Montauk, N.Y. — Marcus & Millichap has brokered the $34.4 million sale of Gosman’s Dock, a nine-property mixed-use portfolio located on the eastern shore of Long Island in Montauk. Gosman’s Dock — which totals 48,145 square feet — features four restaurants, six retail stores, four staff residences, a fish market, fish charter facilities, marina, boat rental site and parking. The sale also includes a vacant land parcel with the option to build a 46-room hotel.
The buyers, Stephen Deckoff, founder of Black Diamond Capital Management and his son Stephen E. Deckoff, plan to upgrade the food and beverage offerings at the property in partnership with French hospitality group Bagatelle.
Henri Kessler, Michael Tuccillo and Eric Anton of Marcus & Millichap represented the sellers, an entity doing business as Gosman’s Restaurant & Bar LLC- Bob Gosman Co. Inc. – Gosman’s Restaurant Bar Inc. and Harrington Property Associates LLC, in the transaction.