Hamptons Family Office
CHALLENGE: An executor and estate attorney required local know-how and expert advice in representing a client who had inherited a piece of protected wetland in Easthampton many years prior. The town of Easthampton was in the process of purchasing wetland parcels from individual owners. However, the estate attorney required guidance to propose a purchase price to the township for the unique property. SOLUTION: Morrel Hirsch & Advisors provided a thorough broker valuation as well as a formal appraisal to use in determining a fair market price for the land. RESULT: The executor was able to use our valuation to negotiate a sale with the town of Easthampton and was happy to be able to liquidate an otherwise unusable piece of land. Both parties have since referred multiple estate clients to us. The Executor was able to use our valuation to negotiate a sale with the town of East Hampton. The Family Office was happy to liquidate an otherwise unusable piece of land. Both parties have since referred multiple Estate clients to us. The Executor and the Estate's attorney required local know-how and expert advice in representing a client who had inherited a piece of protected wetland in East Hampton many years prior. The town of East Hampton was in the process of purchasing wetland parcels from individual owners. However, the estate attorney required guidance to propose a purchase price to the township for the unique property. Morrel Hirsch & Advisors provided a thorough comparative market analysis as well as a formal appraisal to use in determining a fair market price for the land.
Mansion | 317 Murray Place Southampton, New York | $57,500,000 | Sold by Morrel Hirsch & Advisors Photo: Mansion | 317 Murray Place, Southampton, New York | $57,500,000 | Sold by Morrel Hirsch & Advisors
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