Medical Office Building Benton Plaza Sells For Nearly $10 Million - 27 East

Real Estate News

Real Estate News / 1397359

Medical Office Building Benton Plaza Sells For Nearly $10 Million

icon 2 Photos

author on Apr 19, 2018

No need to doctor up this deed—a shade under $10 million was just paid for the Benton Plaza at 365 County Road 39A in Southampton, which since its construction has been a medical office building.

The specific price paid by 1695 Realty LLC is $9,800,000. The company that purchased the 2.2-acre property is headed by Robert Rankell, a real estate investor and developer based in Syosset. The seller, Laub Realty, is based in Scarsdale. The building offers 21,000 square feet, with much of that devoted to health-related practices.

The Benton Plaza was not the only big-ticket Southampton sale reported last week. The other one is a residential property—140 Duck Pond Lane, which went for $8,500,000. This is a privately hedged 1.8-acre setting on a peaceful cul-de-sac lane in Southampton Village near the ocean. Currently existing on the property is a 3,452-square-foot mansard-style 4 bedroom, 4.5-bath principal residence with 2-car detached garage, heated Gunite pool, pool house and tennis court. The residence was built in 1980 and, we’re told, is ripe for renovation.

The sellers are Emilia and Imrich Kallan. The latter, who uses Henry as his first name, is president of the Library Hotel Collection. He certainly worked his way up the hospitality industry. He started out as a busboy at the Gotham Hotel, and later returned to that establishment as the general manager. In between, he worked at The Pierre, Delmonico’s, and Loews Summit Hotel. The chain he now runs has six boutique hotels including the Casablanca Hotel on West 43rd Street in Manhattan.

You May Also Like:

June Saw Increase In Hamptons Homes Entering Contract

The Hamptons saw an extraordinary uptick in signed contracts for single-family homes in June as ... 7 Jul 2020 by Brendan J. OReilly

CPF Revenue For First Five Months Of 2020 Is Record Breaking

The Peconic Bay Region Community Preservation Fund raked in $45.43 million in 2020 through the ... 6 Jul 2020 by Staff Writer

Planning Board Wants To Put Other Considerations Ahead Of Parking

Sag Harbor Village planning officials are exploring better ways to make decisions when considering redevelopment proposals, rather than looking at the number of parking spaces a project might have. Planning Board Chair Kay Preston Lawson, Village Attorney Denise Schoen and Village Planner Kathryn Eiseman have been discussing better metrics to use in place of weighing the proposed gross floor area of a project versus the availability of parking. “When people are redeveloping properties in the village and wanting to maximize the square footage, we’re running into a couple of issues, the biggest one being the granting of parking variances,” Ms. ... 30 Jun 2020 by Brendan J. OReilly

Sag Harbor Planning Board Wants Ban On Apartment-To-Office Conversions

To preserve an active Main Street and downtown in the village, the Sag Harbor Village Planning Board is pitching a ban on converting apartments to offices. The board is penning a memo to the Sag Harbor Village Board to urge legislation implementing a ban, and members want the Zoning Board of Appeals to also sign on to the idea. “To be blunt, it’s a travesty. It needs to be stopped,” Planning Board member Larry Perrine said during the board’s June 23 virtual meeting. He said turning residences into offices goes against the conceptual ideology of the village’s planning. “It’s against ... by Brendan J. OReilly

Westhampton Beach Officials Identify Potential Impacts Of Rogers Avenue Development

The impact on traffic and how the project will compare to as-of-right development were the biggest concerns raised during a “scoping session” about a proposed condominium project in Westhampton Beach. The Westhampton Beach Village Board and Planning Board held a joint work session on Thursday, June 25, to identify what should be included in a environmental impact statement regarding Rogers Associates LLC’s application for a 52-unit multifamily residential development on 9.4 acres on the north side of Rogers Avenue. Carriage Hill Developers, a housing management firm based in Wantagh, submitted the site plan to the Planning Board in August, but ... 29 Jun 2020 by Brendan J. OReilly

Landlords Powerless To Remove Westhampton Beach Holdover Tenant During Moratorium

A Florida couple wished to live in their Westhampton Beach home this summer, but are ... 26 Jun 2020 by Brendan J. OReilly

Builder’s Modern Home In East Hampton Fetches $7.35 Million

A builder’s modern residence in the Northwest Harbor section of East Hampton by Blaze Makoid ... 23 Jun 2020 by Staff Writer

‘Zoom Effect’ Bolsters Hamptons Home Contract Signings In May

As residential real estate contract signings plummeted year-over-year in May in New York City and on the North Fork and the rest of Long Island, the number of home sales that entered into contract in the Hamptons held steady. Contract signings remaining flat, year to year, wouldn’t normally be cause for celebration for the South Fork real estate market, especially after a weak 2019. However, under the current conditions, the May 2020 results were phenomenal news for the industry locally. Industry professionals identified a couple of reasons why the Hamptons bucked the trend: There was a scarcity of rentals following ... by Brendan J. OReilly

In-Person Hamptons Real Estate Showings Return With A New Look In Phase Two

New York State lifted a number of restrictions on the Long Island real estate industry ... 16 Jun 2020 by Brendan J. OReilly

First Frederick G. Potter House Sells For $18.5 Million

The First Frederick G. Potter House, a circa 1899 East Hampton Village home by legendary ... by Staff Writer

Welcome to our new website!

To see what’s new, click “Start the Tour” to take a tour.

We welcome your feedback. Please click the
“contact/advertise” link in the menu bar to email us.

Start the Tour
Landscape view not supported