$110 million oceanfront property makes New York real estate history [PHOTO]

A new real estate history has been made in New York, United States.

This makes the property, made of three parcels of land, the second largest residential sale in New York State and fifth largest in the United States.

According to Business Insider, the estate was bought by a natural gas billionaire called Michael S. Smith, CEO of Freeport LNG.

It was previously owned by hedge fund billionaire, Steve Bommer.

Features of the 6.4-acre estate include a 4,500-square-foot five-bedroom mansion, a few other houses, a tennis court and a pool.

Check it out.