Feb 21, 2012 3:48 PM
East Hampton Town is trying to sell its seven office condominiums in this Pantigo Place building. KYRIL BROMLEY
Discord arose among East Hampton Town Board members this week over a bid to purchase town-owned offices at 300 Pantigo Place.
The town has received a bid to buy four of seven office units in the building for $1.2 million—or $300,000 apiece—on the condition that the seller would lease the space back to the town for free for one year. The bid amount came in far below what town officials expected after setting a minimum of $3 million for the seven units last year. An appraisal of the property at that time came in at $4.4 million, according to Councilwoman Theresa Quigley.
The office complex currently houses the town’s Planning Department, Building Department, Natural Resources Department, Ordinance Enforcement Department, Planning Board office, fire marshal’s office, assessor’s office, tax receiver’s office and information... more
The town has received a bid to buy four of seven office units in the building for $1.2 million—or $300,000 apiece—on the condition that the seller would lease the space back to the town for free for one year. The bid amount came in far below what town officials expected after setting a minimum of $3 million for the seven units last year. An appraisal of the property at that time came in at $4.4 million, according to Councilwoman Theresa Quigley.
The office complex currently houses the town’s Planning Department, Building Department, Natural Resources Department, Ordinance Enforcement Department, Planning Board office, fire marshal’s office, assessor’s office, tax receiver’s office and information... more
