Bistrians Say Amagansett Farm Preservation Is In Jeopardy, Will Press For Development - 27 East

Real Estate News

Real Estate News / 1404285

Bistrians Say Amagansett Farm Preservation Is In Jeopardy, Will Press For Development

icon 3 Photos

DCIM100MEDIADJI_0093.JPG

DCIM100MEDIADJI_0094.JPG

DCIM100MEDIADJI_0087.JPG

author on Dec 20, 2016

The Bistrian family says that negotiations with East Hampton Town officials for the preservation of a large tract of Amagansett farmland have again reached an impasse, and that the family is going to begin pursuing development plans.

Bonnie Krupinski, one of four siblings in the eldest generation of the family, said by email last week that the family is “evaluating a number of options,” as to how it will proceed now that, she said, the negotiations for preservation appear to have ground to a halt.

In a message earlier in the week, Ms. Krupinski said that the town’s latest offer had been $22 million for the development rights of all 30 acres—an amount that she said was some $10.5 million below what the family’s appraiser had determined the development rights are worth.

“It has always been our desire to maintain this as farmland and undeveloped, as it has been for the past 50 years under family ownership, similar to what we have done with other farmland we have owned,” Ms. Krupinski said in an email on Thursday, December 15. “However, the vast disparity in the offered price and appraised price is far too great.”

The town, as per policy, has not made public its own independent appraisals. If it were to use Community Preservation Fund money to purchase the property, as would be expected, the town is obliged to pay no more than roughly what its appraisers say the land or the development rights are worth.

Supervisor Larry Cantwell confirmed this week that the town had, indeed, made an offer for the purchase of development rights from the land about two weeks ago. The town, he said, had ordered two independent appraisals of the Bistrians’ land and that both were “far from what the family feels the land is worth.”

He said that he is hopeful the land can still be preserved, but the disparity in the positions of the two sides does not cast a lot of hope for that outcome.

“My preference would be that it is preserved and protected from development,” Mr. Cantwell said. “With that goal in mind, you never walk away. But given the difference in value between what the town believes and what the family believes, it’s hard to be encouraged.”

The first course of action for the family would, presumably, have to be to press forward with threatened legal action seeking to compel the town to create a road access to the property, which is landlocked except where it borders the main municipal parking lot in the hamlet.

In a letter to the Town Board in August, an attorney representing the Bistrians said that part of the agreement by which the family effectively gifted the 2 acres of land that became the municipal parking lot was the creation of a roadway that snaked through the property, with an outlet onto Windmill Lane, which borders the western edge of the farm field.

Mr. Cantwell, however, reiterated doubts raised by town officials earlier this year that the land where the Bistrians say the road should cut between private homes on Windmill Lane is usable for such a purpose.

“They’re going to have to prove,” the supervisor said, “that they have the rights they think they have.”

You May Also Like:

Southampton Town Board Hears Report on Tax Assessment Status

Though no action is imminent, the Southampton Town Board heard an update on a potential ... 24 Apr 2024 by Christopher Walsh

REI Presents ‘Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?’ on May 3

The Real Estate Institute at Stony Brook University College of Business will present its spring luncheon, titled “Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?” on Friday, May 3, at the Hilton Garden Inn on the Stony Brook University campus. The discussion on Long Island’s zoning policies and their potential impact on the region’s housing crisis will include panelists Gwen O’Shea, the president and CEO of Community Development Corp. of Long Island; Michael Florio, the CEO of Long Island Builders Institute; and Stephen Romalewski, a professor at CUNY Graduate Center. David Pennetta, the executive managing director ... by Staff Writer

Tips for Avoiding Rental Scams

Rental scams are pervasive, targeting both those seeking permanent housing and those seeking a quick getaway or seasonal lease. To help prospective tenants avoid falling prey to scams, the New York Department of State’s Division of Consumer Protection is calling attention to common rental scams. The main takeaway is this: Avoid sending money for rental properties without first verifying the legitimacy of the listing. In 2023, the FBI received 9,521 real estate/rental scam related complaints with losses of over $145 million. “In today’s highly competitive housing market, renters are often targeted by scammers who use enticing offers to steal their ... by Staff Writer

Agency News: Alexis Meadows Joins Michael Lorber Team at Douglas Elliman

Alexis Meadows has joined the Michael Lorber Team, a top-ranking real estate team at Douglas ... 22 Apr 2024 by Staff Writer

Waterview Water Mill Shingle-Style Homes Sells for $11.38 Million

A Water Mill home with a view of Burnett Creek and a dock for access ... 17 Apr 2024 by Staff Writer

Sagaponack New Construction Designed by McDonough & Conroy Sells for $6 Million

A new 8,000-square-foot home in Sagaponack has sold for $6 million preconstruction. On 3.13 acres ... 9 Apr 2024 by Staff Writer

New Book Shows Long Island’s Past With Glimpses of Future

“Making Long Island: A History of Growth and the American Dream,” by Lawrence R. Samuel ... 5 Apr 2024 by Joseph Finora

Good Things Come in Small Packages

While large houses offer more space to spread out in, a new home in East ... 3 Apr 2024 by Brendan J. O’Reilly

Culloden Point Waterfront Home Sells for $12.5 Million

On Montauk’s Culloden Point and fronting Fort Pond Bay, the home at 8 Captain Balfour ... by Staff Writer

Sands Motel in Montauk Sells to Hospitality Group

Montauk’s Sands Motel at 71 South Emerson Avenue has sold to a prominent hospitality group, ... 29 Mar 2024 by Staff Writer