakkonen would consider leasing back the 0.31-acre property after selling. Rylan Jacka of Sotheby’s International Realty has the listing.

Jacka touted the property as Amagansett’s “most prominent building with the best curb appeal, built to the highest standard — ideal for an art gallery or retail space.”

The property is zoned for both residential and retail use under an irrevocable special permit, meaning the retail space is larger than what town code allows for today. The ground floor includes 2,500 square feet of retail space, while a lower level adds another 2,000 square feet.

The two-bedroom apartment on the second floor spans 1,400 square feet and has its own private entrance. There is also a 300-square-foot office, also with its own entrance, as well as eight off-street parking spots.

According to the New York Times, Laakonen opened Tiina the Store in 2012. The property’s year-long renovation in 2018 forced her to temporarily relocate.

The listing price for the relatively small property could create some sticker shock, especially in comparison to a movie theater in Westhampton Beach, approximately twice its size, which listed for $1.1 million last month. The movie theater doesn’t come with an apartment, but it’s possible there are some popcorn kernels hidden somewhere.

[Behind the Hedges] — Holden Walter-Warner





    Related Articles

    arrow_forward_ios
    Marcus & Millichap Associate David Ferber in front of part of the 30-building, 319-unit portfolio concentrated in Jersey City (Marcus and Millichap, iStock)
    Hot rental market boosts NJ multifamily despite rate hikes
    Hot rental market boosts NJ multifamily despite rate hikes
    A photo illustration of the Ram's Head Inn at 107 South Ram Island Drive in Shelter Island Heights (LoopNet, iStock)
    On the dock-et: Shelter Island inn owner sues town
    On the dock-et: Shelter Island inn owner sues town
    Rubenstein Partners' David Rubenstein and Warren Corporate Center (Rubenstein Partners, iStock)
    Tri-state deal roundup: King Kullen loses ground, former Modell’s replacements
    Tri-state deal roundup: King Kullen loses ground, former Modell’s replacements
    Julia Koch and 840 Meadow Lane in Southampton (Getty Images, Tim Davis/Corcoran)
    Julia Koch revealed as buyer of dated $70M Southampton estate
    Julia Koch revealed as buyer of dated $70M Southampton estate
    Friends of Bay Street Chairman Adam Potter and rendering of new affordable housing and commercial space (LinkedIn, BHC Architects, Illustration by Kevin Cifuentes for The Real Deal)
    Affordable housing project proposed for Sag Harbor
    Affordable housing project proposed for Sag Harbor
    Sophocles Zoullas and 275 Ox Pasture Road in Southampton (Getty Images, Harald Grant Real Estate, iStock)
    ‘Tenacre’ estate is only 3 acres, but lists for $25M
    ‘Tenacre’ estate is only 3 acres, but lists for $25M
    Pyramid Management Group's Stephen Congel and Crossgates Commons in Albany (Pyramid Management Group)
    Pyramid lands refi to keep shopping center afloat
    Pyramid lands refi to keep shopping center afloat
    Woodbury Common Premium Outlets in Central Valley, NY with Simon Property Group CEO David Simon (Simon Property Group)
    Simon to add 160K sf, hotels to Woodbury Common
    Simon to add 160K sf, hotels to Woodbury Common
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...