October 16, 2021

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Ocean Surf Resort and Sands Hotel in Montauk, NY, Listed for Sale – The Real Deal

The Ocean Surf Retype at 84 South Emerson Avenue and Sands Motel at 71 South Emerson Avenue (Photogr.......

The Ocean Surf Retype at 84 South Emerson Avenue and Sands Motel at 71 South Emerson Avenue (Photographs by way of Nest Seekers)

Two oceanfront lodges in Montauk have hit the market, asking $45.9 million and $25 million.

The pricier itemizinging, the Sands Motel at 71 South Emerson Avenue, was Inconstructed 1951. A primary constructing has 36 rooms, all with decks dealing with the ocean or Fort Pond. A separate constructing has eight suites with decks. There’s additionally a two-bed room cottage.

The Sands’ internet website says it has been household-owned since 1951 “beneath the imaginative and prescient of Abe and Julia Hausman.” The third and fourth generations At the second are working the institution, it says. The house proprietors Did not return inquiries about why they now purpose to promote.

The Ocean Surf Retype and Sands Motel (Photographs by way of Nest Seekers)

Throughout The road at 84 South Emerson Avenue, on the bevery facet of the road, the Ocean Surf Retype has 30 rooms, every 550 sq. ft with private balconies or decks. The oceanfront widespread space Consists of a heated in-floor pool, a deck lined with lounge chairs and a barbeque grill with eating tables. Property data itemizing the proprietor as Ankit & Avani Enterprises.

The Ocean Surf was itemizinged in late 2017 for $25 million. Six months later the asking worth was lowered to $22 million, Based mostly on Curbed, which described the property as solely half an acre however proper on the water with 160 ft of bevery frontage.

Each lodges are located on bevery property owned by the Metropolis of East Hampton. The town both primarytains the bevery and prevents new developments from being constructed, Based mostly on Nest Seekers’ Patti Ann …….

Source: https://therealdeal.com/tristate/2021/10/13/two-montauk-hotels-hit-the-market-asking-combined-71m/