Entertainment bigwig David Geffen is the secret buyer of a $70 million East Hampton estate, Gimme Shelter has learned.
The property is at 199 Lily Pond Lane and sprawls across 2 acres. (Hedge fund titan Scott Bommer recently sold three Lily Pond Lane properties for $110 million.)
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Geffen’s new estate was previously owned by the late fashion CEO Josephine Chaus.
Her former Upper East Side townhouse, at 128 East 73rd St., is also on the market for $36.5 million — down from its $42 million asking price — with listing broker Paula Del Nunzio of Brown Harris Stevens.
In 1975, Chaus and her future husband Bernard launched a fashion brand for young career women, Bernard Chaus Inc.
Read the full story at New York Post, by Jennifer Gould Keil
