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East Hamptonís Cavagnaro Complex Sells For $5M

Nicole B. Brewer

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The commercial property, built in 1923 by Albert Cavagnaro, was on the market for several years and includes three retail stores, eight apartments, a four-car garage, and separate one-family house. (Courtesy Photo)

Jacqueline Kennedy Onassis, Jackson Pollack, and Billy Joel were all regulars at the Cavagnaro Bar & Grill and Cavagnaro Deli, part of East Hampton's landmark Cavagnaro complex on Newtown Lane that just sold for $5 million. Hamptons real estate broker Alan Schnurman of Saunders & Associates closed the deal and remarked in a statement, "This is the most well-known building in East Hampton."

The commercial property, built in 1923 by Albert Cavagnaro, was on the market for several years and includes three retail stores, eight apartments, a four-car garage, and separate one-family house. The complex is currently rented by the likes of Mary's Marvelous, a gourmet shop known for brownies.

"It's a pleasure to have sold this high-profile complex after it has been on the market so long," says Schnurman who has been buying and selling properties in the Hamptons for years.


Nicole, an award-winning journalist, is Executive Editor & Publisher of Hamptons.com where she focuses on celebrity interviews, fine living and design, social events, fashion and beauty. She lives on the North Fork with her husband, their two daughters, and Bernese Mountain dog, Cooper. www.hamptons.com HamptonsOnline NicoleBBrewer NicoleBBrewer NicoleBBrewer




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Guest (John Clarke) from Mercer county says::
If you shell out money in the Hamptons its never too much! Any upscale community is wonderful to hold such an event, my upscale community was Strafford and I couldn't even stand over a counter before we tried Carmel Indiana well, my folks thinks it's upscale.
Oct 16, 2013 1:31 pm

 

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