The Real Deal New York

Posts Tagged ‘nautica’

  • 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. [more]

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  • At left: 610 Park Avenue; Top center: Nautica founder David Chu; Bottom center: Listing broker Carrie Chiang, of the Corcoran Group; At right: the penthouse

    The duplex penthouse at the former Mayfair Hotel belonging to Nautica founder David Chu has finally found a buyer, according to public records filed with the city today. An unknown buyer, who purchased under the name 610 Park LLC, paid $23.68 million for the property.

    Chu and his wife purchased the five-bedroom penthouse, which had been combined with the unit below, in 1999. It was initially listed for $32.8 million with the Corcoran Group’s Carrie Chiang in March 2010, which made it one of the top 10 most expensive condo listings in the city at the time. It was then taken off the market at various intervals, and saw interest from “Sex and the City” star Sarah Jessica Parker and husband Matthew Broderick. It was most recently listed for $25.8 million. [more]

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  • At left: 610 Park Avenue; Top center: Nautica founder David Chu; Bottom center: Listing broker Carrie Chiang, of the Corcoran Group; At right: Penthouse 16E

    The duplex penthouse at the former Mayfair Hotel, which belongs to Nautica founder David Chu, officially hit the market yesterday at $32.8 million — roughly $4,260 per square foot. The price tag makes it one of the top 10 most expensive condo listings in the city, according to data from Streeteasy.com.

    The penthouse is one of two in the 15-story, prewar limestone and brick building, now known as 610 Park Avenue. Investment firm Colony Capital purchased the property for $15 million in a 1996 foreclosure sale and teamed up with Donald Trump in the condo conversion project, which was designed by architect Costas Kondylis.

    Chu, the Taiwanese-American apparel mogul, and his wife, Gina, a philanthropist and trustee at the non-profit Asia Society, purchased penthouse 16E at 610 Park Avenue in 1999, city property records show. It had been combined with the unit below, and while sale prices for apartments before 2003 are not publicly available, the pair took out a $5 million mortgage at the time to pay for at least some of the home, according to the records. … [more]

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