|
Affordable Housing In The Hamptons |
|
From The New York Times Real Estate Magazine
May 22, 2005
By Valerie Cotsalas
|
Near Hampton’s,
but at a Lower Price
“Bryan Whalen of Whalen Builders in
Hampton Bays said the best time to
buy one of his homes is before it's
built. "Prices keep going up so
rapidly," he said. "We'll advertise
at one price, and then three months
later the price has jumped."
Mr. Whalen has nearly completed two
homes on West Tiana Road, a street
that borders the bay and is dotted
with for-sale signs, summer rental
cottages and a new condominium
building. One of his two-story
colonials has sold for $550,000, he
said, and the other is under
contract at that price.
At least six real estate agencies
have offices along Main Street, and
Allan Schneider Associates opened a
Westhampton office in recent months
that also covers Hampton Bays. "It
shows that we're looking west," said
Felicitas Kohl, a real estate agent
at Allan Schneider. |
|
|
A Rare
Niche: New Homes for Rent |
|
From The New York Times
September 4, 2005
By Valerie Cotsalas
|
Bryan Whalen, president of
Whalen Builders, based in Hampton
Bays, plans to hold on to some of
his newly built Hampton Bays homes
to have rental income during lean
times. "If the economy turns, we'll
definitely rent them," Mr. Whalen
said. "If the economy stays strong,
accountants say you might want to
hold a few for rental, so you don't
pay the capital gains tax on all of
them in the same year."
He said the rents would probably
range from $2,400 to $2,600 a month
for a new four-bedroom home.
Articles Courtesy of the New York
Times Online |
| |
|
Articles courtesy of the New York
Times Online |
| |
|
|
|
|
|
|
10 St. Andrews Road West
Southampton, NY
2100 Sq Ft Post Modern
Asking $859,000
Automatic Sprinklers, Sod, Landscaping
1.3 Acres
Ready to Move In
|
|
|
|
|
