Local Island Sells at a Discount

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What the Times described as "a tiny lump of rock in Long Island Sound" sold at auction for $160,000 on Sunday. The seller had been looking for $300,000. However, the property presents what Realtor Ozzie Crisalli called some "unusual challenges": "Much of it is submerged at high tide; there is no power or water; and any potential development would require clearance from a raft of public entities." Also, it is called "Rat Island." [City Room/NYT]