Southampton, NY Meridian Investment Sales has been exclusively appointed by the debtor to sell a substantially completed waterfront condominium project in the Town of Southampton through a bankruptcy court ordered sale. Senior executive managing directors, Amit Doshi and David Schechtman, and managing director, Shallini Mehra, have been retained by all parties.
Ponquogue Point, located at 68 Foster Ave., is a 21-unit package of luxury waterfront condos that includes a 300-ft.-wide dock for six boat slips and sits on 3.5 acres in the Hampton Bays area of Long Island. The property was constructed in 2014 and offers unparalleled views overlooking Shinnecock Bay. The property’s amenities include a swimming pool, bocce ball court, and onsite parking. The project is 80% to 90% complete.