Stephen Deckoff Of Black Diamond Capital Management Acquires Gosman’s Dock In Montauk For $34.35M

The property sold is a mixed-use portfolio known as Gosman's Dock, which spans nine properties over 11.6 acres located at 500 West Lake Drive in Montauk. The transaction was completed for a total price of $34,350,000, with the overall square footage of the combined assets totaling 48,145 square feet, resulting in a price per square foot of $713.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $34,350,000
• Address: 500 West Lake Drive
• Market: Montauk
• Asset Size: 48,145 SF
• Price Per SF: $713
• Buyer: Stephen Deckoff & Stephen E. Deckoff - Black Diamond Capital Management
• Seller: Gosman’s Restaurant & Bar LLC, Bob Gosman Co. Inc., Gosman’s Restaurant Bar Inc., & Harrington Property Associates LLC
• Brokers: Eric Michael Anton, Henri Kessler & Michael Tuccillo - Marcus & Millichap

Stephen Deckoff, founder of Black Diamond Capital Management, along with his son, plans to retain these iconic assets while collaborating with the Bagatelle Group from France to enhance the food and beverage offerings at the property.