Today in Excessive Spending: Man Pays $120,000 for One-Foot-Wide Strip of Hamptons Beach

Josh Duboff


In what seems like a story ripped straight out of an Adam Sandler/Kevin James movie, two Manhattan financiers dueled in court yesterday for the rights to an extremely narrow strip of land in the Hamptons. The land in question-located on a beach in East Hampton-is just one foot wide and stretches 1,800 feet from the beach to the highway. It was originally for sale for $10, but, when it became clear there were two men "so obsessed" with the territory, Suffolk County organized an auction between the neighbors to duke it out.

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Marc Helie-a former trader at Merrill Lynch-and Kyle N. Cruz-a managing director at Centerbridge Partners-bid back and forth 34 times, before Helie ended up victorious with a $120,000 bid.

The Post explains that Helie's victory will now effectively block out Cruz's beach access. The land, which runs alongside both men's beach homes, appears to give Helie pieces of land on three sides of Cruz's property, effectively blocking off his access to the beach, the report shows.

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County officials speculated that the winning bidder did not want anyone traipsing by their yard on the way to the water. If we were Bravo, we would get cameras down to this beach ASAP.

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