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J. Crew Chairman Mickey Drexler Slashes Price of Manhattan Loft

J. Crew Chairman Mickey Drexler Slashes Price of Manhattan Loft
From WWD - January 26, 2018

The sale is most certainly on. J. Crew chairman Mickey Drexler has cut the price of the Manhattan loft he has been trying to sell for around two and a half years almost in half.

The TriBeCa apartment has been put back on the market this week with a new price of $18.5 million, close to half the original asking price of $35 million when it was first listed for sale in April 2015.In between thenand today, it has been on and off the marketseveral times, seen numerous price cuts, as well as a change of brokers.

The five-bedroom apartment is housed in a 12-unit Franklin Street condominium and, since buying it for $14.3 million in 2012, Drexler has certainly put his own touch on the 6,226-square-foot spread, hiring renowned French architect Thierry Despont to do the interiors.

The results of the remodel include a billiards room, arched windows, original columns and industrial doors, an open stainless-steel kitchen with a breakfast bar, brightly colored living spaces and a gallery hall complete with dress forms.

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