Red Horse Market’s David Silver Gets $8M for E. Hampton Home

Never underestimate the power of the right lipstick shade. Eight years after founding her eponymous company, makeup artist Bobbi Brown

Never underestimate the power of the right lipstick shade. Eight years after founding her eponymous company, makeup artist Bobbi Brown is planning to move in among some of East Hampton’s flashiest residents. In early September, Ms. Brown purchased a five-bedroom house on West End Road, perhaps the most chic street in all of East Hampton, from philanthropist and furniture magnate David Silver and his wife, Patti Silver, for almost $8 million.

In 1995, Ms. Brown sold Bobbi Brown Essentials to cosmetics behemoth Estée Lauder Companies Inc. for an undisclosed sum. Then, in an impetuous move around Labor Day, Ms. Brown snapped up Mr. Silver’s house. West End Road, an extension of Lily Pond Lane, with the exclusive Georgica Pond on one side and the Atlantic Ocean on the other, is home to Kelly (and previously Calvin) Klein, Steven Spielberg and Kate Capshaw, whose house is named Quelle Barn, and Courtney Sale Ross. The deal should become final within the next two months.

“It’s probably the most expensive street in East Hampton,” commented a source close to the deal.

Mr. Silver, who a source said has owned his Hamptons property for about 10 years, is something of a local celebrity. As the co-owner of Red Horse Market, a store on Montauk Highway in East Hampton, Mr. Silver and his business partner, advertising executive Jerry Della Famina, were famously arrested and handcuffed by the village’s police in October 1993 for setting up an illegal display of pumpkins in front of the market. (The charges were eventually dismissed.) In addition, Mr. Silver and his wife have been active with charities on a local scale, founding a children’s recreation center in East Hampton and hosting pediatrics benefits at their West End Road home. A source said the Silvers put their East Hampton home up for sale for $8.75 million last May and are in the market for a new property in the $2 million to $3 million range. Mr. and Mrs. Silver, who also have a co-op on Park Avenue, did not return a call for comment on the sale.

The West End Road house, which is situated on two acres of land, is a two-story stucco structure with five bedrooms, three fireplaces, servants’ quarters for a staff of two, and five and a half baths. Real estate sources familiar with the property described its architecture as French provincial. “It’s not the biggest [house], but it’s really charming,” said one broker who had seen the house. In addition to the main structure, the property contains a guest house with a living room, kitchen, and bath; a pool and accompanying pool house; and 300 feet of frontage on Georgica Pond, beyond which the ocean can be seen.

All that and a prime address didn’t help the home sell right away. In July, the owners dropped their request from $8.75 million to $7.95 million, prompting Ms. Brown’s offer a month later. A real estate source said she paid slightly less than the asking price, but still came close to the $8 million mark.

Ms. Brown, who lives with her husband and three sons in northern New Jersey, had looked at only a few properties when she found this one and signed a contract in early September. A publicist for Ms. Brown did not return a call for comment.

If the deal goes according to plan, Ms. Brown will move in next door to Alfred Lerner, the chief executive of the credit card company MBNA America, and Fred Krimendahl, a retired partner in Goldman Sachs Group Inc. In addition to Mr. Spielberg, Calvin Klein’s ex-wife Kelly Klein, and Ms. Ross, the widow of former Time Warner executive Steve Ross, professional homemaker Martha Stewart and retired Washington Post editor Ben Bradlee reside by the pond.


CASEY AFFLECK (BEN’S KID BROTHER) NEGOTIATES QUICK DEAL FOR $500,000 LOFT. Casey Affleck, 24-year-old kid brother of Hollywood hunk Ben Affleck, has followed in his brother’s big footsteps in at least two respects: his choice of professions and his choice of real estate. He played roles in Good Will Hunting and 200 Cigarettes , just like his brother (star of Armageddon, Shakespeare in Love and the upcoming Dogma ), and will be seen in the forthcoming Hamlet. Now he has bought a loft in TriBeCa, just like his brother.

Real estate sources say that in late July, Casey Affleck spent just under $500,000 for a 1,100-square-foot loft on Canal Street near the Hudson River. The unassuming building befits a low-profile actor: a broker familiar with the property described it as industrial-looking and concrete. And Mr. Affleck got a decent price because the space inside was essentially raw; currently, the only real accouterments are a manual elevator and an attractive, south-facing view. Even the deal itself was a smooth one, since Mr. Affleck’s broker approached the owner, who hadn’t yet moved, about buying the condominium before it went on the market.

