One Foot-Wide Strip of Land in NY Sells for $120K
iStockphoto/Thinkstock(NEW YORK) — Suffolk County, New York, put a small parcel of land up for grabs recently, and officials figured it was worth a couple of bucks — 10, to be exact.
Newsday reports the 1,885-foot-long strip of land touched the property lines of a handful of residents of the tiny East Hampton town of Napeague, but only two — Marc Helie and Kyle N. Cruz — wanted the 12-inch wide parcel that ran from Montauk Highway to the Atlantic Ocean.
Soon, a bidding war was afoot, and a starting bid of a $1,500 quickly rose, before Helie emerged victorious over his neighbor with a $120,000 bid.
The odd — and oddly-expensive — patch of land basically boxes Cruz in on two sides, meaning he’d have to step over Helie’s property just to reach the beach a few hundred feet away from his own home.
The land went up for auction in May, but the records were just released, Newsday notes.
Copyright 2013 ABC News Radio
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