Posted 3/3/2024, 7:38:03 PM
$38 Million Hamptons Mansion Plagued by Permit Issues and Legal Complications
- Listed for $38 million by developer Harry Macklowe, but uninhabitable due to lack of occupancy certificate
- Built additions without permits, resulting in $500K in unpaid fines over wetlands violations
- Parallels Macklowe's history of developing properties without regard for regulations
- Estimated to be worth only $12-$15 million due to legal complications
- Sale allows new owner possession but not legal occupancy due to missing paperwork