The Real Deal New York

Werther, Dubbeldam unload Tribeca townhouse for $15M

Property can be converted into 14,500-square-foot mansion

May 09, 2014 02:20PM
By Hiten Samtani

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From left: Stephen Werther, 11 Hubert Street (Credit: Corcoran Group) and Winka Dubbeldam

From left: Stephen Werther, 11 Hubert Street (Credit: Corcoran Group) and Winka Dubbeldam

Fashion entrepreneur Stephen Werther and architect Winka Dubbeldam sold their stakes in a mixed-use Tribeca townhouse at 11 Hubert Street for $15.3 million, according to property records filed with the city today.

Werther, the owner of the WiNK boutique chain and now a partner with celebrity chef Anthony Bourdain on a Manhattan street food market development, held a 67.6 percent tenancy-in-common interest in the 14,500-square-foot, three-story property, while Dubbeldam held the remaining interest, according to city records. The buyer wasn’t disclosed.

The property, which hit the market in January asking $16 million, is configured as two offices on the ground floor and two duplex apartments, and boasts over 3,500 square feet of outdoor space. It can be converted into two separate townhouses or a large single-family home, according to a listing with the Corcoran Group’s Amanda Sawyer and J. Eric Becker.

Werther and Dubbeldam reportedly squabbled over the property in 2012, with Werther accusing Dubbeldam in Manhattan civil court of duping him out of 1,000 square feet. Dubbeldam previously was hit with a stop-work order and a violation for lacking a valid Certificate of Occupancy at the property, according to Curbed.

Representatives for the Corcoran Group declined to comment, while Werther and Dubbeldam couldn’t be reached.

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