Though Barry Rosenstein will almost double his money, the sale of his East Hampton property won’t yield as much as he’d once hoped.
The chief executive of the activist hedge fund Jana Partners is selling his 14,000-square-foot home for $37 million in an off-market deal, according to the Wall Street Journal. Rosenstein first listed the property in 2017 for $70 million.
The property includes a 62-foot lap pool, a two-bedroom guest house and a building with an exercise room and office. The main house, designed by Rick Cook of CookFox Architects, was custom built for Rosenstein. It has seven bedrooms.
Rosenstein bought the 1.5 acre oceanfront estate in 2005 for $19.2 million. The identity of the buyer is not known.
When the hedge funder initially put it up for sale almost three years ago, a representative said he was moving to a bigger property.
Rosenstein is no stranger to headlines when it comes to his Hamptons homes. In 2014, he set the record for buying the most expensive home in the country when he snapped up another property on East Hampton’s Further Lane for a cool $137 million.
Correction: A previous version of this article misspelled Rick Cook’s name.