Business: Off-Market Montauk Deal Closes for $18.1 Million

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The home on Old Montauk Highway that sold for $18.1 million. Photo courtesy of Prime Manhattan Residential

Off-Market Montauk Deal Closes for $18.1 Million

A modern, contemporary compound in Montauk — spanning more than 300 feet of oceanfront across separate, contiguous properties on Old Montauk Highway — has closed for $18.1 million, without so much as a peep.

Robert Dankner, president of brokerage firm Prime Manhattan Residential, represented the buyer in the 230-234 Old Montauk Highway off-market sale — the largest transaction on the East End this year.

It comes just seven months after Dankner represented the buyer in the sale of the oceanfront home next door, which closed for $22.8 million in 2018, marking the largest transaction out east all year, and the second most-expensive sale Montauk has ever seen.

“The location and development opportunity to customize your own Montauk compound high above the ocean is so rare, which is why my buyer jumped at the opportunity,” Dankner said of the recent sale. “The award-winning home provides the best of luxury, including unheard-of oceanfront views. High-end buyers continue to flock to the beauty of Montauk.”

Designed by architect James Biber of Biber Architects and Pentagram Design, the circa-2006 tri-level main home sprawls across 5,500 square feet, and includes a gourmet kitchen, master bedroom with a rooftop deck and wraparound terraces, a custom sky-lighted gym, screening room, wine cellar and storage.

“Honored by both the American Institute of Architects and the American Architecture Awards, the house sits 75 feet above the Montauk shoreline upon two pristine, oceanfront acres,” a press release said. “The 2,400-square-foot guest house also sits upon its own two oceanfront acres and includes two bedrooms, one bathroom, an eat-in kitchen, lounge and continuous outdoor deck.”

Additional amenities include radiant heat walls and floors, five fireplaces, an infinity edge pool, spa and outdoor shower. The property allows for major expansion on both lots, as well as an additional swimming pool next to the main home. A private path leads to the beach.

Gary DePersia of Corcoran represented the seller in the off-market deal. For more information, visit primemanhattanresidential.com.

Southampton’s Roger Matloff Named on 2019 Forbes ‘Best-in-State Wealth Advisors’ List

Last month, Forbes recognized Southampton-based Roger Matloff on the “Best-in-State Wealth Advisors” list, as one of the 1,019 Merrill Lynch financial advisors included this year — the most of any firm.

“We are incredibly proud of Roger on being named to the list,” according to Dwight Mathis, managing director and Long Island East Market executive. “We believe Roger consistently demonstrates what it means to be a leader in the wealth management space and is dedicated to providing our clients with the highest level of service.”

The Forbes “Best-in-State Wealth Advisors” ranking was developed by SHOOK Research and is based on in-person and telephone due diligence meetings to evaluate each advisor qualitatively — a major component of a ranking algorithm that includes client retention, industry experience, review of compliance records and firm nominations — as well as quantitative criteria, such as assets under management and revenue generated for their firms.

For more information, visit forbes.com/best-in-state-wealth-advisors.

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