The Real Deal New York

Late Goldman Sachs partner’s East Hampton home sells for $40M

Luxury real estate in the Hamptons has been sluggish
April 24, 2018 09:30AM

290 Further Lane in East Hampton (Credit: Sotheby’s)

The home of the late Goldman Sachs partner and former Metropolitan Opera Chairman James Marcus just sold for $40 million.

The East Hampton home on Further Lane was sold by Marcus’ widow, Ellen, the Wall Street Journal reported. Her husband died in 2015 at age 85, and the property was “too much house” for her, said Sotheby’s International Realty’s Frank Newbold, one of the listing agents.

The home features seven bedrooms, nine-and-a-half bathrooms, an oceanfront pool, an exercise pool and a rooftop viewing deck. The property is near Jerry Seinfeld’s house and the estate Jacqueline Kennedy Onassis spent her summers as a child, “Lasata.”

Newbold noted that the Hamptons luxury market has seen a slowdown this year.

“There is a volatility in the high-end Hamptons market that mirrors New York City to some extent,” Newbold said. “There are choices, and buyers will wait for the right property at the right price.”

Compass’ Ed Petrie represented the seller along with Newbold. Bespoke Real Estate’s Cody and Zach Vichinsky represented the buyer, who was not publicly identified. [WSJ] — Kathryn Brenzel