Southampton Town CPF Purchases: Where $30 Million Went - 27 East

Real Estate News

Real Estate News / 1407204

Southampton Town CPF Purchases: Where $30 Million Went

icon 1 Photo

authorErin McKinley on Feb 28, 2016

More than 90 acres of land were preserved in Southampton in 2015 using $30.1 million from the town's Community Preservation Fund.

Included in the 91.02 acres were 13.44 acres of farmland for which enhanced development rights were purchased, meaning that the land can be used only for specific, active agricultural purposes.

There were 26 purchases in six different CPF categories. Six parcels were purchased to protect wetlands, three for green/parks and recreation" in the town's villages or hamlets, 11 for open space, one for historic preservation, one in the Central Pine Barrens, and four to protect farmland.

The smallest expense was $430 to cover the closing costs on land donated by the Gazza Corporation on Great Hill Road in North Sea. The Gazza Corporation made four donations last year, for a total of 22 parcels throughout Southampton Town. The most expensive purchase last year was from Melzer & Company Retirement Trust for $5.3 million paid for five parcels totaling 11.9 acres of marshland on Laila Court in Remsenburg-Speonk.

Another expensive CPF purchase last year was from Recam Holdings for the .82-acre property once owned by Pyrrhus Concer, an African-American resident of historical significance. The town purchased the land for $4.3 million after a lengthy battle between David and Silvia Hermer and the Village of Southampton over the demolition of the home, which many believed should have been landmarked. The property was put on the market after the house was demolished, and the town agreed to purchase the property, on which Southampton Village will build a replica using remnants salvaged from the Concer home.

"

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