New York & Tri-State + Long Island + Hospitality | March 22, 2023

Marcus & Millichap Lists Family-Owned Montauk Portfolio

Marcus & Millichap has listed the Gosman’s Portfolio, a 48,145-square-foot, nine-property portfolio located on 11.6 acres in Montauk, NY, at the eastern tip of Long Island. The assets include four restaurants, six retail stores, a wholesale lobster and fish business, four staff housing properties, a parking lot and vacant land. Pricing guidance for the portfolio is $45 million.

“Family-owned and operated for more than 70 years, the properties present investors with an opportunity to acquire 600 feet of unobstructed waterfront views in one of the nation’s premier vacation destinations,” said Henri M. Kessler with Marcus & Millichap in Manhattan. Kessler and Michael Tuccillo are representing the sellers.

“Zoned for waterfront, resort, and central business uses, the portfolio includes Gosman’s Dock, a marina and shopping complex in operation since 1943,” added Tuccillo. “The Gosman family purchased additional properties in 1950 and 1958.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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