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SOURCE Douglas Elliman Real Estate
Property Exclusively Listed and Marketed By Douglas Elliman Real Estate
NEW YORK, Sept. 20, 2013 /PRNewswire/ -- The sale of one water view Hamptons home, brokered by Douglas Elliman Real Estate, will rebuild ten new homes for victims of Hurricane Sandy. The home at 108 Westminster Road in Watermill was bequeathed to the nonprofit organization Habitat For Humanity New York City when it hit the market in June for $1.45 million exclusively with Douglas Elliman's Priscilla Garston and Alyra Hoffman. Just two months later, the home is now in contract for nearly the full asking price.
Habitat for Humanity New York City CEO Neil Hetherington says that all money earned in the sale will go toward rebuilding homes in Staten Island that were devastated by last year's Hurricane Sandy. The rebuild is part of the 2013 Jimmy & Rosalynn Carter Work Project that will take place in New York, beginning on October 6, and will involve more than 1,000 volunteers renovating homes in Queens and Staten Island. Former President Jimmy Carter and his wife, Rosalynn, are slated to view the Staten Island homes on Friday, October 11.
"This is an amazing thing that Habitat for Humanity is doing for those still suffering after Hurricane Sandy. I am so proud that Priscilla and Alyra worked to secure the best possible outcome for all parties. Habitat for Humanity is a wonderful organization that does a lot of good for a lot of people and, as a firm, we are honored to have been a part of this transaction," said Douglas Elliman President & CEO Dottie Herman, who mobilized her own company-wide Hurricane Sandy relief efforts during and after the storm.
"The extraordinary thing about this is that the money earned from one single home, in one of the most luxurious markets in the country, will provide enough funds to build 10 homes for those in need in Staten Island," added Mr. Hetherington. The late owner, Sarah Rubenstein, bequeathed the home to Hetherington's organization, which officially took over the title in June.
Built on point-three acres, the 3 bedroom, 2 bath house sits on some of the most coveted land in the Hamptons. Located south of the highway, the property has neighborhood dock rights and water access on Calf Creek all the way to Mecox Bay. There is ample room to add a pool and expand the current footprint. The second floor boasts beautiful water views.
"We knew this sale was going to help a lot of people in the end, and that's why we assessed it at a price we thought was fair and aggressively promoted it. We are so pleased with the outcome; it's a true happy ending," said Ms. Garston and Ms. Hoffman.
About Douglas Elliman Real Estate
Douglas Elliman Real Estate is New York's largest residential brokerage, with over 70 offices in New York City, Long Island, the Hamptons ,Westchester/Putnam, and South Florida and more than 4,000 real estate agents and a network of national and international affiliates. They are strategic partners with London-based Knight Frank LLP for residential business in all of their New York markets. Douglas Elliman ranked in the top four of all real estate companies in the nation in 2007, 2008, 2009, 2010, 2011, and 2012. The company also controls a portfolio of real estate and homeowner services, including Manhattan's largest residential property manager, Douglas Elliman Property Management, as well as DE Title and DE Capital Mortgage. For more information on Douglas Elliman as well as expert commentary on emerging trends in the real estate industry, visit the Douglas Elliman site at www.elliman.com
About Habitat for Humanity New York City
Habitat for Humanity New York City transforms lives and our city by building quality homes for families in need and by uniting all New Yorkers around the cause of affordable housing. With the help of thousands of volunteers every year, Habitat NYC has built more than 260 affordable homes in the five boroughs of New York City. To learn more, please visit Habitatnyc.org.
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