Patriots proprietor Robert Kraft is coming to the Hamptons.
The Brookline-born billionaire has bought a $43 million residence at 40 Meadow Lane in Southampton — a seaside road stuffed with finance titans like Ken Griffin, Leon Black and Henry Kravis.
The seller was Nir Meir, a previous executive at HFZ Cash.
“He flew down for a working day with a young woman donning a monster-sized diamond ring. They appeared at several residences and acquired this 1,” a supply instructed Gimme completely. “He most popular a house on Surfside in Bridgehampton, where he rented final year, but none have been obtainable.”
When a prolific condo developer in Manhattan, HFZ imploded during the pandemic, leaving a path of “liens, foreclosures and lawsuits” in its wake, in accordance to the Actual Offer.
The Kraft deal was 1st reported by the Wall Street Journal.
HFZ’s founder Ziel Feldman was also pressured to provide his $50 million Hamptons house at 187 Dune Road, by a mega-mansion built by Ukrainian-born billionaire oligarch Len Blavatnik.
Feldman’s previous household, which sits on 1.54 acres, reportedly looks like a “Midtown skyscraper” and was value at minimum $75 million, resources say.
Nevertheless, Feldman experienced illegally constructed extra bedrooms on the main floor — not authorized due to the fact of flood zone risks — and that impacted the home’s selling price.
“That’s why it sold for low-priced,” a resource mentioned. “It was a $75 million household.”
The consumer was e-commerce retailer Michael Rubin.
Having said that, sources also explain to Gimme that Blavatnik’s wife, Emily, was devastated to understand it experienced marketed, as she would have purchased the dwelling as a buffer or to be section of a compound for her household — experienced she recognised it was on the marketplace.
“They were so upset,” a supply reported. “But they didn’t know it was for sale.”
Meir bought the Meadow Lane residence for $10.5 million in 2013, by means of an LLC registered with HFZ’s New York business. He then tore down the residence, a cottage regarded as “A Wee Lyr Mor” — subsequent lawful disputes with neighbors — and crafted a contemporary, 7,000-square-foot residence in its location in 2017.
At the very least just one creditor experienced tried to end the sale, but failed.