Real LI

Buying and selling real estate in the communities of Long Island


Rolling Stone publisher buys Montauk house in bidding war

Jann Wenner's new Montauk house

Jann Wenner's new Montauk house (Credit: Permission The Corcoran Group)

Rolling Stone publisher Jann Wenner closed Oct. 16 on a Montauk house following a bidding war on the oceanfront property, real estate sources say.

The eight-bedroom, 6.5-bath three-story home is a half-mile away from the house formerly owned by Bernard Madoff, one source says.

The house originally went on the market for $9.5 million, but after several offers were made above the asking price it was adjusted to $14.9 million, a source says.

Wenner and partner, fashion designer Matt Nye, bought the property for $11.975 million, a source says.

The house is 6,300 square feet.

Krae Van Sickle of The Corcoran Group represented the seller; Paul Brennan of Prudential Douglas Elliman Real Estate represented the buyers. Neither could be reached for comment.


Permission The Corcoran Group



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