Today, in bonkers purchases: Not only did a man pony up $120,000 for a one-foot-wide slice of beach in East Hampton, he secured his tony property after an intense bidding war with another Manhattan financier. Even Suffolk County, which acquired the land a decade ago, was floored. It offered the 1,885-long sliver (which runs from Montauk Highway to the ocean) to the six people whose land touches it, for $10. Two of them, Marc Helie and Kyle Cruz, really wanted it. After 34 bids, Helie emerged the victor, Newsday reports.
The auction took place May 30, but the bid wasn't publicized until yesterday. What Helie gets, per Newsday: "narrow slivers of property on both the east and west sides of Cruz, who would have to walk on Helie's property to reach the ocean beach a few hundred feet away." No word on whether a public easement is in effect, but the county's property manager heard from those at the auction that "one guy really did not want the other one walking over his property to the water." Quips Josh Duboff for Vanity Fair, "If we were Bravo, we would get cameras down to this beach ASAP." (It's not the only unusual real estate deal to happen recently in the area: An NYC townhouse recently sold for $3.25 million—and it's pretty darn narrow, too.)