Kurt Rappaport‘s latest big purchase is the next step in what he envisions as a massive mansion project in Brentwood.
The broker-turned-developer spent $11.75 million to acquire a 1-acre property on Highwood Street, according to the Wall Street Journal. David O’Connor, former CEO of Madison Square Garden Co., was the seller.
He will combine that parcel with an adjacent 2-acre spread he purchased in July, Journal reported, to build one massive estate. That property was once owned by Viacom chief executive Frank Biondi Jr.