Kratt and Robertson paid $150,000 for the property in March 2000. The 2,730-square-foot house was built in 2001 in the East of Ferry Road (Shelter Island Heights) neighborhood.
Basnage is a partner at Hogan & Hartson law firm's office in London. His practice is focused on international mergers and acquisitions, capital markets and general corporate advice to private and public companies.
Prior to joining Hogan & Hartson, he was a partner in an international law firm in London.
He received his bachelor's degree from the University of Pennsylvania, his M.A. from the University of Oxford and his LL.M. from Columbia Law School.
According to BlockShopper.com, there have been 15 home sales in Shelter Island Heights in the past 12 months, with a median sales price of $900,000.
Address: 54 Manhanset Road
Buyer(s): DeBeuval John M Basnage
Seller(s): Edward M Kratt and Josephine Robertson
Sale date: Sep. 21, 2009