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

 

 

advertisement | advertise on newsday

advertisement | advertise on newsday