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David Zander sells East Ham...

Lasata Estate In East Hampton Sold For $52M To David Zander
SOLDSingle Family

Lasata Estate In East Hampton Sold For $52M To David Zander

$52,000,000

$6,117/SF

Building Size

8,500 SF

Asset Type

Single Family

Closing

Aug 11, 2023

AI

The Hamptons estate Lasata has been sold for $52 million. The property, which spans 7 acres, is a single-family home with a total square footage of 8,500. The sale price breaks down to approximately $6,118 per square foot, and it represents a significant increase from the initial purchase price of $24 million in 2018 by seller David Zander.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $52,000,000
  • Market: East Hampton
  • Acres: 7

The buyer's representative in the deal was Frank E. Newbold from Sotheby's International Realty. On the other hand, the sellers were represented by Ed Petrie from Compass and Eileen O’Neill from The Corcoran Group. The sale of Lasata is notable not only for its record-breaking price but also for its historical significance as the childhood summer retreat of Jacqueline Kennedy Onassis.

Players

Ed Petrie

Compass

Broker

$65.6M

vol

2 deals

Broker
David Zander

David Zander

Seller

$261.1M

vol

11 deals

Seller

Market Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.31%

Cash-on-Cash

-0.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93