The Real Deal New York

Bankrupt Gawker founder Nick Denton lists Soho pad for $4.2M

A judge refused his request to rent out loft at 76 Crosby Street
October 21, 2016 09:21AM

Nick Denton’s 76 Crosby Street apartment (inset: Denton)

Nick Denton’s 76 Crosby Street apartment (inset: Denton)

Gawker Media founder Nick Denton, whose company lost a $140 million invasion of privacy lawsuit earlier this year and was sold to Univision, has put his Soho condominium on the market.

Denton filed for bankruptcy in August, but a judge denied his request to rent out the 2,500-square-foot-apartment at 76 Crosby Street for $12,500 per month. Denton has now listed the loft for $4.2 million, or $1,680 per square foot, the Wall Street Journal reported.

The apartment has two bedrooms, 13-foot ceilings, a doorman and a private entrance. Jared Seligman of Douglas Elliman TRData LogoTINY has the listing, according to the Journal.

Denton is personally liable for $10 million of the $140 million awarded to former professional wrestler Hulk Hogan (whose real name is Terry Bollea). Hogan, with the financial backing of Peter Thiel, sued Gawker Media for publishing a sex tape that he appeared in without permission. The judgement forced the company into bankruptcy and its core assets were sold to Univision in August for $135 million.

Denton paid $1.8 million for the loft in 2004, according to the paper. Court filings show he still owes $1.7 million on the mortgage, which works out to a monthly payment of $14,985. [WSJ]  — Miriam Hall