Developing a ‘complex’

Hamptonites buy up pads

The ultra-rich are preparing for the long haul amid the pandemic by buying multiple “quarantine mansions” in the Hamptons to make space as their children return to hunker down with them.

Long Island’s toniest real-estate market is seeing a rise in “compounding,” a practice in which buyers snap up two — or even three — seven- and eight-figure homes on one street, Vanity Fair reported.

The trend began last year but has burgeoned since the start of the pandemic, said a Hamptons realestate agent who asked not to be identified.

“With so many adult kids leaving the city and moving into their parents’ homes, people feel they need more room,” the agent told the magazine.

“They can see this could be a long-term gig, having the kids live here with them. I have one client with a $10 million main house buying another one with a whopping price tag next door for the kids.

“I have another client who’s trading up — from a $5 million home to a $10 million one.”

Real-estate giant Corcoran’s second-quarter report, released last month, confirms a recent boom in Hamptons sales.

Closed sales for the quarter saw a 21 percent increase on the South Fork, the report shows, according to Vanity Fair.

And the Village of East Hampton’s sales volume soared by 292 percent, bolstered by multiple $15 million-plus deals.

“There’s no inventory,” the agent told the mag. “We’ve never had a market like this before. In every price range, $750,000 to $10 million, deals are ending in a bidding war and tears.”

Earlier this week, Gov. Cuomo said he had been pleading with wealthy New York City residents to come back from their secondhome retreats so they would still be paying the city’s special residential surcharge — which helps offset the state budget.

“I literally talk to people all day long who are now in their Hamptons house who also lived here, or in their Hudson Valley house, or in their Connecticut weekend house, and I say, ‘You got to come back! We’ll go to dinner! I’ll buy you a drink! Come over, I’ll cook!’ ” Cuomo said.

But Mayor de Blasio took a shot at Cuomo’s statement on Thursday and scoffed again on Friday.

“I am not going to beg anybody to live in the greatest city in the world,” the mayor said.