Business

East Hampton Point, the luxury resort and marina on five acres of Three Mile Harbor waterfront, has been purchased for just under $18 million by an investment group led by Heath Freeman, the president of the Alden Global Capital hedge fund and a Montauk resident.

AMAGANSETT

Ama Ballenero L.L.C. to Ocean PSP L.L.C., 12 Whalers Lane, Dec. 14, $11,000,000.

BRIDGEHAMPTON

Sutton Farms L.L.C. to Sand and Snow L.L.C., 16 Highland Terrace, Sept. 30, $4,800,000.

EAST HAMPTON

7 Crooked Highway L.L.C. to Alexandra and Kyle Widrick, 7 Crooked Highway, Sept. 18, $3,278,060.

56 Miller Lane L.L.C. to Robert and Sarah Santangelo, 52 Indian Hill Road, Mar. 1, $2,995,000.

Stuart's Seafood Market, an Amagansett institution since 1955, is under new ownership, as Rashid Sulehri, the owner of Villa Italian Specialties in East Hampton, purchased the business earlier this month along with "all the business secrets including the recipes, and how they're successful and why they're successful." 

One great thing about hearing women talk about working in historically male-dominated professions is that it seems like the most natural thing in the world to them. As Women's History Month comes to a close, a ferry captain, train conductor, sound engineer, architect, landscaper, and auto repair business owner shared stories of life on the job.

AMAGANSETT

Christina and Neal Gabler to Matthew and Nadine Abramcyk, 8 Dennistoun Drive, Dec. 22, $2,010,000.

Jeffrey and Sheila Britz to David and Kyra Barry, 169 Atlantic Avenue, Feb. 11, $9,500,000.

BRIDGEHAMPTON

Paula Gottret to Matthew and Nancy Bromberg, 321 Paul’s Lane, Dec. 16, $6,995,000.

47 Sams Creek Acq L.L.C. to Metta Hampton Acquisition L.L.C., 47 Sams Creek Road, Dec. 21, $10,200,000.

15 Kellis L.L.C. to Angela and Neil Burgess, 15 Kellis Way, Dec. 29, $6,600,000.

More than a year after the onset of the Covid-19 pandemic caused a boom in East End real estate sales and rentals, industry professionals said the market is still going strong even as the end of the pandemic may be drawing near.

AMAGANSETT

Richard Harman Trust to Tricky L.L.C., 96 Meeting House Lane, Jan. 21, $4,000,000.

Greg and Ernie Schimizzi, brothers who run Hamptons Television, WVVH-TV, out of East Hampton, will be inducted into the New York State Broadcasters Hall of Fame in October after 44 years of working together in the film and television business.

The week in real estate transfers.

Because of an ongoing surge in home sales, the Peconic Bay Community Preservation Fund collected $21.07 million in revenues in January, the second-largest monthly amount in the program’s 22-year history.

AMAGANSETT

Phyllis H. Kramer to Andrew W. Seigel, 8 Seabreeze Lane, Dec. 1, $2,800,000.

Hamptons Five-O L.L.C. to Jesse and Joanna Jacobs, 15 Hedges Lane, Dec. 8, $5,250,000.

Furthest East L.L.C. to Pleasant J5 L.L.C., 472 Further Lane, Dec. 24, $8,000,000.

LBC Realty Company L.L.C. to Normary Associates L.L.C., 242 Marine Boulevard, Jan. 5, $9,400,000.

BRIDGEHAMPTON

Estate of Robert Browne to Andrea Scharf, 468 Butter Lane, Oct. 29, $3,750,000.

The latest real estate transfers.