112-year-old East Hampton home gets a $2M price chop

TRD New York /
Sep.September 12, 2018 11:44 AM

Jack Grubman, the former managing director of the investment bank Salomon Smith Barney, just lowered the price of his 7,000-square-foot East Hampton home by more than $2 million, from its original $16.9 million ask, Curbed reported. Grubman bought the property for $7 million in 2000 and is now listing it for $14,495,000. The home, built in 1906, has seven bedrooms, six bathrooms, two half bathrooms, vaulted ceilings in the living room, a paneled library, an eat-in kitchen, a fireplace and a private sun porch. In 2002, Grubman renovated the whole thing and built a 1,200-square-foot guest house with a double-height great room, bluestone floors, a full kitchen and a bedroom suite. The property also has a heated pool, a Har-Tru tennis court and a three-car garage. Frank Newbold and Beate Moore of Sotheby’s International Realty are handling the listing. [Curbed]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash
A new report finds that Hamptons prices skyrocketed as demand outpaced supply this year (iStock)

Report details Hamptons rental boom

Report details Hamptons rental boom
Ron Perelman and his estate in the Hamptons (Getty; Google Maps)

Ron Perelman mulls listing Hamptons estate for $180M

Ron Perelman mulls listing Hamptons estate for $180M
Renters continue their tri-state bookings, eliminating the post-Labor Day slowdown (iStock)

In Hamptons and elsewhere, season no longer ends on Labor Day

In Hamptons and elsewhere, season no longer ends on Labor Day
32 Windmill Lane and Andrew Saunders (Realtor)

Hefty prices, robust sales: Hamptons market thrives in Q2

Hefty prices, robust sales: Hamptons market thrives in Q2
Chopper ride-sharing services are seeing increased demand for Hamptons helicopter route as wealthy New Yorkers book commutes to Manhattan (Illustration by The Real Deal; iStock)

Chopper rides from Hamptons fly off the shelves as Covid changes plans

Chopper rides from Hamptons fly off the shelves as Covid changes plans
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
Corcoran's Pam Liebman and Bespoke's Cody and Zachary Vichinsky. Inset (clockwise from left) Zibby Schwarzman, Vera Wang, Barry Weiss, Mohammed Grimeh, and Ian Snow (Getty, Abana, Wikipedia Commons; Liebman by Sasha Maslov)

Corcoran exposes Bespoke’s little black book in Hamptons legal battle

Corcoran exposes Bespoke’s little black book in Hamptons legal battle
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...