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[Update] East Hampton Estate Bought For Record $147 Million


By

Ben Yakas

Published May 3, 2014

Modified May 3, 2014


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Who is the mystery buyer?

 


By

Ben Yakas

Published May 3, 2014

Modified May 3, 2014


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The Hamptons is a magical place where $25K bottles of champagne are chilled during a 10,000-foot free-fall and served by a skydiver and rogue turtles terrorize 7-Eleven parking lots. So if you had $147 million burning a hole in your $147 million pockets, wouldn't you pay a record amount of money to get in on that action?

According to the Post, a mystery buyer has bought an 18-acre estate in East Hampton for exactly that amount, which set a new record for the highest priced residential sale in the country (the previous record was $120 million for the 50-acre Copper Beech Farm in Greenwich). The beachfront property, which includes multiple gardens and ponds, was previously owned by Christopher H. Browne, former managing director of the Tweedy, Browne Company investment firm, and his partner, architect Andrew Gordon. Browne died in December 2009, and Gordon died last September.

Browne's family was able to sell the property on their own, leaving in their wake a line of crestfallen brokers. But the real question now is who bought it: for whatever reason, the buyer didn't want their name revealed. So in pursuit of truth, we've compiled a very legitimate list of possible mystery buyers:

Disappointing Update: The mystery buyer has now been revealed to be Barry Rosenstein, hedge fund manager of Jana Partners. Also, the amount he paid turned out to be $147 million, not $145 million. Overall, this is a very disappointing development, although it's still possible that Rosenstein is Zuul in disguise, and/or a front for Bloomberg. Once again, Hank Pym has been ignored in all this.

Tagged

all the money

ant-man

east hamptons

lots of money

money

mysteries

real estate

original


Ben Yakas

Ben Yakas is a former Gothamist reporter.

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Gothamist is funded by sponsors and member donations


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