Real Estate News

The Only New Residence On Sag Harbor’s Main Street Sells For $7 Million

The first new build on Sag Harbor’s Main Street in more than 75 years recently sold for $7.19 million.

The house and pool were built in 2017 in place of a cape that was deemed noncontributing to the historic district. Located on Captain’s Row, the new home is 4,800 square feet with five bedrooms, six full bathrooms and two half-baths. There is additional living space in the finished lower level and the pool house. The property also includes a detached garage.

The design is in the style of a Victorian, but with modern influences.

According to The Real Estate Report Inc., 232 Main Street changed hands on April 6. The sellers were Michelle and Stephen DeBiasi and the new owner is a limited liability company. The DeBiasis paid $6.27 million for the property in 2018.

The Breitenbach Advisory Team at Compass made the sale — the third time the team has sold 232 Main Street.

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