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Hamptons Life

Jan 12, 2015 4:53 PMPublication: The East Hampton Press & The Southampton Press

Taps, On North Sea Road, Is On The Market

Editor's Note: Have a real estate tip? SHARE IT WITH OUR REAL ESTATE TEAM!
Jan 14, 2015 2:08 PM

Less than two years after reopening, a popular Southampton watering hole is on the market.

A long-term lease for Taps, at 1271 North Sea Road, is listed with Corcoran for $525,000 in what is called a “key money” arrangement, in which a new restaurateur will pay that sum to take over the remaining 19 years of the 20-year, “low-rent” lease.

Formerly North Sea Tavern—and Regulars, OutEast Cafe and Tugboat’s North Sea House—the restaurant/bar has 42 seats in the bar area and 61 seats in the restaurant, front and rear parking lots, and an apartment above the restaurant. There is 1,400 square feet of interior and 1,100 square feet of outdoor patio space.

The restaurant’s owner, Rich Decker, took the space over in 2011, when the last incarnation had been OutEast, and he reopened it as North Sea Tavern, which had been its original name.

A longtime resident of the East End who also owns Studio 89, a fitness studio in Sag Harbor, Mr. Decker revamped the restaurant, including doubling the size of the bar. It reopened as Taps last April and has been offering popular pub fare and a wealth of draft and bottled beers, as well as mixed drinks.

Will a new favorite restaurant fill Taps’s shoes? More importantly, will it survive?

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OUCH, that's gotta smart.
By bigfresh (4590), north sea on Jan 12, 15 5:32 PM
Geez, no one will buy the place now that they all know it's cursed!
By fishcove (39), southampton on Jan 12, 15 8:53 PM
Oh how apropos. I can hear the bugle. Could be a great place with better fanfare & food. And owner(s). It's not cursed. Just mismanaged. IMHO
By foodwhiner (148), Southampton on Jan 13, 15 9:28 AM
that's because when something went wrong, the owner of Regulars never paid his bills. And he hid from a lot of "issues", so now he can't get plumbers, HVAC, or even food deliveries. It's a shame, cause that was great when it was Regulars. Haven't been there since it changed over.
By LovedHerTown (132), southampton on Jan 13, 15 2:04 PM
A half million in key money for a place with "failure" written all over it? If this guy Decker thinks that's in any way reasonable, it's no wonder he's out of business.
By VOS (1230), WHB on Jan 14, 15 2:14 AM
It was still Studley's Chalet in the sixties.
By Hamptonsseashell (359), on Jan 20, 15 10:44 PM
1 member liked this comment
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