Michael Rubin Acquires Bridgehampton SFR From Ziel Feldman For $50M

Ziel Feldman has sold his property located in Bridgehampton for a staggering price of $50,000,000 to Michael Rubin. The property is a spacious single-family residence with an approximate area of 8,000 square feet, resulting in a price per square foot of $6,250. Situated on 6.5 acres of land, this property offers both privacy and ample space.

Summary of transaction details:

• Property Type: SFR
• Transaction Amount: $50,000,000
• Square Footage: 8,000 (approx.)
• Price per Square Foot: $6,250
• Acres: 6.5

Represented by Erica Grossman from Douglas Elliman and Gary Cooper from Hedgerow Properties, Michael Rubin successfully acquired this impressive property from Ziel Feldman. Notably, Michael Rubin is the founder of GSI Commerce, which he sold to eBay for a staggering $2.4 billion in 2011. Additionally, Rubin is also the co-owner of the Sixers and the NJ Devils.