Kessler of Marcus & Millichap selected to sell Gosman’s Dock/portfolio

Montauk, NY Marcus & Millichap has been selected to exclusively market for sale the Gosman’s Dock and Gosman family portfolio of properties and businesses.

The entire portfolio of 16 parcels is made up of three favorable zones - resort, waterfront and central business. This allows for further development of a hotel, resort, spa, condos or co-op residences, retail shops, bars, restaurants, nightclub and cultural venues, in addition to recreational and commercial marina uses.  The asset is listed for $50 million.

Access to Lake Montauk, Block Island Sound and the Atlantic Ocean make this opportunity ideal for a visionary developer / operator to create a year-round resort lifestyle destination.

“This is a once-in-a-generation value-add development opportunity to acquire approximately 15 acres of waterfront property in Montauk, Long Island,” said Henri Kessler, a Marcus & Millichap investment sales associate who is representing the seller. “I’m very pleased to be working with the Swon & Partners National Hospitality Group Team on this, they specialize in hotel investment sales in the Northeast with a national reach.”

Gosman’s Dock in Montauk was founded in 1943 by Robert and Mary Gosman. The Gosman family bought the original properties in 1950 and additional land in 1958.  Gosman’s Dock and properties are located at the end of West Lake Drive adjacent to the Montauk Harbor Inlet.