Nautica founder sells Flatiron townhouse for $27M

David Chu bought property for about $9M in 2004

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

From left: 8 East 75th Street, 92 Laight Street, 443 Greenwich Street, 111 Murray Street and 23 Perry Street (Credit: StreetEasy and Bone Levine)

Sackler and Streep: The five priciest NYC home sales last month

166 E. 81st St. (Credit: Google Maps, iStock)

UES townhouse once described as “infested with vermin” goes into contract

Michelle Williams and Tommy Kail and their Brooklyn Heights townhouse (Credit: Getty Images, Google Maps)

Michelle Williams, Tommy Kail buy $10.8M home in Brooklyn Heights

Epstein's Mansion at 9 East 71st Street and the Frick Museum at 1 East 70th Street with Jeffrey Epstein (Credit: Getty Images, Google Maps, Wikipedia)

Preservationists want the Frick to buy Epstein’s old mansion

Nicolai Ouroussoff and Cecily Brown with 125 East 10th Street (Credit: Columbia GSAPP via Flickr, Wikipedia, and StreetEasy)

No criticism here: Nicolai Ouroussoff, Cecily Brown buy E. Village house for $7.75M

WeWork leases in Soho and Flatiron could be in trouble, according to a report (Credit: iStock)

WeWork leases in Soho, Flatiron most at risk: report

15 West 76th Street and David Berkowitz (Credit: RiverPark Ventures)

Charity case? Hedge funder makes tidy sum off townhouse sale to nonprofit

2 North Moore and Mark Zittman (Credit: Google Maps and Tuatara Capital)

Townhouse at 2 North Moore sells for $27M after 5 years on the market