The Real Deal New York

Nautica founder finds buyer for Flatiron house asking $30M

December 10, 2013 11:39AM

david-chu

25 East 22nd Street and David Chu

David Chu, founder of popular sportswear brand Nautica, has found a buyer for his six-story townhouse in the Flatiron District.

Chu purchased the 33-foot-wide, 19,800-square-foot commercial space at 25 East 22nd Street in 2004 for $9.3 million. Over the years, he renovated it, adding two more floors and an elevator, and converting it to a mixed-use space combining a one-bedroom pied-à-terre with exhibition space and offices.

Corcoran Group brokers Richard Phan, Carrie Chiang and Janet Wang had the most recent listing, for $29.99 million.

Amenities include 14-foot ceilings on the first floor and two terraces on the sixth floor, the New York Observer reported.

In 2011, Chu gave up his duplex penthouse at the former Mayfair Hotel to a buyer who paid $23.68 million, as previously reported. [NYO]Mark Maurer

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