Hedge funder sells Hamptons home for $37M

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.

The sale comes as New Yorkers are racing to get out of the city amid the coronavirus pandemic. Many are decamping to second homes or pricey rentals in the Hamptons or South Florida.

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.

That record has since been beaten by his peer, Ken Griffin of Citadel, who purchased a 23,000-square-foot spread at 220 Central Park South for $238 million last year.
[WSJ] — Erin Hudson

Correction: A previous version of this article misspelled Rick Cook’s name.

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