This Week’s Big Deal: Sagaponack Home Sells For $12 Million

In May, we wrote about the efforts of Lloyd Blankfein, the CEO of Goldman Sachs, to sell his manse on Parsonage Lane in Sagaponack. We remind you of that because the purchase of the house for $11,965,000 easily qualifies it as the biggest deal of the last two weeks.

Especially intriguing is that the buyer was Son of Man, a limited liability corporation represented by the high-powered firm of Twomey, Latham, Shea, and Kelley and about a dozen other partners. On the face of it, it would appear that even Jesus wants to own property in the Hamptons and, presumably, had to pay the 2-percent transfer tax as do other purchasers of properties in the five East End towns.

Being shielded by LLCs has been rather rampant the last couple of weeks, perhaps coinciding with the intensifying media scrutiny the Hamptons receives as the summer progresses. A house on Lockwood in Bridgehampton was sold for $7,150,000 to Seekwin. It is a rather appealing place, 3.3 acres south of the highway adjacent to 18 acres of open farmland. With 6 bedrooms and 6.5 baths. Another home on Seaside Drive in Montauk was taken for an even $3 million by 376 Bleecker Street LLC. Tatinha II is the name of the corporation that shelled out $4,715,000 for a property on Great Hill Road in Southampton.

Two LLCs purchasing properties hereabouts are particularly intriguing. One is because of its name and the robust price it paid—71 Tea Cups LLC drank up 71 South Main Street in Southampton Village for $5,450,000. And in the Sag Harbor area, MTGLQ Investors invested $3,750,000 in 471 Middle Line Highway. This LLC is a below-the-radar division of Goldman Sachs that on a national scale buys portfolios of underperforming mortgage loans. According to several media reports, MTGLQ LLC pressures delinquent home owners to pay up or it forecloses on their properties.

Other recent big deals of interest were the purchase of two properties that previously were part of Two Trees Farm in Bridgehampton. One went to Dana Didriksen for $3,650,000 and the other was grabbed by Kevin Menard and David Lawenda—the latter Facebook’s vice present for global sales—for $3,300,000. Jodi and William Gorin (he’s CEO of MFA Financial) paid a handsome $6,750,000 for a house on Hildreth Avenue, also in Bridgehampton. Back in Sag Harbor, Adam and Nancy Greene plunked down a whisker under $6 million for a house and its immediate surroundings on Harbor Drive. And over in East Hampton, a property on Two Holes of Water Road was quietly clutched for almost $3 million by Bradley and Eleanor Langston, the latter a beauty and fitness editor who of late has been billing herself as the “nail whisperer.”