East End Commercial Properties Hit the Market

With Halloween over, peak holiday shopping season is fast approaching. East End buyers already have multiple opportunities to surprise their loved ones with the gift of commercial real estate.

In the Hamptons, two adjacent buildings on Bay Street in Sag Harbor Village are for sale for the combined price of $9.5 million, Behind the Hedges reported. The properties are located at 4 and 6 Bay Street and are being marketed by Brown Harris Stevens’ Tony Cerio and Mitch Natter.

If purchased separately, the less expensive of the two is 4 Bay Street, a two-story building with 1,200 square feet of retail space and 500 square feet of office space, which is being offered for $4.5 million. The property is home to goop, Gwyneth Paltrow’s wellness and lifestyle company.

Next door, 6 Bay Street could be had on its own for $5 million. Italian restaurant Dopo La Spiaggia serves up pasta where diners can enjoy their white sauce while looking over the water in the marina. The restaurant has 125 seats between its indoors and outdoors, as well as a detached prep building with office space.

In the North Fork, meanwhile, the Goldin Furniture building in Greenport was recently listed for $3.5 million, the Suffolk Times reported. The history of 434 Main Street dates back to the 19th century, but its old nature demands contemporary (read: expensive) repairs.

The property started as the Greenport Auditorium, which operated for 44 years before a hurricane damaged the building. It was then transformed into a furniture store.

Property owner Andrew Aurichio wants to sell the building to a nonprofit, private benefactor or the village in hopes of preserving the historic building. If the village isn’t involved in the purchase, listing agent Bridget Elkin told the Times it still may need to be involved in the preservation effort, perhaps by providing funds or easing up on zoning regulations.

— Holden Walter-Warner