Hedge funder sells Hamptons home for $37M

Jana Partner’s Barry Rosenstein was initially asking $70M for the property

TRD New York /
Apr.April 20, 2020 03:50 PM
Barry Rosenstein and his Hamptons home (Credit: Aurora Rose/Patrick McMullan via Getty Images, Bespoke Real Estate) 

Barry Rosenstein and his Hamptons home (Credit: Aurora Rose/Patrick McMullan via Getty Images, Bespoke Real Estate)

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.


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
443 Greenwich Street and 157 West 57th Street (Wikipedia Commons, StreetEasy)

Manhattan luxury contracts slow as city reopens

Manhattan luxury contracts slow as city reopens
394 Vanderbilt Avenue (Douglas Elliman)

As weather heats up, Brooklyn luxury market doesn’t

As weather heats up, Brooklyn luxury market doesn’t
Donna Lennard of Il Buco (Getty, Il Buco NYC) 

Hungry, hungry Hamptons: NYC restaurants follow “gold rush”

Hungry, hungry Hamptons: NYC restaurants follow “gold rush”
The threat of eviction hangs heavily above immigrant families who have lost work as a result of the coronavirus pandemic. (Getty)

Eviction bans don’t always protect the most vulnerable

Eviction bans don’t always protect the most vulnerable
Seth Campbell (iStock)

Keller Williams to cut ties with top franchise owner following sexual harassment allegations

Keller Williams to cut ties with top franchise owner following sexual harassment allegations
Ghost Towers

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?

NYC’s ghost towers: How many Manhattan luxury condos are owned by people who don’t live there?
Manhattan homes flooded the market last week but buyers are nowhere to be found 

Manhattan homes for sale nearly doubled last week

Manhattan homes for sale nearly doubled last week
arrow_forward_ios

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

Loading...