It's Montauk Madness This March

Apr 1, 2018 12:48 PM

Forget “March Madness,” that now-familiar nickname for the NCAA basketball playoffs. During the past few weeks, it’s been “Montauk Madness” as several high-end properties changed hands.

Leading the pack is 58 Surfside Avenue, which was purchased by a limited liability company for $8,700,000. The 2,850-square-foot residence on 0.84 acre has a soaring great room, 4 bedrooms, 3 baths and panoramic ocean views. A staircase allows the owner easy access to that very same ocean.

Another LLC is the new owner of 381 Old Montauk Highway. This 3,500-square-foot home has 5 bedrooms and 7 baths, and sold for $5,475,000. Not far behind in price is 41 East Lake Drive, which sold, also to an LLC, for $5,100,000. A big advantage to this property is it comprises 2.26 acres.

And if the folks in Montauk don’t already know it, 654 Montauk Highway—otherwise known as the Montauk IGA—has sold, for an even $5 million. The new proprietor is Bozzuto’s, a family-owned and Connecticut-based wholesale distributor of food. The seller is Robert Stark, who bought the IGA in 1996 and the one on North Main Street in East Hampton two years later, and has decided to retire.

Speaking of food, there’s one other Montauk property we’d like to include: 17 Wills Point Road. This 3,100-square-foot house on 1.4 acres has 3 bedrooms and 4 baths and was purchased for $3,700,000 by Daniel Glickberg and his wife, Brittany. Mr. Glickberg is the great-grandson of Fairway Market founder Nathan Glickberg. In 2005, the younger Glickberg began serving as vice president of Fairway. The following year, he designed the company website, Discover Fairway, which included weekly video food tips and cooking demonstrations. The site led to a cooperation with WNBC that Mr. Glickberg oversaw. He later left Fairway and founded Dan Glickberg Food, a food consulting and venture-capital company in April 2013. In 2015, Mr. Glickberg joined the cast of Food Network’s “Food Fortune,” a show that gives new food companies a chance to enter the market and grow their business through the help of the show’s featured investors.