Commercial Real Estate

Vault Development Partners, a boutique real estate investment company, officially purchased the Water Mill property last week.

While residential real estate has slowed from the feverish pace of the COVID-19 pandemic, commercial sales in the Hamptons have been making headlines in recent weeks. 

Blue Flag Partners, a company that owns several leading accommodations on the East Coast and recently purchased a boutique hotel on the North Fork, now has secured foothold in Montauk.

A new Hampton Bays eatery named Barona Bay opened in Salvatore’s former location on Montauk Highway in mid-March.

East Hampton’s iconic Maidstone Hotel was sold in an off-market deal, facilitated by the Cerio Natter Team at Brown Harris Stevens, this week.

The 8,700-square-foot building situated prominently on a Southampton Village corner is asking $7.9 million or $400,000 a year for the lease.

The new owners of the former Boardy Barn in Hampton Bays are reopening and bringing back another experience, Saturday nights at the Drift Inn.

An East Hampton building that Elie Tahari has owned since 2006, was purhcased by Bernard Arnault of LVMH, the luxury goods company.

“Everybody is so excited they are opened,” a customer exclaimed as came through the doors of the new Schmidt’s Country Market in Quogue, already bustling with hungry patrons just hours after opening Friday.

The Gosman’s real estate portfolio in Montauk, a family-owned business since 1943, is once again on the market.