Fashion mogul Mickey Drexler — formerly the CEO and chairman of J.Crew — is in contract to sell his massive Tribeca home, which last asked $29.9 million.
The final sales price is not yet known.
The red brick property, at 464 Greenwich St., was built in 1892 by Hugh Getty for a wholesale coffee and tea merchant named Samuel Crooks. It became a roasting plant for various companies, including the Turkish & Arabian Coffee Company, whose sign remains above the front door.
Drexler bought the building for $5.5 million in 2008 — and then tapped French architect and interior designer Thierry Despont to renovate and expand it, transforming the 24-foot-wide behemoth into a single-family spread.
The contract was first reported in Monday’s Luxury Market Report from Olshan Realty.
Drexler first listed the home for $29.95 million in 2016. The price dropped to $27.5 million in 2017 — then re-entered the market last year, with an asking price that shot back up to $29.9 million.
The 9,000-square-foot, five-story home — which also has a cellar and a roof deck — comes with five bedrooms, six full bathrooms and two powder rooms. Details include a 1,500-square-foot living room with ceilings more than 12 feet high, a gym, a sauna, an eat-in chef’s kitchen and a commercial-grade elevator.
Drexler’s real estate over the years includes holdings in New York City, the Hamptons — he once owned Andy Warhol’s Montauk compound and is now in Amagansett — as well as in Miami Beach.
The listing broker for his Tribeca home is Deborah Grubman, of Corcoran.
Read More:Mickey Drexler finds a buyer for massive $29.9M NYC home
2022-11-14 21:50:00