Elsewhere in TriBeCa are not only his brother but the rest of his social set: Matt Damon, with whom Ben Affleck co-wrote and acted in Good Will Hunting , according to sources recently signed a contract on a Lafayette Street loft with his current squeeze, Winona Ryder, for more than $2 million; Ben’s infamous ex-girlfriend, Gwyneth Paltrow, owns a town house in the nearby West Village. Watch for a brunch reunion at Bubby’s.

303 Greenwich Street

Two-bed, two-bath, 1,100-square-foot condo.

Asking: $479,000. Selling: $460,000.

Charges: $783. Taxes: $498.

Time on the market: three weeks.

HILLARY BACKLASH: STATEN ISLAND FAMILY BUYS LOFT TO ATTEND MANHATTAN PRIVATE SCHOOLS. Once there was a nice wealthy married couple, both doctors, from the Todt Hill Road section of Staten Island. They had three nice wealthy children. The children wanted to go to school in Manhattan, so Mommy and Daddy said Yes. That didn’t mean uprooting the family, silly! Mommy and Daddy just bought their three kids an awesome, renovated, loft-like pad in TriBeCa. The happy boy now attends the Independence School, and the happy girls attend Stuyvesant High School. The apartment is a weekday place only, and Mommy will be bunking with them, of course. Broker: Corcoran Group Inc. (Jim Gricar).

Upper East Side

130 East 94th Street

Two-bed, one-bath, 1,000-square-foot prewar co-op.

Asking: $380,000. Selling: $385,000.

Charges: $1,075; 44 percent tax-deductible.

Time on the market: four months.

WALL STREET COUPLE GETS GREEDY FOR SUNLIGHT. A married couple lived in this apartment for about four years. They have two young kids and decided, oddly enough, that they wanted a slightly better lifestyle–more space, more quiet and good schools for their children. So off they’ve gone to Westchester, leaving behind a conventional apartment in pristine condition, with new windows, washer and dryer, a country-style kitchen and a small second bedroom. Two offers were withdrawn before the buyers came along–a married Wall Street couple in their 30’s. If the apartment had more light and a second bathroom, the broker estimates it might have sold for at least $500,000. Broker: Corcoran (Brian Rice).

333 East 69th Street

Two-bed, two-bath, 1,250-square-foot co-op.

Asking: $514,000. Selling: $514,000.

Charges: $1,185. Taxes: None.

Time on the market: 2 1/2 months.

THEY MOVE IN, BUT THEY NEVER MOVE OUT. Many come to this Le Corbusier-designed building, but few leave. Sound spooky? See if you can get your mind around this: About 10 years ago, a couple got married, and the guy moved into his wife’s studio. They had a baby, and instead of seeking a new address, they moved to a larger, lovelier apartment on the sixth floor, where they lived for about a decade, until now. They’ve got two children, and they’ve purchased a three-bedroom place on a higher floor. The owners of that three-bedroom apartment are moving into a four -bedroom on the same floor. Got that? The lucky newcomer–a woman who purchased the sixth-floor, two-bedroom apartment for $514,000 at the end of August–glided past the building’s very strict co-op board. The sellers, who sold the apartment themselves instead of hiring a broker, liked the woman–a well-regarded educator, formerly an executive director of two prominent youth charity organizations–partly because of her many humanitarian accomplishments. She had initially tried to buy the apartment one floor above this one, but three days after her bid was accepted a higher offer came in. Crushed, she was shown this sixth-floor unit, and though it cost $30,000 more, she fell in love once again, and bought it. The apartment faces south with clear, unobstructed views, has floor-to-ceiling windows, a bedroom reconfigured to accommodate a walk-in closet, a renovated master bathroom, a large dining area and–most crucial to this avid gardener–a huge terrace, bigger than the terrace of her previous apartment. Broker: Bellmarc Eastside: Julie Friedman.

Upper West Side

165 West 66th Street

Two-bed, one-bath, 1,000-square-foot co-op.

Asking: $379,000. Selling: $387,000.

Charges: $990; 52 percent tax-deductible.

