The iconic Gosman’s Dock in Montauk, known for being the heart of the fishing industry, has been sold for a total of $33,082,868 to billionaire Stephen Deckoff. The sale includes nine parcels totaling nearly 12 acres and was listed at $45 million by Marcus & Millichap in March of 2023. The properties have been home to the Gosman family’s businesses since 1943, including restaurants, retail stores, a wholesale lobster and fish business, and staff housing. The sale follows the death of John Gosman Sr., the family patriarch.
The largest parcels in the sale include two waterfront properties, 484 and 500 West Lake Drive, with the former housing the Topside restaurant and retail fish market. Other properties included in the sale have resort zoning, bungalows used for employee housing, and commercial buildings. The sale of Gosman’s Dock marks one of the biggest commercial trades on the East End in 2024.
This sale comes on the heels of other major commercial sales in Montauk, including Baron’s Cove in Sag Harbor Village and The Sands Motel in downtown Montauk. With the changing landscape of commercial real estate in the area, it will be interesting to see how these transactions impact the local community and economy. For further information or inquiries, contact tvecsey@danspapers.com. Stay updated on developments in the local real estate market by following Behind The Hedges on X and Instagram.
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