UPDATE: Property Said To Be Most Expensive Sale Appears To Be Three Separate Further Lane Parcels - 27 East

Real Estate News

Real Estate News / 1414514

UPDATE: Property Said To Be Most Expensive Sale Appears To Be Three Separate Further Lane Parcels

icon 5 Photos

DCIM100MEDIA

DCIM100MEDIA

DCIM100MEDIA

DCIM100MEDIA

DCIM100MEDIA

author27east on May 3, 2014

UPDATE: Monday, 4 p.m.

The parcel in question appears to be a combination of three lots 60, 62 and 64 Further Lane.

According to the East Hampton Town assessors’ office, the largest of the three is 62 Further Lane, 8.6 acres formerly owned by Christopher Browne, whose most recent transfer of record was in May 2008, for $15.8 million, to Mr. Browne’s partner, Andrew S. Gordon, as trustee.

The other two lots are 3.7 acres each: 60 Further Lane last changed hands in April 16, 2008, from Richard Salomon to 60 Further Lane LLC, while 64 Further Lane was transferred on the same date from Richard Anderman to 64 Further Lane LLC.

The three separate lots seem to have been created from one larger parcel in the 1990s.

Elizabeth Fondaras sold 62 Further Lane to Mr. Browne in 2001 for $9.35 million; it is unclear if the other two lots were included in that purchase.

Mr. Browne died in December 2009. Mr. Gordon, whose subsequent inheritance Mr. Browne’s family had contested, died in September 2013.

The tax bill in 2001 on all three parcels was $26,400. It was $44,945 in 2013.

Original Story

An oceanfront estate on Further Lane in East Hampton has fetched the highest price for sales of its kind in the country—$147 million, according to reports in The New York Post.

Barry Rosenstein of the investment firm JANA Partners is reportedly the new owner of the 18-acre property near Two Mile Hollow Beach. The property formerly belonged to the late Christopher Browne. According to the Post, the sale of the house and property took place without a broker, and it and other details could not immediately be independently confirmed. Charles Penner of JANA’s media department declined to comment on Saturday.

You May Also Like:

Homeowners Insurance Becoming More Difficult and Expensive To Obtain on the East End

Location, location, location. We’ve each heard this phrase when it comes to establishing the value ... 14 Nov 2024 by Joseph Finora

Oneck Estate Sells for $7.9 Million

A Westhampton Beach estate that was completed in 2008 by Westhampton’s Sea Level Construction has ... 13 Nov 2024 by Staff Writer

Governor Announces $10 Million Available To Advance Zero-Emission Homes

Governor Kathy Hochul announced last month that $10 million is now available to advance new zero-emission homes in New York State. The Building Better Homes – Zero Emission Homes for Healthier Communities program incentivizes the design, construction and marketing of new clean and resilient single-family homes and townhomes and provides training and technical support to builders and developers. Advancing zero-emission new construction across the state will reduce emissions, improve indoor air quality, and create healthy, comfortable and resilient living environments for all New Yorkers, according to the governor’s office. “New homes built to the latest clean energy and efficiency standards ... by Staff Writer

North Sea Beach Colony Modern Sells for ​​​​​​​$9.28 Million

A waterfront modern home in North Sea Beach Colony located about halfway between Cow Neck ... by Staff Writer

Amagansett Bell Estate Section Home Sells for $11 Million

In Amagansett North, a new build at 39 Timber Trail has sold for $11 million, ... 6 Nov 2024 by Staff Writer

REI Hosts Fall Luncheon November 19: Communities Before and After Multifamily Development — Exploring Empirical Data

The Real Estate Institute at Stony Brook University College of Business will explore the evolving landscape of solutions to Long Island’s housing crisis during its fall luncheon, titled, “Communities Before and After Multifamily Development — Exploring Empirical Data.” Taking place on November 19 at Heritage Club at Bethpage, in Farmingdale, the event aims to bring together industry experts and thought leaders to share their perspectives on the future of multifamily development on Long Island and bring insight into the intricacies of Long Island’s success stories with multifamily development. “As housing paradigms shift, this event will dissect the emerging trends, technological ... 28 Oct 2024 by Staff Writer

Southampton Village Gambrel With Pool, Tennis Sells for $13.3 million

A gambrel-style residence in the Southampton Village estate section recently sold for $13.28 million. At ... 22 Oct 2024 by Staff Writer

East Hampton Home of Former WABC Reporter Doug Johnson and Late Lobbyist Liz Robbins Is for Sale

Former WABC Eyewitness News reporter Doug Johnson has put his East Hampton home on the ... by Staff Writer

After More Than a Year, Unwanted Occupants Evicted

Thirteen months after he and his wife allowed a couple with four young children to ... 15 Oct 2024 by Brendan J. O’Reilly

East Hampton Village Residence Sells for $5 Million

An East Hampton Village residence named the “Seaglass House” that recently went through a gut ... 14 Oct 2024 by Staff Writer