John Foley’s client is trying to stay in place, but the Peloton CEO is on the move – trading his East Hampton home in the woods for a home on the ocean.
According to the New York Post, the stationary bike executive, whose corporate fortunes skyrocketed as the pandemic trapped people in their compound, is the buyer of a property at 442 Farther, according to New York Post. Real estate signed the contract a few months ago and closed at $55 million, $2.5 million above the asking price. That’s dozens of times more than the $4.5 million he’s asking for his domestic fortune.
Foley took possession of the riverside property fairly quickly; it has been on the market for less than a month. Designed by Francis Fleetwood, the 6,100 square foot home sits on 4 acres and covers more than 400 feet of shoreline with direct beach access.
The house has 5 bedrooms and 5 bathrooms. The main floor consists of the main suite with its own bathroom, walk-in closet and sundeck. The second floor includes additional sun loungers and a bedroom with ocean views.
Outside the house is a covered seating area, a gunite pool and spa, and a separate garage.
Hedgerow Exclusive Properties brokered the deal. The seller is the estate of Alan Seligson, president of an aerospace parts manufacturer.
When Foley closed the property, Peloton co-founder and his wife, Jill List homes at 12 Koala Lane in mid-November.
The couple bought it in 2016 from Billy Macklowe, the developer and son of the founder of Macklowe Properties. Harry Macklowe.
While the Foleys are doubling in size, their new home is a bit smaller than the one they currently live in. Koala Lane’s property is 2.2 acres and features a 6,500 square foot home with a courtyard surrounded by woodland.
That home has six bedrooms and six bathrooms, including a master suite with a balcony overlooking the backyard. Interior features include a large butler pantry with a 1,500-bottle fridge, a gym, and a home theater. Exterior features include a pool area and half-sized basketball court.
[NYP] – Holden Walter-Warner
https://therealdeal.com/2021/12/20/peloton-ceo-is-buyer-of-55m-east-hampton-estate/ Peloton CEO $55M East Hampton Real Estate Buyer