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

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
313 Three Mile Harbor Road in East Hampton (Out East)
Hedge funder Heath Freeman buys East Hampton restaurant for $4M
Hedge funder Heath Freeman buys East Hampton restaurant for $4M
George Filopoulos, Lloyd Goldman and Gurney’s Montauk hotel  (Gurney's, Getty)
Metrovest, Lloyd Goldman secure $218M refi on Montauk resort
Metrovest, Lloyd Goldman secure $218M refi on Montauk resort
Bridgeton Holdings lists its 2 East Hampton hotels
Bridgeton Holdings lists its 2 East Hampton hotels
Bridgeton Holdings lists its 2 East Hampton hotels
59 Montauk Highway in Westhampton, NY (Google Maps)
Italian restaurant, complete with 115-year-old castle, hits market
Italian restaurant, complete with 115-year-old castle, hits market
270 W Montauk Hwy, Hampton Bays, NY (Loopnet)
Legendary Hampton Bays bar up for sale
Legendary Hampton Bays bar up for sale
Just-sold Shelter Island hotel borrows $17M for transformation
Just-sold Shelter Island hotel borrows $17M for transformation
Just-sold Shelter Island hotel borrows $17M for transformation
 The Ocean Surf Resort at 84 S Emerson Avenue and Sands Motel at 71 South Emerson Avenue (Photos via Nest Seekers)
Two Montauk hotels hit the market asking combined $71M
Two Montauk hotels hit the market asking combined $71M
Retailers rush to open in the Hamptons
Retailers rush to open in the Hamptons
Retailers rush to open in the Hamptons
arrow_forward_ios

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

Loading...