Northfork Properties

Hamptons Rentals Unaffected By Snow And Ice

 
Posted on Wednesday February 18, 2015 5:26 PM
by Joseph Kazickas No Comments »

Snow drifts on Town Lane in Amagansett

Snow drifts on Town Lane in Amagansett


Heavy snowfall on the East End of Long Island doesn’t appear to have affected the strong momentum evident in the 2015 Hamptons summer rental market. Despite the bitterly cold weather and drifting snow, rental customers are still making the trek out east to choose a rental property for the coming summer season.
As has been the case over the last several years properties in Montauk are most in demand, especially those willing to accommodate a younger clientele. There also appears to have been a backlash from homeowners, who, for one reason or another are holding out for more mature tenants.
One way or another it looks like Montauk will be hopping this summer.
We are posting a photo of Town Lane in Amagansett to give you an idea of how things look mid-winter.
Oftentimes the biggest problem agents face in showing rentals is getting to the front door, so a snow shovel, at least for now, is a good tool for agents to carry.

Hamptons Real Estate – Hook Mill Court – 12 Lot Subdivision in the Heart of East Hampton Village Moves Closer to Approvals

 
Posted on Sunday February 1, 2015 4:52 PM
by Broker Comments Off

28 Accabonac Map

The proposed sub-division, to be known as Hook Mill Court, located on 10 acres at 28 Accabonac Road in East Hampton Village, passed two important milestones in early December: a negative declaration on the SEQRA determination, and preliminary approval from the East Hampton Village Planning Board.

An application for the sub-division was submitted in the fall of 2012.

The project has been shepherded through the sub-division process by Joseph Kazickas, a principal of Rosehip Partners, who will also be representing the property for sale.

The project, zoned R-20, will consist of 11 build able parcels of between approximately 20,000 to 25,000 sq. ft. together with a 1.1 acre developed parcel, located within the Hook Mill Historic District, site of the historic Stephen Hedges House which dates to 1864. Reserve areas total approximately 3 acres. More information is available at http://www.hookmillcourt.com.

The project is within sight of East Hampton’s Hook Mill and just a quarter mile from downtown East Hampton Village.

The Hamptons Summer Rental Season (v.2015) Is Upon Us

 
Posted on Saturday January 17, 2015 8:25 PM
by Joseph Kazickas Comments Off
Poolside in Montauk - 6 Bedrooms/4 Baths $80,000 Memorial Day to Labor Day

Poolside in Montauk – 6 Bedrooms/4 Baths $80,000 Memorial Day to Labor Day

It’s January, and we all know what that means: Montauk is sizzling.
The Hamptons summer rental season is upon us, and, just as in years passed, the early action is in Montauk.
While it’s way to early to make a call on how the rental market will fare this season, the data is promising. As usual we look at traffic to www.hamptonsrentals.com to give us a hint. A 15% increase in user sessions, a 17% increase in users, 25% more page views, and a 35% increase in session duration compared to the like period (Jan.1-16) in 2014.
By contrast 2014 compared negatively to 2013 in each category.
In 2014 the Hamptons real estate industry experienced a significant contraction in rental activity with some agencies experiencing as much as a 40% drop in commission income attributable to rentals.
For the moment the data signal strength, the weather has been pretty nice, gas prices are down, so we are expecting 2015 to be relatively strong.

774 Montauk Highway, Montauk – The Shagwong Restaurant- Montauk’s Legendary Tavern

 
Posted on Monday December 8, 2014 9:27 PM
by Broker No Comments »

Shagwong Restaurant copy

Montauk’s legendary Shagwong Restaurant, one of our favorite hangouts for a mid – winter Bloody Mary, with a dozen cherrystones on the side, is for sale at a newly reduced price of $2,995,000.

The 90 seat restaurant, bar, and apartment with ocean views, combine to create a Montauk classic. Call Rosehip Partners for details. 631-495-3404

East Hampton Town Board Addresses the Proposed New Rental Registry Law – How to Grow Government While Creating A New Class of Lawbreakers: Non-compliant Landlords

 
Posted on Tuesday October 21, 2014 8:02 PM
by Joseph Kazickas No Comments »

The East Hampton Town Board opened discussion to the public about a proposed new Rental Registry Law that fails miserably in achieving its goals.

