Esprit founder sells one Sag Harbor home, seeks $13.5M for another

TRD New York /
May.May 01, 2019 05:17 PM

A 3,500-square-foot Sag Harbor home that once belonged to Jürgen Friedrich, founder of the fashion brand Esprit, had its sale close at nearly $5 million, according to 27east. The home at 31 Howard Street initially hit the market last fall for $5.95 million. That price had dropped to an even $5 million by the time it went into contract in March, Curbed reported at the time. The final purchase price was $4.75 million, according to Zillow’s Out East site. Friedrich bought the home with his wife, Anke, for $1.35 million in 2014. The couple renovated the home, which was built in 1843, with a number of interior updates, as well as adding a pool in the backyard and a pool house. Today the home has four bedrooms, three-and-a-half bathrooms, two living rooms and a chef’s kitchen. Rima Mardoyan Smyth and Ryan Struble of Douglas Elliman represented the Friedrichs on the sale, along with Susan Breitenbach of the Corcoran Group. The Elliman duo are also representing the Friedrich’s in the potential sale of another of their Sag Harbor properties at 20 Union Street, according to 6sqft. The 223-year-old home was allegedly once home to President Chester A. Arthur, who dubbed it the “Summer White House.” The renovated property hit the market in 2016 seeking $14.2 million, but late last year its price was slashed to $13.5 millionOut East shows that the home has been rented in July for $150,000. [27east]


Related Articles

arrow_forward_ios
Robert Futterman charged with DUI in Hamptons car crash

Robert Futterman charged with DUI in Hamptons car crash

Tri-State Promo

TRD’s Fall Tri-state issue drops soon!

Harry Macklowe (Credit: Getty Images)

Macklowe’s brazen Hamptons act recalls Times Square scandal

(Illustration by Ryan Inzana)

An inside look at the Hamptons’ new hotspots this summer

Bridgehampton compound sells to Arbor Realty Trust CEO at a $14M discount

Bridgehampton compound sells to Arbor Realty Trust CEO at a $14M discount

The former Montauk Yacht Club Resort & Marina on Star Island with Lloyd Goldman and George Filopoulos of Metrovest Equities (Credit: Getty Images)

The Hamptons hotel hopscotch

Hamptons Cheat Sheet: Developer halts auction of 236 Suffolk properties, Chris Cuomo’s Southampton home finds buyer … & more

Hamptons Cheat Sheet: Developer halts auction of 236 Suffolk properties, Chris Cuomo’s Southampton home finds buyer … & more

‘The Mooch’ buys in Manhasset, Christie Brinkley sells in Sag Harbor and more Hamptons & Long Island real estate news

‘The Mooch’ buys in Manhasset, Christie Brinkley sells in Sag Harbor and more Hamptons & Long Island real estate news

arrow_forward_ios
Loading...