Nautica founder sells Flatiron townhouse for $27M

David Chu bought property for about $9M in 2004

New York /
Jul.July 14, 2014 03:10 PM

Nautica founder David Chu sold his six-story townhouse in the Flatiron District for nearly $27 million.

The buyer – listed as Hannah Charitable LLC – paid $26.8 million for the 19,800-square-foot property, according to property records. The townhouse had been listed at $29.99 million in May 2013. Chu, currently the CEO at jewelry firm Georg Jensen, bought the building at 25 East 22nd Street for $9.3 million in 2004, as The Real Deal previously reported.

He gut renovated the townhouse over the years, adding two floors and converting it to a mixed-use space that includes a one-bedroom pied-à-terre.

The property features an elevator, 14-foot ceilings on the first floor and two sixth-floor terraces. Corcoran Group brokers Richard Phan, Carrie Chiang and Janet Wang had the listing.

According to property records, Hannah Charitable LLC shares an address at 160 Fifth Avenue with the Simons Foundation, an autism research organization founded by mathematician and investor Jim Simons, who founded the hedge fund Renaissance Technologies LLC, and his wife Marilyn.

A call to the Simons Foundation wasn’t immediately answered.


Related Articles

arrow_forward_ios
Duke Semans Mansion
Billionaire Carlos Slim re-lists Fifth Avenue Townhouse for $80M
Billionaire Carlos Slim re-lists Fifth Avenue Townhouse for $80M
Leslie J. Garfield’s Thomas Wexler with 163 East 64th Street (163 East 64th Street, Getty, Leslie Garfield)
Renaissance-inspired townhouse faces foreclosure
Renaissance-inspired townhouse faces foreclosure
Thor Equities’ Joe Sitt with139 Fifth Avenue
Under Armour to open Flatiron outpost at Thor’s 139 Fifth Ave
Under Armour to open Flatiron outpost at Thor’s 139 Fifth Ave
 494 Manhattan Avenue in Greenpoint (Google Maps, Getty)
Stakes in Brooklyn apartments sell for $37M, leading midsize i-sales
Stakes in Brooklyn apartments sell for $37M, leading midsize i-sales
Louis C.K. with  35 Charlton Street and 101 West 12th Street  (Google Maps, Getty)
Louis C.K. sells one home, poised to sell another
Louis C.K. sells one home, poised to sell another
From left: Tom and Ruth Chapman of MatchesFashion along with 252 West 12th Street (Getty, CarlGambino.com)
UK fashion moguls in contract to sell $25M West Village home
UK fashion moguls in contract to sell $25M West Village home
15 East 90th Street in Manhattan NYC and Corcoran broker David Mayer (Google Maps, Corcoran)
Buon giorno! Italy buys UES townhouse for $26M
Buon giorno! Italy buys UES townhouse for $26M
From left: BD Hotels’ Richard Born and The Jane Hotel/JK Hotel Group’s Jeff Klein with the Jane Hotel (Smart Travel, Studio Scrivo)
Jeff Klein buys Jane Hotel for $62M
Jeff Klein buys Jane Hotel for $62M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...