Lopers Lane | Southampton, NY
Brickman, in partnership with a local real estate developer in the Hamptons, purchased four vacant zoned lots with the plan to approve and obtain building permits to allow for the construction of three homes on the Property. The Property is located in the desirable village of Bridgehampton, within the town of Southampton. The basis per lot is attractive and the carrying costs are minimal. Brickman, along with its partner, believes that the town of Southampton faces competitive barriers to entry due to stiff zoning and entitlement issues, thereby helping to maintain the property's value.
Property Details
- Property Type
- Resort
- Investment Type
- Equity
- No. of Lots / Acres
- 4 / 19
- Investment Date
- Nov-07