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

author 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:

Southampton Town Board Hears Report on Tax Assessment Status

Though no action is imminent, the Southampton Town Board heard an update on a potential ... 24 Apr 2024 by Christopher Walsh

REI Presents ‘Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?’ on May 3

The Real Estate Institute at Stony Brook University College of Business will present its spring luncheon, titled “Long Island Zoning Atlas – A Map to Fix LI’s Housing Crisis?” on Friday, May 3, at the Hilton Garden Inn on the Stony Brook University campus. The discussion on Long Island’s zoning policies and their potential impact on the region’s housing crisis will include panelists Gwen O’Shea, the president and CEO of Community Development Corp. of Long Island; Michael Florio, the CEO of Long Island Builders Institute; and Stephen Romalewski, a professor at CUNY Graduate Center. David Pennetta, the executive managing director ... by Staff Writer

Tips for Avoiding Rental Scams

Rental scams are pervasive, targeting both those seeking permanent housing and those seeking a quick getaway or seasonal lease. To help prospective tenants avoid falling prey to scams, the New York Department of State’s Division of Consumer Protection is calling attention to common rental scams. The main takeaway is this: Avoid sending money for rental properties without first verifying the legitimacy of the listing. In 2023, the FBI received 9,521 real estate/rental scam related complaints with losses of over $145 million. “In today’s highly competitive housing market, renters are often targeted by scammers who use enticing offers to steal their ... by Staff Writer

Agency News: Alexis Meadows Joins Michael Lorber Team at Douglas Elliman

Alexis Meadows has joined the Michael Lorber Team, a top-ranking real estate team at Douglas ... 22 Apr 2024 by Staff Writer

Waterview Water Mill Shingle-Style Homes Sells for $11.38 Million

A Water Mill home with a view of Burnett Creek and a dock for access ... 17 Apr 2024 by Staff Writer

Sagaponack New Construction Designed by McDonough & Conroy Sells for $6 Million

A new 8,000-square-foot home in Sagaponack has sold for $6 million preconstruction. On 3.13 acres ... 9 Apr 2024 by Staff Writer

New Book Shows Long Island’s Past With Glimpses of Future

“Making Long Island: A History of Growth and the American Dream,” by Lawrence R. Samuel ... 5 Apr 2024 by Joseph Finora

Good Things Come in Small Packages

While large houses offer more space to spread out in, a new home in East ... 3 Apr 2024 by Brendan J. O’Reilly

Culloden Point Waterfront Home Sells for $12.5 Million

On Montauk’s Culloden Point and fronting Fort Pond Bay, the home at 8 Captain Balfour ... by Staff Writer

Sands Motel in Montauk Sells to Hospitality Group

Montauk’s Sands Motel at 71 South Emerson Avenue has sold to a prominent hospitality group, ... 29 Mar 2024 by Staff Writer