One-Foot-Wide Path to Hamptons Beach Sells for $120,000 | Bedford Hills Real Estate

-
Ordinarily, when Suffolk County, New York, takes over a small piece of land for back taxes, they like to sell it off cheap. As in, maybe ten bucks. But when the little piece of land is a path that leads to a beach in the Hamptons … well, things may take a different course, reports Newsday (“Bidder buys 1-foot-wide strip of Napeague land for $120,000,” by Mitchell Freedman).
Reports Newsday: “The battle royale began after Suffolk — which acquired the wooded ribbon of land in 2003 for nonpayment of taxes — tried to sell the property in Napeague to any of the six adjoining land owners for $10. Four of the owners didn’t respond to the offer to submit a bid but the other two were so interested the county set up a face-to-face auction and imposed a $1,500 minimum bid.”
Marc Helie (of Manhattan firm Chevalier Investments, LLC) and Kyle N. Cruz (a managing director at Centerbridge Partners LP in Manhattan) jumped quickly to bids of $5,000, $12,000, and $17,000. Cruz folded after Helie saw his $115,000 and raised it to $120,000.
The parties aren’t talking about what they saw in the slender property. But SuffolknCounty official Wayne R. Thompson commented: “I gathered one guy really did not want the other one walking over his property to the water.”



Bedford New York Real Estate | Bedford NY Homes by Robert Paul Realtor » Blog Archive » One-Foot-Wide Path to Hamptons Beach Sells for $120,000 | Bedford Hills Real Estate

Comments

Post a Comment

Popular posts from this blog

Four Regional Banks Discuss Settlement Over Foreclosures | Waccabuc Real Estate

-
Image
U.S. state attorneys general are pressing four banks to accept a legal settlement over botched foreclosures similar to a deal reached with larger competitors this year, according to three people briefed on the matter. U.S. Bancorp (SFBC) , PNC Financial Services Group (PNC) Inc., SunTrust Banks Inc. (STI) and HSBC Holdings Plc (HSBA) have held talks with state and federal officials who investigated claims that loan servicers mishandled foreclosure documents, according to the people, who spoke on condition of anonymity because the talks are private. U.S. Bancorp Said to Join PNC in Talks on Mortgage Settlement Jeff Kowalsky/Bloomberg Mortgage servicers typically handle billing and collections, as well as foreclosures when borrowers fail to pay. Neil Brazil , a spokesman for HSBC’s North America unit, said in an e-mail that the London-based lender has conducted “preliminary discussions with its bank regulators and other ...
Read more

Bedford Corners Real Estate by Robert Paul | 3 Perks of Google+ for Doctors: Spend a Little Time, Make Big Online Marketing Gains

-
Image
For doctors trying to reach their patients online, using Google+ can provide surprising marketing benefits that help them be more “findable” on the web. Consider that 44 percent of all Internet users search online to find information about health professionals, and suddenly the importance for doctors of having a good online presence should be more clear. In this article I’ll discuss three reasons why I think that, if you participate in Google+, the newest social network, you can improve the chances your name will come up when prospective patients search for something you’ve written about. If you’re not a doctor but you do know that many prospective clients use the web as a way to find you and your competitors, this article will also be relevant to you. 1. Rise in the Rankings First, participating in Google+ gives doctors an advantage because content you share on Google+ has an “edge” against other stories. That’s right–Google (the search engine) likes stories that’ve gotten sha...
Read more