Updated Sep 9, 2024
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
About this deal
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
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $6.1K per square foot on a published $52M for 8,500 square feet (2023).
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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