The Real Deal New York

Bankrupt Gawker founder Nick Denton begs judge to approve tenant at 76 Crosby

If $4.2M pad can't be rented, fallen media mogul can't afford the condo's mortgage or fees

August 22, 2016 08:05AM

Nick Denton’s 76 Crosby Street apartment (inset: Denton)

Nick Denton’s 76 Crosby Street apartment (inset: Denton)

Gawker Media founder Nick Denton found a tenant for his 76 Crosby Street digs, but needs a bankruptcy judge to approve the lease. And fast.

Denton won’t be able to pay the mortgage and condo fees on his $4.2 million Soho pad unless the tenant moves in right away, the New York Post reported.

Denton — who declared bankruptcy after Hulk Hogan won a $140 million settlement against Gawker, to which he’s personally liable for $10 million — put his tony digs on the market for $15,000 per month back in May. The 2,556-square-foot condo comes with 12-foot ceilings and a “massive square teak Japanese soaking tub.” Stribling’s TRData LogoTINY Pamela D’Arc had the listing.

According to court papers filed Friday, D’Arc lined up someone willing to pay $12,500 a month. The move-in date of August 1 has already been pushed back, however, while Denton waits for approval from the court.

Denton lost Gawker Media to Univision in a bankruptcy auction after Hogan (Terry Bollea) won a $140 million settlement against the company in Florida for publishing a sex tape featuring the former wrestling star without his permission. Gawker.com’s final publishing day was Sunday, though other media properties such as Jezebel, Deadspin and Gizmodo will remain active under Univision’s banner.

Denton will reportedly earn $16,666 a month from Univision in exchange for not starting a rival company. But he’ll still owe $14,985.12 in monthly mortgage payments and a $3,410.57 condo association fee. [NYP]E.B. Solomont

 

 

 

 

 

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