Daniel Gale Sotheby’s International Realty Team Represents Both Transaction Sides of Iconic Gansett Green Manor Sold for $6.175 Million
Posted by Kathleen Caputi — August 27, 2019
COLD SPRING HARBOR, NY - Daniel Gale Sotheby’s International Realty, one of the nation’s leading realtors, recently handled both sides of a transaction that sold Gansett Green Manor, a well-known as an iconic spot for a wedding or a laid back Hamptons summer vacation. Lisa Ferraro and Dana Forbes of Daniel Gale Sotheby’s International Realty listed and sold Gansett Green for their client, Leslie and Jed Feldman. Gansett Green Manor, located at 273 Main Street in Amagansett, was bought by WTI, Inc., (WTI) a private investment firm based in California.
Gansett Green Manor has remained open during the transition in ownership, actively welcoming guests and booking weddings and other events as usual. Sylvia Wong, director of WTI, Inc., is working side by side with the Feldmans until the end of the year to learn directly from them before implementing any changes. WTI’s intention is for the Gansett Green Manor property and venue to remain authentic. This is WTI’s first venture in the hospitality industry.
“Gansett Green's simplicity and authenticity particularly appealed to us,” said Ms. Wong. “The property is surrounded by farmlands and has beautiful grounds. It feels like you are away from the crowds but Gansett Green is in the heart of the village and in walking distance of two gorgeous oceanfront beaches.”“The former owners, Leslie and Jed, are beloved by Gansett Green's guests. We are putting together a memory book in their honor -- guests are invited to send well wishes and pictures that capture their happy memories at the hotel,” Ms. Wong added.
Leslie and Jed Feldman are equally enamored by Ms. Wong. "Sylvia is a ‘world wanderer‘ and an avid traveler and has always wanted to fulfill her vision of being an hotelier and share her favorite ‘travel secrets’ with her guests,” they said. “She has fallen in love with the Gansett Green Manor and will be a wonderful steward for the property. We are overjoyed to have found her!"
Gansett Green Manor, which occupies close to two acres, was once part of the Schellenger family homestead. The Schellengers were one of Amagansett’s first four families, settling in the area in 1690 and farming the acreage between Abrahams Path and Conklin Street on Main Street, extending back to Town Lane.
While the property was a working farm over many years, Gansett Green Manor has been operating as a hotel/wedding venue for close to 50 years. Several buildings on the property date back 100 years or more. The Innkeeper’s Cottage is approximately 125 years old and was at one time the main farmhouse. The barn dates from around the same time and the original hayloft pulley is still in place at the top of the barn.
The Captain’s Quarters is reputed to date circa 1765 and the smaller cottages were built pre-World War 2.
Buyer: WTI, Inc.
- Seller: Leslie and Jed Feldman
- Listing and selling brokers: Lisa Ferraro and Dana Forbes, Daniel Gale Sotheby’s International Realty had both sides of the transaction.
- 14 guest rooms in total
- Selling price $6.175 million
- Closed: July 2, 2019
About Daniel Gale Sotheby’s International Realty
Consistently achieving the highest average sales prices nationwide, Daniel Gale Sotheby’s International Realty is a $3.5 billion-dollar organization based on Long Island, N.Y. with more than 950 real estate advisors serving New York City’s metropolitan area with 25 sales offices in Queens, Nassau, and Suffolk counties, the North Fork of Long Island and Westhampton Beach. Our clients benefit from a 360 degree approach to integrative, innovative marketing reaching today’s home buyers and sellers through products and apps they love, providing almost instantaneous market data. We are the regional leader in New Development Sales and Marketing as the exclusive sales and marketing team for The Bridges at Whitestone in Queens and Kensington Estates in Woodbury; among other prominent new build communities. In 2018 Daniel Gale Sotheby’s International Realty had the top sale on Long Island (excluding the Hamptons); a $9.6 million waterfront home on Long Island’s Gold Coast. Our other services include a full Relocation/Referrals Division, Commercial and Rental Divisions, and Ambassador Abstract Title company. The Sotheby’s International Realty® affiliate for Long Island and Queens since 1976, Daniel Gale Sotheby’s has gained national and international recognition, including top honors for sales, marketing and technology worldwide. For more information, visit danielgale.com.
About WTI, Inc.
"WTI, Inc. is a private investment firm established in California over 25 years ago. Its real estate portfolio includes full or majority ownership interests in several large residential communities around the country and a 47-acre mixed use development project in Las Vegas. The Company's operations are funded by robust operating income and a strong balance sheet."