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Len Blavatnik Acquires Terry Semel's East Hampton Estate For $115 Million
SOLD
$115,000,000
New York
See Similar DealsSingle Family
Sold 11/21/2025
SOLD
Len Blavatnik Acquires Terry Semel's East Hampton Estate For $115 Million
408 Further Lane
See Similar DealsSingle Family
Sold 11/21/2025
Summary
NEW YORK
Asset Type:Single Family
Transaction Type:Sale
Terry Semel’s 8.5-acre oceanfront estate at 408 Further Lane in East Hampton sold off-market for $115 million to billionaire Len Blavatnik, setting the record for the most expensive single residential property ever sold in the Hamptons.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $115,000,000
- Buyer: Len Blavatnik
- Seller: Terry Semel
- Address: 408 Further Lane
- Market: East Hampton
- Acres: 8.5
This transaction highlights the involvement of Terry Semel as the seller and Len Blavatnik as the buyer, reflecting significant engagement in the high-end real estate market. The deal was executed off-market, indicating a private negotiation process between the two parties.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$408,570.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$545,158.67
Annual Debt Service$6,541,904.04
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