Patriots owner Robert Kraft buys Nir Meir’s Hamptons home for $43M

Lender previously tried to eject Meir from the home

Tri-State /
May.May 04, 2021 10:20 AM
40 Meadow Lane, Nir Meir and Robert Kraft (Google Maps, HFZ, Getty)

40 Meadow Lane, Nir Meir and Robert Kraft (Google Maps, HFZ, Getty)

The mystery buyer of former HFZ Capital executive Nir Meir’s Hamptons home has finally been revealed.

New England Patriots owner Robert Kraft purchased the estate at 40 Meadow Lane in Bridgehampton in an off-market deal for $43 million, according to the Wall Street Journal.

The property was at the center of litigation between Meir, who was previously a principal at HFZ, and the development firm’s founder, Ziel Feldman, along with the firm’s creditors.

The wealthy Fulton Cutting family owned the property — formerly home to a smaller cottage known as A Wee Lyr Mor — for decades, and listed it for $17.5 million in 2011. An LLC registered with HFZ’s New York office purchased the home for $10.5 million in 2013, records show.

The buyer then applied for a demolition permit to knock down the cottage and build a modern home, sparking pushback from neighbors and a lawsuit that temporarily stalled construction. The new home was eventually built in 2017.

Last December, an entity tied to the lender Monroe Capital filed a lawsuit seeking to eject Meir from the home. But he filed a countersuit in January, alleging that HFZ convinced the lender to participate in a scheme to fraudulently purport to “transfer” the property. Both complaints were discontinued in March.

The sale of the home was revealed in another lawsuit filed by a company tied to Yoav Harlap, an Israeli investor and one of HFZ’s lenders. The suit attempted to stop the sale of the home so that Harlap could collect on the proceeds to satisfy a debt. But the buyer of the home was not revealed at that time.
.
HFZ was once one of New York’s largest and most active condo developers, but now the company is battling liens, foreclosures, and numerous lawsuits.

A representative for Meir did not return a request for comment.

[WSJ] — Keith Larsen





    Related Articles

    arrow_forward_ios
    Judith Nathan, Rudy Giuliani and 353 Lopers Path in Water Mill (Getty, Google Maps)
    Rudy Giuliani’s ex-wife sells Hampton home for $5M
    Rudy Giuliani’s ex-wife sells Hampton home for $5M
    Of the 110 metro areas with at least half a million people, 29 saw losses in 2020. (iStock)
    More urban areas lost population in 2020
    More urban areas lost population in 2020
    Analyzing Manhattan Housing Market Reports
    Untangling Manhattan’s myriad market reports
    Untangling Manhattan’s myriad market reports
    (Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
    Renters prepare for eviction crisis as aid is held up
    Renters prepare for eviction crisis as aid is held up
    Lisa and Todd Sheppard with Compass CEO Robert Reffkin (Team Shep, Getty)
    Compass hit with another lawsuit from former agents
    Compass hit with another lawsuit from former agents
    168 Plymouth Street (Alloy)
    Brooklyn nets $125M in signed luxury contracts
    Brooklyn nets $125M in signed luxury contracts
    150 East 78th Street and 30 Park Place (150east78th, Thirty Park Place)
    More Manhattan luxury contracts have been signed in 2021 than in all of 2020
    More Manhattan luxury contracts have been signed in 2021 than in all of 2020
    A rendering of One Boerum Place with Avery Hall Investments' Avi Fisher (top) and Brian Ezra (SLCE Architects, Avery Hall Investments)
    Shifting gears: Brooklyn condo tower to debut as rental
    Shifting gears: Brooklyn condo tower to debut as rental
    arrow_forward_ios

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

    Loading...