Morpurgo House In Sag Harbor Sold At Auction - 27 East

Real Estate News

Real Estate News / 1405911

Morpurgo House In Sag Harbor Sold At Auction

icon 4 Photos
Students, teachers and parents file into the Bridgehampton School's cafeteria to discuss challenges that come with its size. KELLY ZEGERS

Students, teachers and parents file into the Bridgehampton School's cafeteria to discuss challenges that come with its size. KELLY ZEGERS

July 31 -- The demolition of the portable classrooms at the Eastport Elementary School began in late July. For more than 30 years, three portable buildings, referred to as “annexes” by the students and staffers, stood on the Eastport Elementary School grounds. They were supposed to be a temporary fix for overcrowding when they were installed, but students continued to file in and out of the classrooms for the next three-plus decades until this past spring, when a second permanent building was finally constructed just a few hundred feet to the east. That building—the $26 million Tuttle Avenue Schoolwas opened to students earlier this year.

July 31 -- The demolition of the portable classrooms at the Eastport Elementary School began in late July. For more than 30 years, three portable buildings, referred to as “annexes” by the students and staffers, stood on the Eastport Elementary School grounds. They were supposed to be a temporary fix for overcrowding when they were installed, but students continued to file in and out of the classrooms for the next three-plus decades until this past spring, when a second permanent building was finally constructed just a few hundred feet to the east. That building—the $26 million Tuttle Avenue Schoolwas opened to students earlier this year.

Marion Diener, of Manorville, addresses the board about Superintendent Mark Nocero's retirement. AMANDA BERNOCCO

Marion Diener, of Manorville, addresses the board about Superintendent Mark Nocero's retirement. AMANDA BERNOCCO

authorKelly Zegers on Jun 24, 2016

The fate of the historical Morpurgo House on Union Street in Sag Harbor may have been sealed June 24 at Southampton Town Hall.

The home was sold at public auction to a developer for $1.325 million. Mitch Winston, of Nyho LLC, an equity group, placed the winning bid.

There are currently no plans to tear down the entirety of the home, which was in foreclosure, he said.

The village had postponed a public hearing on the demolition of the home, prompted by safety concerns, in case there was a successful bidder at the auction.

“When you look at the economic equation here, the value is in the historical retrieval and being able to pull back what was there,” said Scott Strough, a broker from the Compass real estate agency who worked with Mr. Winston. Mr. Strough, along with Christian Lipp, are the brokers for the home who brought in Mr. Winston. They had known about the property for years and had been eyeing it for about the last year, Mr. Winston said.

The majority of any historical preservation will be done on the exterior of the home and what Sag Harbor Village officials are concerned with in terms of preservation. It will be a working partnership with the village, Mr. Strough said.

It would not be possible to rebuild another approximately 4,000-square-feet structure under current regulations if the home was torn down and builders started from scratch, according to Mr. Strough.

The next step is to evaluate the structure along with Sag Harbor Village senior building inspector Thomas Preiato and resolve any safety issues.

Mr. Winston was not the only bidder at the auction, to his surprise. A man representing Atlantic View Holdings LLC, the mortgage holder of the home, drove up the bid to $1.2 million after Mr. Winston’s initial bid of $1.146 million. The man would not give his name, after bidding again at $1.25 million.

“He’s not an individual, he represents the bank,” said Joel Zweig, an attorney who represents Atlantic View Holdings.

Mr. Winston and Mr. Lipp of Compass stepped to the side for a few minutes to talk, and came back with the final and successful bid of $1.325 million.

“It was tense what happened there at the auction, I didn’t expect that,” Mr. Winston said. Even so, he came prepared with multiple checks for bids.

After the auction, he mentioned that he had a sort of sign from his late father, Marshall Winston, giving him the confidence that his bid would win. His father, he said, was buried with a golf ball that had the International House of Pancakes logo on it. Since then, the son would often check eBay to find an identical ball, and just before the auction one appeared, he said.

You May Also Like:

Quail Ridge Residents Scramble After Apartments Are Purchased for Redevelopment | 27Speaks Podcast

The tenants of Quail Ridge — the two dozen studio and one-bedroom apartments spread over ... 3 Jul 2025 by 27Speaks

Water Mill Property Where Hal Buckner and Dorothy Lichtenstein Left Their Marks Is for Sale

A Water Mill property that hosts a former dairy barn turned artist’s studio and a ... 30 Jun 2025 by Brendan J. O’Reilly

Sundays on the Bay Hits the Market

Sundays on the Bay restaurant and marina on Dune Road in Hampton Bays has hit ... 29 Jun 2025 by Staff Writer

Hamptons Rental Market Remains Alive and Well

To paraphrase Mark Twain, reports of the demise of the Hamptons summer-rental market are greatly exaggerated. “Any hint that the Hamptons rental market is anything but robust is completely wrong,” said Corcoran associate broker Gary DePersia in East Hampton. An interesting dynamic is stirring in the Hamptons vacation-rental market. Although there has been an unprecedented rise in short-term rentals and the aftershocks of the COVID-19 pandemic linger, it has been a bumper crop year for Wall Street, interest rates have remained steady and a new breed of demanding customer is emerging. Despite it all, the Hamptons vacation-rental market remains as ... 19 Jun 2025 by Joseph Finora

Jon Vaccari Joins Noble Black & Partners at Douglas Elliman

Jon Vaccari, a longtime resident of Sag Harbor, has joined Noble Black & Partners at ... 18 Jun 2025 by Staff Writer

Appeals Court Sides With Landowner Over Southampton Village ZBA

Southampton Village has lost an appeal that sought to reinstate a Zoning Board of Appeals ... 12 Jun 2025 by Brendan J. O’Reilly

Last Parcel of Startop Ranch in Montauk Sells

The last plot of land at Startop Ranch in Montauk, 107 Startop Drive, has sold ... by Staff Writer

Hamptons Real Estate Roundtable, Memorial Day Weekend 2025 Edition

With Memorial Day weekend about to kick the Hamptons into high season, The Express News ... 22 May 2025 by Moderated by Brendan J. O’Reilly

Au-Delà Real Estate Vows To Go 'Beyond'

Au-Delà Real Estate, a new boutique real estate firm based in East Hampton, is now ... 20 May 2025 by Brendan J. O’Reilly

AI Helps Rental Seekers Find Homes That Match Their Aesthetic Preferences

Consumers increasingly have an expectation of superior, more personalized service based on their own particular ... by Steven Loeb