The Real Deal New York

Price cut: Georgica Pond plot once owned by David Geffen now listed for $19.9M

August 07, 2018 05:46PM

A 1.64-acre property on the shores of Georgica Pond had its price cut for the first time since it hit the market, dropping by $3.6 million from its original ask of $23.5 million, Curbed reported. The property had been part of a 5.5-acre compound that media mogul David Geffen bought from Courtney Sale Ross for $52 million in 2014. Developers bought the compound from Geffen two years later, subdivided it and put the pieces back on the market. Two were sold for a combined $24 million, 27east reported in May. Bespoke Real Estate agents Zach and Cody Vichinsky are handling this listing. [Curbed]