One of Montauk's last bastions of affordable seafood has been scooped up by yet another set of deep-pocketed investors, but the father-and-son buyers are vowing to keep the place budget-friendly, Sidedish learns. Understood.
Gosman's Dock, named for the family that ran the original Montauk home for 80 years, was sold last month to Stephen Deckoff and his son, Stephen E. Deckoff.
The deal for an undisclosed price comes after the elder Dekoff recently purchased the notorious “pedophile island” owned by convicted sex trafficker Jeffrey Epstein in the U.S. Virgin Islands. This was subsequently carried out.
The Gosmans have some of their own legal baggage after two members of the family were convicted of illegal commercial fishing, but they are a must-see for local residents as well as summer tourists, including the Deckoff family. It has become an indispensable presence.
“Montauk and eastern Long Island have played an important role in my family’s life for decades, with my son Stephen establishing a significant business presence on the iconic Gosman property. I’m excited about the opportunity,” said his father, who founded Black Diamond Investment Group. said in an exclusive interview with Side Dish.
Waterfront complex that started as a chowder stand in 1943 The property consists of nine separate parcels including a large seafood restaurant, six retail stores, a wholesale and retail fish market, housing for seasonal staff, a marina, fishing charters, boat rentals, and open space spanning 11.6 acres in Montauk Harbor. It has been.
The acquisition includes an option to build a 46-room hotel, a major incentive given that permits for new construction in the East End are extremely rare.
Gosman's Dock was last asking $45 million. It has been on and off the market since 2006, and its asking price at the time was $55 million. The Deckoffs said they paid less than $45 million. Suggested price.
“I think we were attracted to the value that we could acquire and the fact that it's a beautiful piece of real estate on the water,” said Stephen E. DeKoff.
The Deckoffs said they plan to preserve the property unchanged to keep prices affordable.
The dock is expected to reopen next April without major changes for the season, with refurbishment work expected to begin after the summer crowds have passed.
The Gosman name remains, and some Gosman names remain. Family members are expected to help run various businesses.
“Everyone is worried that someone is going to come in and destroy the charm of Montauk that we love, but that's not our intention. We are committed to making Montauk great. I’m working on it,” the younger Deckoff said.
Father and son spent their childhood summers in the Hamptons and still spend each August anchoring their 80-foot sport fishing boat in Montauk.
“I remember eating a lobster roll at Gosman’s for the first time when I was a kid,” my son recalled.
“We strive to cater to both the local market and those from other areas of New York and the Hamptons. [the assets] There are no major changes to pricing. ”
But two members of the Gosman family, Brian and Asa, may not be on the docks next year.
two people Pleaded guilty to one count of conspiracy in 10-year criminal investigation into illegal commercial fishing He is scheduled to be sentenced on November 12th in federal court in Central Islip.
The Gosmans must pay $725,000 in restitution.
their friend Christopher Winkler was sentenced to 30 months in prison in July. Charges of illegally taking 200,000 pounds of fluke and black sea bass worth at least $750,000.
Gosman's sale comes after other private equity groups have acquired waterfront hotels in Montauk.
Once known as the “Un-Hamptons” for its rustic charm, most of the iconic family-owned businesses have been usurped by the large sums of money flowing into the still-vibrant fishing town.
In 2022, Blue Flag Partners paid $35 million for two major purchases near Gosman's Dock: $15 million for Montauk Haven and $13.5 million for Sunset Montauk. The deal included two adjacent parcels and three beach lots.
That same year, Gurney's Star Island (not to be confused with the famous Gurney's Resort) was sold to Safe Harbor Marina for $149.4 million. This was the largest commercial transaction in the history of the Hamptons.
The facility is now known by its original name, Montauk Yacht Club.
