facebook
Traded Co logo
Submit
Daily limit: 0/10

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

Property Image
SOLD
$52,000,000
Eileen O’Neill
Frank E. Newbold
+ 1

New York

See Similar Deals
Single Family8,500 SF
Sold 08/11/2023
the dealplayerscompscontact
Property Image
SOLD

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

Single Family8,500 SF
Sold 08/11/2023
Eileen O’Neill
Frank E. Newbold
+ 1
Contact now

Summary

Asset Type:Single Family
Price Per Square Foot:$6,117
Total Square Footage:8,500 SF
Transaction Type:Sale

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
2 deals$65.6M volume
BROKER

Eileen O’Neill
The Corcoran Group
1 deal$52M volume(818) 970-4371
BROKER

Frank E. Newbold
Sotheby's International Realty
2 deals$77M volume(631) 375-4942
BROKER

David Zander
11 deals$261.1M volume
SELLER

Details

SOLD
IMAGE: Ed Petrie, Frank E. Newbold & Eileen O’Neill DATE: 08/11/2023 MARKET: East Hampton ASSET TYPE: Single Family ~ ACRES: 7 SELLER: David Zander BUYER'S REP: Frank E. Newbold - Sotheby's International Realty (@SIR.socal) SELLER'S REP: Ed Petrie - Compass (@Compass) & Eileen O’Neill (@Eileenscottageindustrie) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $52,000,000 SF: 8,500 ~ PPSF: $6,118 NOTE: The Hamptons estate Lasata, once the childhood summer retreat of Jacqueline Kennedy Onassis, has been sold for $52 million, more than doubling the initial 2018 purchase price of $24 million by seller David Zander.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,773,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$184,745.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$246,506.53
Annual Debt Service$2,958,078.35