Brooklyn developer David Walentas re-lists Hamptons compound for $37M

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Brooklyn developer David Walentas re-lists Hamptons compound for $37M
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Walentas — respected for his work transforming Brooklyn’s Dumbo into a popular destination — purchased this Coopers Neck Lane mansion in 2019 to have as a weekend renovation proje…

on the listings portal Out East. It initially asked $35 million when it first came to market in 2021.

Walentas and his late wife, Jane, purchased this spread at 199 Coopers Neck Lane for $11.6 million in 2019, according to the listing history. Originally designed by the architect Grosvenor Atterbury — who was known for shaping the American Wing of the Metropolitan Museum of Art — Walentas reportedly knew it would require an interior overhaul. He intended to take on its renovation as a weekend project.Another aerial of the property, which is located in Southampton, NY.

“A lot of people love old houses, but they don’t love old air conditioning and lighting and kitchens,” he told the paper. “This is a brand new house in an old shell.”Walentas, the founder of Two Trees, is credited with transforming Brooklyn’s Dumbo neighborhood into what it is today.Walentas told the outlet the work cost at least $10 million — and that he would always sell the home off when completed.

The three-level home has 14,619 square feet of living space, according to the listing, with 11 bedrooms, 12 full bathrooms and two powder rooms. The grounds additionally include a 50-foot heated pool with a spa and two gated driveways. An all-weather tennis court is proposed and pending permit approval.

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