The Real Deal New York

Ask for former J. Crew CEO’s 24-acre Montauk property drops to $8M

November 07, 2018 12:48PM

A 24-acre horse farm owned by the onetime CEO of J. Crew, Mickey Drexler, has had its price tag cut down to $7.95 million, Curbed reported. The Montauk property was for sale at $14.75 million in 2017 and its most recent ask is down from $9.9 million. The property has a 5,000-square-foot home with four bedrooms, three bathrooms, two fireplaces and two barns that each have an apartment. Riding trails and paddocks are also on the grounds. The property had once been offered as part of a compound with a neighboring 5.7-acre parcel that once belonged to Andy Warhol known as Eothen. Together they were priced at $85 million. The horse farm is currently listed with Chris Coleman of Saunders Real Estate. [Curbed]