Business

Richie Winick likes to say that his newish Montauk fine jewelry store on Main Street offers an eclectic range of merchandise for sale in a price range reflective of the hamlet’s seaside-meets-suburbia affect.

A new raft of South Fork real estate deals.

For years, restaurants have operated at the Springs location in apparent harmony with their surroundings. Rita Cantina has been different. Ann Glennon, the town’s principal building inspector, and nearby residents say its use of the property has risen to unacceptable levels.

The cocktails will have to wait, but the boat slips are back in business. The Montauk mecca formerly known as Liars’ Saloon, which also was home to the Offshore Sports Marina, has a new sign out front from its new owner, Sam Gershowitz, signaling a new chapter is indeed afoot at 408 West Lake Drive in Montauk.

The "last mile" shuttle bus service that takes passengers from the Long Island Rail Road's South Fork Commuter Connection trains to their destinations and back again expanded in East Hampton Town this week. 

The latest real estate action here.

M&T Bank has promised a smooth transition for customers who bank with People’s United Bank but now find themselves in the midst of the nuts and bolts of M&T’s long-anticipated final takeover of People’s, happening this weekend.

Many people know by now that Southampton Town has “opted in” to open cannabis dispensaries and consumption lounges one of these days, but less known is that the town is now hosting the East End’s only psychedelic healing center.

New South Fork real estate transfers.

From Montauk to Southampton Village, recent real estate transactions.

"We joke and say it's the world's second oldest profession," said Ike Birdsall, owner of Birdsall's Hotshoe, a farrier based in Sag Harbor. Farriers, who tend to horse hooves, are an essential but unheralded segment of the $122 billion horse industry, and the job hasn't changed substantially since 400 B.C. when the earliest horseshoes were made.

Real estate transfers from May through mid-July

The real estate report, South Fork edition.

Sam Gershowitz, an UpIsland recycling magnate who owns the Star Island Yacht Club in Montauk, is the new owner of Liars' Saloon and the Offshore Sports Marina on West Lake Drive in Montauk.

Curious about what’s happening in South Fork real estate? Here’s the weekly rundown.

The latest South Fork real estate transactions.

Molly Scheider is doing well these days, with a new job at an East Hampton veterinary practice, plans to enter Suffolk Community College in the fall, and a creative writing project in the works, but it wasn't always that way for the Pierson High School graduate, who manages major depressive disorder, anxiety, and attention-deficit/hyperactivity disorder. Her success is due in part to help from Career and Employment Options, Inc., a Hauppauge company that provides job counseling and training, internship placement, and other support services for people with disabilities.

More than $23 million for two Amagansett parcels alone, and much more this week in Hamptons real estate.

It’s the kind of real estate transaction that often flies under the radar: A high-end property never hits the market publicly but captures people’s attention once its address appears in the county’s recorded deed transfers — usually with an eye-popping price and limited-liability corporations listed as buyer, seller, or both.

The march of the L.L.C.s.

Newly reported real estate doings on the South Fork.

New real estate transfers.

The Springs General Store is the unofficial center of the hamlet, a place where people flock for breakfast on weekends or coffee and camaraderie on weekday mornings, and where children head after school for a bag of candy or three cookies for $3. "For me the biggest gift is that I was able to be an active part of the community in a way that one person cannot always be," said the business's owner, Kristi Hood.

The march of the L.L.C.s — it’s another week in Hamptons real estate.

“Oh, hi! We’re the people who rented your place.” That’s what the owner of a Springs property, who asked not to be named, said she heard about 20 times, almost daily, over the past three weeks. She believes she has been the victim of a summer house rental scam.

Montauk Airport, the small, privately owned airport that has taken on an outsized role in the controversy over the planned privatization of the larger East Hampton Town Airport, has been sold, an owner confirmed on Tuesday. 

The latest transactions for real estate watchers.

Here is the week in South Fork real estate action.

Leo Daunt hasn’t just co-opted any old vintage mom-and-pop atmosphere of 1970s Montauk in the repurposing of his seaside motel. He's actually taken his mom and pop’s vibe and given it a cool rethink with glossy interiors and contemporary twists like Himalayan salt lamps in the rooms, outdoor fire pits, and a yoga pavilion — the better to cater to the values of the millennial traveler.

The East End real estate boom brought on by the Covid-19 pandemic is experiencing a shift thanks to historically low inventory, but the market is still feeding historically high prices, competitive conditions, a near-total lack of available rental properties, and faster turnaround of deals as a result.