Oh Thank Heaven: Flanders 7-Eleven Sells For $3 Million - 27 East

Real Estate News

Real Estate News / 1405595

Oh Thank Heaven: Flanders 7-Eleven Sells For $3 Million

icon 1 Photo
The property housing the 7-Eleven in Flanders sold for $3 million recently.

The property housing the 7-Eleven in Flanders sold for $3 million recently.

author27east on Jul 21, 2016

Chances are that when you order a Big Bite at the 7-Eleven in Flanders, the billionaire financier Carl Icahn will not be the one serving it to you … but it could happen. Recently released Suffolk County records reveal that the land and the convenience store on it was purchased by Voltari Real Estate Holdings LLC. According to the business publication Barrons, Icahn owns roughly have the shares of Voltari.

The company, formerly called Motricity, was a mobile advertising and marketing company based in New York City. It struggled since its founding in 2004, then underwent a reorganization in 2013. Icahn has been a longtime investor and may have persuaded the re-christened Voltari to shift its focus to real estate. The purchase of the Flanders property and 7-Eleven, for just under $3 million, appears to be the company’s first significant acquisition.

The biggest big deal reported during the last couple of weeks is actually a twofer: 69 and 77 Meeting House Lane in Amagansett, which were sold for the nice round numbers of $5,173,890 and $8,601,110, respectively. The buyers were two limited liability companies, Action Craft 1 and Action Craft 2. The Action Craft company is a maker of high-end recreational boats and is based in Cape Coral, Florida. Together, the properties total 1.5 acres, each containing a house. Presumably, the buyer intends to create a compound. Away all boats!

Runner-up is the $12 million plunked down for 30 West End Road in East Hampton. If that address is familiar it’s because, as The Press reported last month, it is one of the parcels comprising the former Courtney Ross estate on Georgica Pond which David Geffen bought several years ago. He is now selling the parcels off, soon after acquiring a manse on Lily Pond Lane. After “win” and “place,” the “show” property is 8 Association Road in Wainscott, bought by 8 GAR LLC, whoever they are, for $9,750,000. It is in the Georgica Association, a 100-acre private enclave on the west bank of Georgica Pond. In addition, the 2.5-acre site borders a 44-acre agricultural reserve. With all that lush land to wander around in, the new owner might not spend much time in the 5-bedroom, 3,800-square-foot house.

Another East Hampton property is at number 5 on the big deals list, this one at 17 Pondview Lane, which sold for a whisker under $5 million. An interesting note is the purchaser is Casa Escondida. That name won’t ring a bell for younger folk, but the rest of us: Casa Escondida is a senior citizen complex in New Mexico operated by Monica Niess, who is also head of the Write Choice Network, a consulting and public relations firm. Perhaps the place on Pondview will become a haven for older memoir writers. The Douglas Elliman copy does say that “for the savvy buyer/builder opportunities abound, including a possible compound.”

What about number 4 on the list? Bridgehampton doesn’t want to be ignored, and it won’t be thanks to the purchase of 63 Newlight Lane by Joakim Mellander. He is the head of North American Capital Markets at Accenture, and he shelled out $5,585,000 for the property. If all these real estate transactions have worked up a thirst, head to Flanders and see if Carl Icahn will serve up a fresh, cold Slurpee.

You May Also Like:

Shingled Traditional in Bridgehampton Gets $13.49 Million

A shingled traditional in Bridgehampton designed by architect Kitty McCoy has sold for $13.49 million ... 10 Dec 2024 by Staff Writer

Ocean Road Estate Sells for $10.8 Million

A 2.25-acre Bridgehampton estate with a 7,000-square-foot shingled traditional main house and a 1,500-square-foot pool ... by Staff Writer

Emergency Housing Assistance Training Offered for Advocates

Legal Services of Long Island’s Legal Support Center for Advocates presents “Emergency Housing Assistance on Long Island” on Friday, December 6, from 1 to 2 p.m. on Zoom to learn about Department of Social Services services and procedures, as well as resources, when assisting a client in need of emergency housing assistance. Legal Services of Long Island, which has an office on the East End in Riverhead, focuses on the survival needs of people with low incomes and is devoted to preserving housing on Long Island. “Public benefit programs and the preservation of housing are priority areas,” the group’s website ... 3 Dec 2024 by Staff Writer

Historic South Main Street Residence Sells for $10.35 Million

An updated and expanded shingle-style house — the former Foster family homestead — in Southampton ... by Staff Writer

Moving Into the Next Phase of Life: Senior Housing Professionals Guide Late-Life Relocations

For retired people planning their next move, perhaps from a long-held home to senior housing, ... 27 Nov 2024 by Brendan J. O’Reilly

Post-Election, One Reason for Homebuying Hesitancy Removed, But Rates Remain a Concern

Now that the election is over, will local real estate sales increase? There is understandably ... by Joseph Finora

Bates Masi + Architects Wins Project of the Year, Among Other Awards

East Hampton-based architecture and design firm Bates Masi + Architects recently took home multiple awards. ... 25 Nov 2024 by Staff Writer

Despont's Rosewood Farm Estate Sells for $17.8M

The Rosewood Farm Estate in Southampton, which had been owned by architect and designer Thierry ... by Staff Writer

Mediterranean-Style Dune Road Residence Sells for $7.25 Million

An oceanfront Mediterranean-style residence in East Quogue that was listed for $10.4 million back in ... by Staff Writer

Sotheby's and Town & Country Offices Host Coat Drives

Some South Fork real estate offices are serving as drop-off locations for coat donations to assist people in need. Sotheby’s International Realty is hosting a coat drive through the end of the year in partnership with Heart of the Hamptons in Southampton Village and the Sag Harbor Food Pantry. New and gently used winter clothes for all ages can be dropped off at the Sotheby’s offices located at 2446 Main Street, Bridgehampton; 6 Main Street, East Hampton; and 50 Nugent Street, Southampton. Town & Country Real Estate is accepting coats through December 1 at its offices: 46 Main Street, East ... 22 Nov 2024 by Staff Writer