Ex-J. Crew CEO’s oceanfront Wainscott home sells for $15M

Mickey Drexler, the onetime CEO of both J. Crew and the Gap, sold his 3,500-square-foot home for $15 million. In 2014, it listed for $26.5 million, but had been on and off the market with numerous price cuts. It was back on the market in November for $17.95 million and sold below asking price. The 2.3 acre property features 315 feet of ocean frontage. Douglas Elliman’s Paul Brennan handled the sale. [Curbed]