Real estate news, South Fork-style.
Business
Recorded Deeds 04.06.23Apr 6, 2023
A Farrell purchase in Bridgehampton for over $24 million leads off the real estate report this week.
Top Dollar for East Hampton’s Hottest Corner“It’s a record price per square foot for any commercial real estate transaction in the Hamptons, ever,” said Jeremey Tahari of Tahari Capital, whose father, Elie Tahari, sold the building at 1 Main Street in East Hampton for $22 million to Bernard Arnault, named by Forbes last week as the world’s richest person.
East Hampton Star Reporter Wins Top HonorsChristopher Gangemi, a reporter who joined the staff of The East Hampton Star in December 2021 as a newcomer to journalism, won the New York Press Association’s Rookie of the Year award at its Better Newspaper convention last weekend. The Star was also recognized for its news and feature writing and for its East magazine.
Bad Luck Leads to a Good DeedWhen a water line break in East Hampton Village flooded several businesses a month ago, Gubbins Running Ahead, a sporting goods shop on Park Place, lost all of its inventory, including 7,000 pairs of athletic footwear. Last week, Geary Gubbins, who has run the sporting goods shop since 2013, parlayed his business’s misfortune into an act of generosity for a local nonprofit.
High-End Home Sales StagnatingIn East Hampton Town’s villages and hamlets, yes, sales are down, but it’s because the inventory of available properties is at a historic low, brokers here are saying. "Our prices have not dropped off a cliff — we just don’t have any houses to sell.”
Carissa’s Lot Merger Hits a ‘Sanitary Flow Dam’Don’t call it an expansion, but Carissa’s Bakery at 221 Pantigo Road in East Hampton needs a little more elbow room — and parking.