Montauk Yacht Club Is Sold for $34 Million

The Montauk Yacht Club Resort and Marina on Star Island was sold for $34 million to Island Global Yachting, a Florida company that operates more than a dozen other marinas worldwide.
“We are thrilled to bring the legendary Montauk Yacht Club into the I.G.Y. collection world-class marinas,” Andrew Farkas, the company’s chief executive officer, said in a press release.