Big Sag Harbor Offering on the Market
Sag Harbor’s Main Street, which has been the site of ongoing real estate drama — including the fall and impending rise of the village’s cinema, the passing of the Conca D’Oro pizza parlor, and a rash of construction projects — has yet another issue to contend with: a near half-acre of commercial and residential property between Main and Division Streets has been listed for sale for just shy of $12 million.
Officially listed as 83 Main Street, the assemblage of three contiguous properties contains six retail stores, including the Country Lane gift shop and the Adornments jewelry store, four second-floor apartments or office spaces with a shared roof deck, two single family residences on Division Street (one of which currently houses the Scarlett Rose salon), and a vacant lot on Washington Street that can be developed for commercial use.
Julia Hyman, the owner of the properties, said that she had purchased 83 Main Street 40 years ago. “I bought the corner building and created apartments upstairs,” recalled Ms. Hyman, who lives in Venice, Fla. As she expanded her holdings over the years, she grew attached to her tenants, she said, but decided to put the properties on the market “because of my age and because I no longer live in Sag Harbor.”
Lee Minetree, a broker from Saunders Realty who is Ms. Hyman’s agent, said that he had received offers on the properties, but that no deal was in place. He said he has also reached out to the village to see if it was interested in purchasing the vacant lot, but has received no response.
“The village has so much on its plate right now,” said Aidan Corish, a Sag Harbor Village Board member, citing the plans to rebuild Long Wharf and the need to address the parking situation. Given that the properties up for sale lie in the heart of the business district, Mr. Corish said that the village is extremely interested in watching what happens to the parcels, but at this point it had to let the private transaction play out. Ultimately, Mr. Corish added, the village has faith that its building code and its planning and zoning boards would prevent whoever buys the property from developing it in a way that would bring any major disruption to Main Street.