A 110-year-old Great Gatsby-esque estate — once owned by an Italian billionaire who headed Brooks Brothers when it filed for bankruptcy during the pandemic — has hit the market for $10.75 million, Gimme Shelter has learned.
The seller, Mehmet Sengulen, bought the gated Long Island trophy property in Muttontown from Claudio Del Vecchio and his wife Debra for $7.3 million in December 2024, according to records, and then fully renovated and restored it.
Sengulen told Gimme he planned to move in with his wife and four kids, but his children are “very connected to where they grew up,” just 20 minutes away.
“It’s a unique situation,” he said.
Del Vecchio — whose estimated net worth is $7.4 billion, according to Forbes — was the chairman, CEO and owner of Brooks Brothers Group, Inc., which filed for bankruptcy in September 2020. He had bought the company for $225 million in 2001.
Claudio’s father, the late Luxottica eyewear mogul Leonardo Del Vecchio, was Italy’s second richest man when he died in 2022, according to reports, owning brands like Ray-Ban, Sunglass Hut and Oakley. Today, EssilorLuxottica is the world’s largest eyewear company.
Built in 1916, the gated mansion sits on 8.1 acres behind 15-foot-tall gates, said listing broker Shawn Elliott, of Nest Seekers International.
Inside, the 12,058-square-foot home features nine bedrooms, eight baths, four powder rooms, seven fireplaces, a wine cellar and a paneled elevator.
The striking interiors include formal living and dining rooms with original moldings and millwork — and a paneled library with a woodburning fireplace.
Resort-style amenities include an indoor pool, a gym and a panic room.
Outside, there’s another pool plus a tennis court with lighting, a putting green, a children’s playhouse and charming English walled gardens.
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