How to Turn $630k Into $11 Million

According to The Hamptons’ busiest home flipper. Plus: the Knicks descend on East Hampton, an altruistic couple buys a huge swathe of the North Fork, and elite events.

The Sag Harbor economy is held up by roving packs of tweens and teens, who spend Friday nights bopping from the BonBon candy shop to BuddhaBerry to Flying Point Surf, swiping their parents’ cards like they’d earned it. The holy grails for these teens, still impervious to carbohydrates, are the garlic knots at Sag Pizza, which sell for $2 apiece.

Standing near a pack of girls in miniskirts snarfing some knots, I overheard them saying some Knicks were rumored to be on their way. Like Justin Bieber, who rented a house in the Sagaponack area this summer, Jalen Brunson and Josh Hart have become white whales. In June, the pair joked that OG Anunoby should float their Hamptons house, given his $212.5 million contract. Since then, Brunson has been spotted dining at Alex Rossi’s great new East Hampton spot Lion’s Nook Bar & Grill, at Duryea’s Montauk, and working out with East Hampton varsity ball players. Hart went to Babe’s Diner and posed for selfies. Something tells me they’re not staying in Anunoby’s guest room.

In other feel-good news, I was heartened by a North Fork couple buying 40 acres of Cutchogue land for nearly $10 million with plans to preserve it. Call them the anti-Solovievs. The Suffolk Times reports that their family trust is named “What Am I, a Farmer?” after a line from “30 Rock,” which makes me like them even more.

In today’s newsletter, for paid subscribers, a deep dive into the secrets of one of the most talked about home flippers in the Hamptons, Blythe Graham-Jones, plus our elite events of the week from Ballerina Farm matcha to rare Peter Hujar photographs.