Town Of Southampton Acquires Redwood Anchorage Marina In Sag Harbor For $7.5M

The property involved in the transaction is a marina located at 40 South Redwood Road in Sag Harbor, encompassing 1.7 acres. The sale price for this asset was $7,500,000. The marina features a 60-slip capacity, and the transaction was significant in preserving the public marina for local residents.

Summary of transaction details:

• Property Type: Marina
• Transaction Amount: $7,500,000
• Address: 40 South Redwood Road
• Market: Sag Harbor
• Acres: 1.7
• Brokers: Anthony Cerio, Jane Holden & Mitchel Natter - Brown Harris Stevens

The Redwood Anchorage Marina was sold to the Town of Southampton, ensuring it remains available for public use rather than being placed on the private development market. The brokers involved in facilitating this transaction were Anthony Cerio, Jane Holden, and Mitchel Natter, all representing Brown Harris Stevens in the deal.