Nice as it is—and it is nice, what with the lily pond and apple orchard and Further Lane addresses (there are three) and “most expensive residential property in U.S. history” title—it turns out that Barry Rosenstein’s new $147 million, 18-acre East Hampton cabin didn’t exactly sell itself, or so alleges the man who says he sold it.

According to an $8.8 million suit filed by The Corcoran Group against the buyer and the seller in State Supreme Court, Corcoran agent Tim Davis was awarded an exclusive listing for the property and structured the sale, and Corcoran came up with the plan to package the three properties for an asking price of $150 million. The complaint alleges that in April, Corcoran had an offer of $155 million from another qualified buyer, but that Rosenstein negotiated directly with the seller for the eventual $147 million sale price—and thus no commission fee was paid.

Corcoran Group Files Suit Related to $147 Million Hamptons Property [Dan’s Papers]

3 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (3)

  1. Posted by Seriously Confused | July 29, 2014 at 3:37 PM

    And thennnnnnn…

  2. Posted by UBS MD | July 30, 2014 at 7:48 AM

    So you did a lot of prep work, and then they used somebody else on the deal and you got no fees? Don't worry, happens to us all the time!

  3. Posted by Ross | September 1, 2014 at 6:58 AM

    Yeah Shit Happens …. Here are the most expensive houses in the world right now! https://www.youtube.com/watch?v=SyYa1jVhIpo