Marcus & Millichap Facilitates $34.35 Million Sale of Nine-Property Mixed-Use Portfolio in Montauk, Long Island

Reuters
05-22
Marcus & Millichap Facilitates $34.35 Million Sale of Nine-Property Mixed-Use Portfolio in Montauk, Long Island

Marcus & Millichap Inc. has successfully brokered the sale of Gosman's Dock, a nine-property mixed-use commercial real estate portfolio in Montauk, New York, for $34.35 million. The portfolio, spanning 48,145 square feet on 11.6 acres, was sold to Stephen Deckoff, founder of Black Diamond Capital Management, and his son, Stephen E. Deckoff. The buyers plan to preserve the property while enhancing its food and beverage offerings in collaboration with the Bagatelle Group. The transaction includes various amenities, such as restaurants, retail stores, residences, and the potential to build a 46-room hotel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Marcus & Millichap Inc. published the original content used to generate this news brief on May 21, 2025, and is solely responsible for the information contained therein.

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