Goldman Sachs CEO Lloyd Blankfein just purchased an estate on Ocean Road in Bridgehampton that was listed for $32.5 million, the New York Post reported.

The estate, which sits on some 7.4 acres, is composed of a seven-bedroom, 8,000-square-foot main house, a pool, tennis court and a large parcel with plenty of room to add a second structure.

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The estate does not feature direct ocean access. “This purchase is all about the property,” a source told the Post. “There is no water at all. But Lloyd isn’t really an oceanfront person. He wanted a big property.”

The sellers are Ellen Chesler, a senior fellow with the Roosevelt Institute, and retired lawyer Matt Mallow. [NYP, 2nd item] —Christopher Cameron