The Post runs through some of the commercial properties that are for sale in Montauk. They get some details wrong - such as the selling price of the Madoff house - but accurately convey the idea that Montauk has been "discovered" by developers (and not for the first time....). Montauk is one big wetland, so as always, and especially in Montauk, buyer beware and make sure you are working with brokers and attorneys with a real understanding of the relevant zoning laws...
Meanwhile, real-estate investor Andrew Farkas, who bought the Montauk Yacht Club, a 35-acre resort and marina, in 2006, has spent millions refurbishing it, but the town council reportedly will not allow him to deepen the harbor to allow mega yachts to come in.
"He's pissed, and has unofficially put the property on the market," said one broker. Farkas declined to comment.
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