Friday, December 28, 2012

For Sale: Montauk

On our walk through town one morning last week, we noticed a "For Sale" sign in the window of Becker's Hardware Store; then a block later, one in the cafe next to Martell's. "This place is for sale?" we asked Jimmy Martell, who was opening his store. "Yup," he confirmed. "So is this place," he said, pointing to his own store, "and that one too," he added, taking in his gas station with a sweep of his arm.

A cursory look at the commercial real estate listings this week (probably just the tip of the iceberg since it didn't list Martell's or Becker's) turned up the property housing John's Pancake House and the barber shop next door ($1,999,000), the Albatross West ($3,600,000), the Inlet Seafood complex ($15,000,000) and Ronnie's Deli ($1,500,000).

Herb's just sold for $875,000.

Given the high profile sales of recent years, like Ronjo, Ruschmeyers and Nick's (ok, Pirate's Den), one might think all of Montauk is for sale for the right price as many of the hamlet's old guard seeks to cash in.

Can be yours for $1.5 mil

Under new ownership



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