Time on the market: less than a week.

POPPA’S GOT A BRAND-NEW PAD. This small four-room apartment was converted to a two-bedroom by the sellers, a married couple with two young children who lived here for about four years. The building, a hop away from Lincoln Center, was built in 1963 and has huge cash reserves, a gym, a parking garage, and bike, laundry and storage rooms. A mere two years ago, the couple would have gotten considerably less for their apartment, but as everyone knows, the times they are-a-changin’. The deal closed on Sept. 1 after a sweat-inducing, highly competitive bidding situation. The winner, a prominent pediatrician, bought the apartment for his two daughters, both in their 20’s–one works in book publishing, the other is a student–who, if they didn’t before, must really love their daddy now. It’s a renovated 17th-floor corner apartment with a river view, nine-foot ceilings, windowed kitchen and bathroom, central air conditioning, and two walk-in closets. Any questions? Broker: Corcoran (Jim Gricar).

Greenwich Village

60 East 8th Street

One-bed, one-bath, 850-square-foot condo.

Asking: $365,000. Selling: $357,000.

Charges: $962.48 percent tax-deductible.

Time on the market: five days.

SCOTTISH MAN GETS ALL LATHERED UP OVER VILLAGE POOL. The exterior of Georgetown Plaza, a postwar building, is nothing special. But inside are gorgeous apartments with killer views, according to broker Patrick Lilly, and numerous amenities, including a doorman and a rooftop swimming pool. This 22nd-floor unit was owned by a Los Angeles couple who bought the place for $160,000 about four years ago for their daughter, an art history undergrad at New York University. Now that she’s got her degree, she’s headed back home to the West Coast. In June, along came a Scottish Wall Street professional; he saw the panoramic views and, after a second visit, offered the family $357,000 for the place. The deal closed last month. “I wanted to be somewhere in the central Village area,” he said. “And as soon as I saw the pool, I knew I was going to buy the apartment.” (No removing your kilt while sunbathing, sir!) Broker: Coldwell Banker Hunt Kennedy (Patrick Lilly).

West Village

41 Barrow Street

Three-bed, 21/2-bath, 2,350-square-foot house.

Asking: $1,390,000. Selling: $1,325,000.

Time on the market: 16 months.

THE CUTEST 40 FEET THIS SIDE OF MOOMBA. This Federal town house, circa 1824, languished for more than a year due to its hefty price tag and small size. The lot is only 40 feet deep, but note that those 40 feet are splendidly located on a beautiful street in Greenwich Village. The buyer was represented by Leslie Mason, the daughter of Patricia Mason of William B. May, who held record sales in the Village until her death two years ago. The house is in good condition, and though tiny, is charming and cozy; there’s a one-story greenhouse addition and a small garden, too. Considering that the seller got within 5 percent of the asking price, it seems the wait paid off just fine, thank you. Broker: Manhattan Homes; Douglas Elliman.


106 Spring Street

2,400-square-foot co-op.

Asking: $850,000. Selling: $850,000.

Charges: $353.

Time on the market: two weeks.

WAR OF THE ROSES DRIVES LOFT SALE DOWN $150,000. Put up for sale in early summer for $995,000, this fifth-floor loft was overpriced due to its rather shabby condition, and didn’t sell. But after the owners, in the midst of a divorce, reduced the price to $850,000, it sold within two weeks. The buyers are a married couple with no children who had been renting an apartment on Bleecker Street; they needed more space because the wife’s mother is moving in with them. Because the husband, an architect, wanted to design something himself, this mostly open space appealed to him, as did the low monthly fees–thanks to rental income the building gets from retail stores below. In a few years, when the store leases expire, rents can be raised, and all the maintenance fees will likely be covered by the rental income. The space has 11-foot-high ceilings and an eastern exposure over Mercer Street. Had appearances and appliances been kept up properly (was the couple too busy bickering to spruce up the place?), the broker estimates that the owners could have easily fetched more than $1 million. The buyers, who plan to build a new kitchen, new bathrooms and redesign the bedroom, will probably have to spend nearly $200,000 to get the place in shape. Broker: Coldwell Banker Hunt Kennedy (Patrick Lilly); Douglas Elliman (Richard Geiringer). Red Horse Market’s David Silver Gets $8M for E. Hampton Home