As we countdown to 2024, we’re taking a look back at some of last year’s biggest stories. The most read articles online this year prove once again that the biggest sales don’t necessarily get readers’ attention. Commercial real estate sales, especially in Montauk, continue to be popular with our readers. As we enter a new year, let’s first look back on this year. Here are the most read articles in Hamptons real estate in 2023.
1) Michael Rubin’s $50 million Hampton House was the setting for a star-studded Fourth of July bash
What goes on behind the hedges really makes the news. Behind the hedges.
To celebrate the Fourth of July holiday, some of the biggest names in entertainment and sports gathered for a lavish party at Fanatics mogul Michael Rubin’s Bridgehampton home. It was the most talked about article of the year.
Rubin hosts his annual “White Party” at his $50 million oceanfront home, where guests include Jay-Z, Beyoncé, Jennifer Lopez, Ben Affleck, Tom Brady, Leonardo DiCaprio, Kim Kardashian, Kendall Jenner, DJ Khaled, Kevin Hart. Entertainer Usher, Ne-Yo and Jack Harlow performed in front of his more than 350 guests. Usher even wished Hart, who is about to turn 44, “Happy Birthday.”
2) Hamptons’ cramped ‘summer house’ after illegal bedroom discovered
summer House, the show about a group of friends spending the summer together in the Hamptons, premiered season 7 on Bravo in February, revealing a major twist in their summer plans. The discovery of illegal bedrooms led to a reduction in space. Days before filming began at Watermill House for the 2022 summer season, Southampton city officials discovered there were more bedrooms than expected. “The Hamptons: Also known for old money and old laws,” one castmate, Kyle Cook, says in a voiceover, looking around at the same $5 million home that is his summer residence with his wife, Amanda Batula. He said this while saying: This is what I used last season. “Our house just happens to be zoned for five bedrooms instead of nine,” Ryan J. Murphy, the city’s code compliance and emergency management manager, told the inside story. Behind the hedge — And of course it has nothing to do with Hampton’s old law.
3) World’s richest man buys Elie Tahari’s East Hampton Building
An East Hampton building long owned by designer Elie Tahari and her son Jeremy Tahari has been sold for $22 million, real estate firm Cushman & Wakefield announced in April. The property at 1 Main Street, on the corner of Newtown Lane, was purchased by billionaire French businessman Bernard Arnault. Forbes, He is the world’s richest man and the chairman and CEO of the French conglomerate LVMH Moët Hennessy Louis Vuitton. He opened a Louis Vuitton store there this summer. Previously occupied by Cartier.
4) Will Bodie Byrne make a comeback in time for summer? Some kind of
In April, the story went viral when the new owners of Hampton Bays’ legendary Bodhi Barn property, which was sold last year, announced they were reopening the space. Bodie Barn, which has been closed since the pandemic, was sold for $4 million in 2021 after one of its owners died. Since then, Bodeburn fans have been nostalgic for summer Sundays. However, in a post on Barstool Sports’ Instagram page, it was announced that not only the Bodhi Burn, but longtime summer favorite spot Drift Inn Saturday nights will be returning with an all-new name and new owners. When that happened, things changed.
5) Gosman’s Dock in Montauk listed for $45 million
Mr. Gosman’s real estate portfolio in Montauk, some of the most prime commercial real estate in the Hamptons and family-owned since 1943, went back on the market in March. The portfolio, sometimes simply referred to as Gosman’s Dock, consists of his nine 11.6-acre properties in Montauk Harbor. There will be four restaurants, six retail stores, a wholesale lobster and fish business, four employee housing units, and a dock and marina for a total of 48,145 square feet. There is also a large parking lot and open space. Marcus & Millichap, a commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, is exclusively publicly traded for $45 million.
6) Famous East Hampton hotel and restaurant sold.
The iconic Maidstone Hotel property was sold for $12,525,000 in an off-market deal in April after 10 months of negotiations. Brown Harris Stevens’ Cerio Natter team. Jonathan Solomon, principal broker of Manhattan-based Luxury New York Group LLC, represented the seller in facilitating the transaction. The buyers of the inn and restaurant are Irwin D. Simon, chairman and CEO of Tilray Brands, who recently acquired Montauk Brewing and is a partner in the Lobster Roll Restaurant; Mayank Dwivedi is a hotelier and restaurateur.
7) Prime Montauk restaurant location quietly sold
The former oceanfront hotspot in downtown Montauk quietly changed hands in late 2022. Through a Suffolk County deed, 148 South Emerson Avenue Extension, best known as the Sloppy Tuna and Nick’s on the Beach nightclubs, will be sold for $9.25 million on November 8, 2022. This was revealed in March. Chris Coleman of Compass represented both sides in the transaction for his 5,284-square-foot property located on a 0.13-acre waterfront parcel in downtown Montauk.
8) Final image: Bernie Madoff’s Montauk mansion sold and closed.
The disgraced financier’s former Montauk mansion was sold for $14 million earlier this year, and it rightly attracted attention when the exact amount was revealed in the Suffolk County deeds. His old bungalow at 216 Montauk Highway, his style home, was seized by the federal government after Madoff’s arrest in December 2008 and subsequent compensation to victims of his massive pyramid scheme. was sold for. Stephen Ross, real estate investor and founder of Vornado Realty Trust, New York City’s largest commercial landlord, and his wife, theater producer Darryl Ross, have formed a limited liability company called Froggy Dunes. It was sold and I bought this property on March 20th. Real Estate and Tim Davis of The Corcoran Group had joint monopoly. The Rosses bought the property in 2009 for $9.41 million, which was $660,000 more than the asking price at the time. The proceeds were donated to the Victim Compensation Fund to provide some relief to the 24,000 people who lost money to Madoff’s fraud.
9) Hamptons oceanfront compound sold for $91.5 million
In March, Hedges reported the sale of an oceanfront compound in East Hampton for $91.5 million in an off-market transaction in January 2023. This deal remains the most famous deal of the year, raising more than double the amount it sold for in just three years a few years ago. The 6.7-acre property, located at the end of a private road off famous Father Lane, was last sold for $45 million in April 2020, at the time the largest sale in the Hamptons since 2016.
10) Montauk Yacht Club Achievements its return
The iconic Montauk Yacht Club officially returned over Memorial Day weekend. Safe Harbor Marinas, which owns and operates the world’s largest boat network, acquired the former Gurney’s Star Island Resort & Marina in July 2022, completing “nine months of investment and preparation.” That’s what the statement says. It’s no wonder the club, founded on Star Island in 1928 by Karl Fischer, who developed much of Montauk, attracted so much attention. Fisher’s 60-foot-tall Montauk Lighthouse replica remains on the Lake Montauk property, with 107 guest rooms and villas, three pools, two restaurants, indoor and outdoor bars, tennis and pickle. It features ball courts, a private beach, and over 200 boat launches. .