He's at it again. Serial flipper Scott Bommer, whose day job is running hedge fund SAB Capital Management, is selling once again in the Hamptons. According to the New York Post, Bommer, who purchased 6.2 acres of oceanfront on Lily Pond Lane in East Hampton in spring 2014 for $93.9M, is in contract to sell the three parcels for $110M. The deal is off-market and brokered by Ed Petrie of Compass. The buyer is rumored to be David Tepper, who denied it. (Really? Just when he finished that giant place in Sagaponack?)
Bommer bought Wooldon Manor on Gin Lane back in 2013 for $75M and then put it right back on the market, selling six months later. He also sold two other Gin Lane properties: Halcyon Lodge at 436 Gin Lane (the Ford estate with the Philip Johnson addition), as well as the teardown next door.
Start the popcorn, folks, as we wait to find out the purchaser of 93, 97, and 101 Lily Pond Lane. Tepper? Someone else?
· Hedgie selling his Hamptons properties for $110M [NYP]
· Scott Bommer Buys Three Lily Pond Lane Properties for $93.9M [CH]
· All posts about Scott Bommer [CH]