The Real Deal New York

Hamptons Cheat Sheet: East Hampton home of late Goldman Sachs partner sells for $40M … & more

By Aidan Gardiner | May 01, 2018 06:00PM

Clockwise from top left: Beachfront Southampton home lists for $53.5M, Martha Clara winery on North Fork sells $15M, East Hampton storefronts sit empty or under construction as summer approaches and East Hampton home of late Goldman Sachs partner sells for $40M.

East Hampton home of late Goldman Sachs partner sells for $40M
The Further Lane home of late Goldman Sachs partner and chairman of the Metropolitan Opera James Marcus sold to an unidentified buyer for $40 million, the Wall Street Journal first reported. The 10,000-square-foot home features seven bedrooms, nine-and-a-half bathrooms, 300 feet of ocean frontage, two pools and a roof deck. Frank Newbold of Sotheby’s International Realty and Compass’s Ed Petrie represented the seller, Marcus’s widow. James Marcus died in 2015 at the age of 85. Cody and Zach Vichinsky of Bespoke Real Estate represented the unnamed buyer. [TRD]

Hamptons housing prices stay flat with an average price of $995K in Q1
The broader residential market in the Hamptons remained flat despite a hop in the luxury market in the first quarter, according to Douglas Elliman. The median price was $995,000 — the same price for the first and last quarters of 2017. “Buyers haven’t been budging. It’s the sellers that have to decide if they meet the buyers at the market,” said the report’s author, Miller Samuel’s Jonathan Miller. The luxury median sales price hopped 27.5 percent year-over-year with an average price of $6.6 million. [TRD]

Beachfront Southampton home lists for $53.5M
A 10,000-foot waterfront home in Southampton is on the market for $53.5 million. The home, which is represented by Harold Grant of Sotheby’s International Realty, has six bedrooms, nine-and-a-half bathrooms, a chef’s kitchen, wine storage, a media room, a heated pool and other amenities. The three-acre property also features 535 feet of ocean frontage. An LLC most recently bought the home back in 2005 for $24 million.  [Curbed]

Martha Clara winery on North Fork sells for $15M
A prominent Mexican wine-making family bought the 205-acre Big E Farm in Jamesport on the North Fork for $15 million. The Rivero-González family bought the farm, from the Entenmann family of baked goods fame. The farm, which contains the Martha Clara winery, features 113 acres of vines, horse pastures, nine barns and a 10,236-square-foot manor house. Sheri Winter Clarry of the Corcoran Group represented the Entenmanns. [Bloomberg]

East Hampton storefronts sit empty or under construction as summer approaches
Summer is coming fast, but East Hampton’s business district is in flux. Some storefronts sit empty. Others are under construction. And others have simply moved. Some big name shops are due to move into the in-progress shopfronts, including an Audemars Piguet watch store and Aerin, an upscale lifestyle brand from Estee Lauder’s granddaughter. There are, however, two remaining high profile vacancies on the west side of Newtown Lane. [East Hampton Star]