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Press Release
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Contact: Nick Derasmo (212.841.7505) |
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Sonnenblick Goldman Selected to Offer for Sale
Two Landmark Waterfront Resorts in Long Island
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Monday, July 24, 2006
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New York, NY
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Sonnenblick Goldman has been exclusively retained to offer for sale two waterfront resort properties in Long Island, NY: the Montauk Yacht Club Resort & Marina located in the Hamptons, and the Danfords on the Sound Hotel, Conference Center & Marina located adjacent to the Ferry Terminal in Port Jefferson.
The Montauk Yacht Club Resort contains 49 acres of spectacular waterfront real estate with a significant amount of underutilized land. The resort features 107 guestrooms, 12,100 square feet of meeting space, several waterfront dining outlets, an expansive outdoor venue, indoor and outdoor pools, nine tennis courts, and a new full-service spa. The resort also features the largest marina operation on Long Island with 232 boat slips and was named one of the “Top Ten Marina Destinations in North America” by Yachting Magazine.
Danfords on the Sound features an irreplaceable waterfront location with unobstructed views of the Long Island Sound. The conference center hotel is located 55 miles east of New York City and is convenient to businesses located in Long Island, Westchester, Connecticut and New Jersey. The hotel features 86 rooms and suites, approximately 10,500 square feet of meeting space, and unparalleled harbor-side dining. The property also contains the 75-slip Danfords Marina, one of the most exclusive marinas on the North Shore of Long Island.
“The unencumbered nature of the offering of both properties allows new owners total flexibility to reconfigure each property for a variety of potential uses,” said Mark Gordon, managing director and principal of Sonnenblick Goldman. “New ownership can explore developing additional facilities at both the Montauk Yacht Club and Danfords on the Sound, further enhancing the market appeal and profitability of each property.”
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Sonnenblick-Goldman, LLC is the industry’s leading independent real estate investment banking firm. Founded in 1893 to serve the financing needs of the real estate industry, Sonnenblick-Goldman, LLC provides a full range of financial services, including debt and equity placements, joint ventures, investment sales and advisory services. Headquartered in New York, Sonnenblick-Goldman maintains offices in San Francisco, Boston, Hong Kong, Shanghai, Sydney and Tokyo. Further information can be found at Sonnenblick-Goldman, LLC’s website at www.cushwake.com/sonngold.
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