Real Estate News

Montauk Tug Sinks In Hudson River, Killing A Crew Member

A Montauk-registered tugboat sank in the Hudson River north of New York City on Saturday morning after striking a barge at the Tappan Zee Bridge, reportedly killing at least one crew member.

Two other crew members from the tugboat, The Specialist, are missing and still being searched for, New York City news agencies reported on Saturday.

The Specialist is registered to a limited liability company based on South Flint Street in Montauk. The address is that of John Magnaldi, who is also listed as an owner of The Specialist in a 2013 lawsuit.

The Specialist is 84 feet long and weighs 131 tons. It was built in 1954, according to the U.S. Coast Guard registration. It was previously owned by Lake Michigan Contractors Inc.

One-Time Summer Home Of Mets Owner Steve Cohen Sells For $23 Million In East Hampton

A 2-acre East Hampton estate with a recently expanded 9,795-square-foot residence recently sold for an ... 22 Jun 2021 by Staff Writer

East End Community Housing Fund Bill Heads To Governor’s Desk

State Assemblyman Fred W. Thiele Jr.’s bill to allow the five East End towns to establish Community Housing Funds — like the Community Preservation Fund but for affordable housing initiatives — has passed in both houses of the State Legislature and now goes to Governor Andrew Cuomo for his signature or veto. The legislation would permit towns to use Community Housing Fund proceeds to provide financial assistance to first-time homebuyers for up to 50 percent of the purchase price and would allow towns to underwrite the production of housing for sale or rent. The money could also be used for ... by Brendan J. O’Reilly

The Latch Southampton Village Recognized For Historic Preservation

Vision Long Island recently awarded the Beechwood Organization, one of the biggest builders in New ... by Staff Writer

A Flash In The Pan Or The New Normal?: Hamptons Real Estate Pros Examine Lasting Effects Of The Pandemic

The COVID-19 pandemic has permanently changed the nature of the Hamptons real estate market and ... 16 Jun 2021 by Brendan J. O’Reilly

OLA To Help East End Residents Gain Access To Rental Assistance

Suffolk County has designated OLA of Eastern Long Island to help East End residents gain access to rental and utilities assistance through New York State’s Emergency Rental Assistance Program. The relief is available to low- and moderate-income households at risk of experiencing homelessness or housing instability and includes help for paying back rent, future rent and overdue utility bills. The Emergency Rental Assistance Program also includes a method for the landlord to apply directly. Either way, payments will be sent directly to landlords. “Immigrant community members, especially if they are undocumented, can be extremely vulnerable to exploitation by landlords,” said ... 14 Jun 2021 by Staff Writer