Over the last couple of years there have been a growing number of complaints from residents of overcrowding of single family homes that had been rented out during the summer season. These complaints are generally in response to loud, late night parties which tend to occur in houses that are rented, and then re-rented as share houses by a younger aged subset of tenants. Local law forbids the selling of shares, or partial rentals, of single family homes. In addition there are limitations as to how many unrelated people can occupy a home as well as the absolute number of occupants based upon the number of bedrooms.

The Town Board was called upon to address the issue and now a proposed new law is being discussed. In our view the proposed law does nothing to address the issue of share houses and overcrowding, much less disturbing the peace. What it does manage to do is create an entire new set of burdens on Landlords, who, in the event of non-compliance with the proposed Registry requirements could expose them to fines, or worse.

Here is the basic idea behind the proposal…Landlords would be required to register their rental business with the Town, which in turn would give the Landlord a registration number. This registration number would be required to be included in any advertising of the property (which on the surface doesn’t make any sense, as properties that are available for rent are generally advertised before they are rented, that is before they are even eligible for a registration number.) Here’s what’s included on the application:

IMG_1675

This information would provide an as of now yet to be created new level of bureaucracy in local government the core information required to monitor the frequency at which homes are rented. Current law permits not more than two rentals of 14 days or less twice during a 6 month period. In addition Landlords would be required to submit affidavits attesting to their compliance with all codes. On top of all this there may be a fee for the registration. In addition any subsequent rental will require obtaining a new registration number. It’s all silly and a waste of time and energy and does nothing to solve the problems meant to be addressed.

The proper way to handle late night parties and over crowding is to call the police and code enforcement. The rules are already on the books, they just need to be enforced, there is no reason to create a whole new level of regulations and record keeping.

There is one thing that we have always felt and that is the limitations on short term rentals should be eased. Our season is short and the trend over the last few years has been toward shorter term rentals, there is a lot greater demand for weekly rentals than there is for the more traditional Memorial Day to Labor Day. Allowing shorter term rentals does not increase congestion. What it would do is bring fresh wallets to our economy, more frequently. This is something that would be of tremendous benefit to local merchants who need to make all they can during the summer months in order to survive the lean off season.

Something Off Topic – We think we understand what the message is…

 
Posted on Tuesday October 21, 2014 5:13 PM
by Joseph Kazickas No Comments »

…but perhaps there’s a better way to say it.

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Time Capsule Document – The Original Contractors Reconciliation For The Construction of 140 Egypt Lane

 
Posted on Tuesday September 16, 2014 8:11 PM
by Broker 1 Comment »

We were provided the following interesting document regarding the construction costs for 140 Egypt Lane a house that is currently for sale. It is pretty fascinating.

Here it is:

140 Egypt Lane - Construction Cost Reconciliation-1

140 Egypt Lane - Construction Cost Reconciliation-2

The first thing that impressed us was that it was prepared with a manual typewriter and it is basically flawless. We know that sounds trite, but all you have to do is think about it for a few seconds as you sit in front of your computer.
Beyond that we can note the start and end dates, the house was completed in 11 months. The contract estimate was $34,848.00 and the total job cost, after adjustments came to $35,793.20. Just for the record that is equal to $476,409.49 in today’s dollar. The house is about 5,485 square feet in size so that equates to a cost of about $86/sq.ft. Try getting anything done today at $86/sq.ft.

We were wondering about the substitution of kalsomine for paint. In fact we hate to admit it but had never heard of kalsomine, which shouldn’t be a surprise as its general use in home construction, we learned, ended in the 1930′s. Here are two links to some information about it, in case you care.

It’s Egypt Lane Time (Again) For Rosehip Partners

 
Posted on Saturday September 13, 2014 5:48 PM
by Broker Comments Off

This newly listed country French cottage is located at 153 Egypt Lane on Hook Pond and lies squarely between Egypt and Wiborg beaches. Take your pick! The ocean is just seconds away in either case.

DCIM100GOPRO

You can click here for more information.

140 Egypt Lane by Architects Polhemus and Coffin, Comes To Market for the First Time in over 50 Years

 
Posted on Monday August 25, 2014 7:59 PM
by Broker No Comments »

The residence located at 140 Egypt Lane has come to market for the first time in over 50 years.

Noteworthy for its handsome profile and beautiful gardens the property is bordered to the east and south by the Maidstone Club.

The property is listed at $22,500,000 by Rosehip Partners.

Afternoon from SW copy

Pool from North


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Spent A Few Too Many Weekends In The Hamptons As A Guest?

 
Posted on Monday August 25, 2014 7:13 PM
by Joseph Kazickas No Comments »

Well here is the perfect house gift…

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