J.Crew Ex-CEO Mickey Drexler Lists Elegant Manhattan Townhouse for $29.9M

J.Crew Ex-CEO Mickey Drexler Lists Elegant Manhattan Townhouse for $29.9M

Published: December 16, 2021 | By: American Luxury Staff

Around the middle of the last decade, casual fashion kingpin Mickey Drexler listed a pair of pricey New York apartments on the open market. One of them was a 6,226 sq. ft. unit in the Walton, a building that originally went up in 1887 and was converted in 2000; the condo, one of 14 in the boutique building, hit the market in 2015 with a $35 million asking price. The second property, a brownstone located a couple of blocks southeast of the first, followed in 2016, arriving with a $30 million price tag.

A virtual dig through public records indicates Drexler’s unit in the Walton finally sold in 2018, fetching $18.5 million. The brownstone hasn’t found a new owner yet, however. So it returned to the market this fall with a reduced ask: $28 million. The townhouse contains seven bedrooms and at least six baths across six levels and a total of 9,000 sq. ft.

The building is 22 feet across, and features ceilings over 13 feet; the sense of space inside the home is one of its amenities. Others include the elevator, the two kitchenettes, a rooftop terrace, a garden, and a parlor level with a wet bar and a library. Details include arched windows with mahogany frames, mahogany cabinetry, a central staircase, pocketing doors, and six fireplaces with original marble mantels. Updates include radiant heating for the floors.

Drexler’s property portfolio once included Andy Warhol’s Hamptons home; he listed it for $85 million and let it go $50 million back in 2015.

Drexler served as the head honcho at Gap, where he is credited with turning the brand into a fashion and culture icon back in the 90s. He left that position in 2003 and took the helm at J.Crew, before stepping down in 2017.

2764 December 16, 2021 Real Estate December 16, 2021