Michael Rubin buys Ziel Feldman’s $50M Hamptons mansion

Online retail mogul closed off-market deal late last year

Tri-State /
Jan.January 08, 2021 10:35 AM
Michael Rubin, HFZ Capital Group’s Ziel Feldman and 187 Dune Road in Bridgehampton (Photos via Getty; Google Maps)

Michael Rubin, HFZ Capital Group’s Ziel Feldman and 187 Dune Road in Bridgehampton (Photos via Getty; Google Maps)

E-commerce retailer Michael Rubin is the buyer of a $50 million Hamptons mansion sold last month by HFZ Capital Group’s Ziel Feldman.

Rubin, a billionaire co-owner of the Philadelphia 76ers, has been on a luxury real estate shopping spree in recent years, Page Six reported. In 2018 he paid more than $40 million for a downtown Manhattan penthouse at 160 Leroy Street, a record price for below 14th Street.

The property Feldman unloaded, at 187 Dune Road in Bridgehampton, last sold in 2000 for $4.35 million. A 2014 fire led to arson charges against the former broker, David Osiecki.

Feldman built the 8,000-square-foot-house in 2014. It has seven bedrooms, four bathrooms and a pool.

The sale of Feldman’s manse comes as his firm grapples with lawsuits alleging unpaid bills and defaulted loans at its condo projects. During the upheaval at the firm, Feldman’s former business partner, Nir Meir, abruptly departed the firm, and one of HFZ’s lenders was seeking to oust Meir from his Hamptons home.

In November, Feldman listed his penthouse at the Marquand condominium for $39 million.

Rubin dropped out of Villanova University and started GSI Commerce, which he sold to eBay in 2011 for $2.4 billion, but kept sports merchandise company Fanatics as well as Rue Gilt Groupe and ShopRunner in the deal, according to Forbes, which estimates his net worth at $3.5 billion.

[Page Six] — Georgia Kromrei


Related Articles

arrow_forward_ios
Yorgos Tsibiridis
Hamptons agent Yorgos Tsibiridis jumps to Compass
Hamptons agent Yorgos Tsibiridis jumps to Compass
Photos from the 60s of John Steinbeck and his poodle Charley on their property. (Getty)
Sag Harbor pessimistic on preserving Steinbeck retreat
Sag Harbor pessimistic on preserving Steinbeck retreat
(Getty)
Summer camps can reopen, but much remains unknown
Summer camps can reopen, but much remains unknown
An aerial of the project site at 1205 Majors Path in North Sea (Photo via Google Maps)
Southampton demands EIS for contentious condo project
Southampton demands EIS for contentious condo project
Progress Capital partner Brad Domenico and the development at 136 Summit Avenue (Photos via Progress Capital)
Jersey City development advances with $30M construction loan
Jersey City development advances with $30M construction loan
Chris Whittle and his East Hampton estate (Photos via Trulia and Meridian)
Education entrepreneur relists East Hampton estate for $95M
Education entrepreneur relists East Hampton estate for $95M
Truck Beach (Facebook via Safe Access for Everyone)
Court delivers twist in East Hampton beach saga
Court delivers twist in East Hampton beach saga
Kelly Dodd, Rick Leventhal and their hamptons home. (Getty, Elliman)
Real Housewives star, Fox News reporter list Hamptons home
Real Housewives star, Fox News reporter list Hamptons home
arrow_forward_ios

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

Loading...