Mickey Drexler finds a buyer for massive $29.9M NYC home

Fashion mogul Mickey Drexler — formerly the CEO and chairman of J.Crew — is in contract to sell his massive Tribeca home, which last asked $29.9 million.

The final sales price is not yet known.

The red brick property, at 464 Greenwich St., was built in 1892 by Hugh Getty for a wholesale coffee and tea merchant named Samuel Crooks. It became a roasting plant for various companies, including the Turkish & Arabian Coffee Company, whose sign remains above the front door.

Drexler bought the building for $5.5 million in 2008 — and then tapped French architect and interior designer Thierry Despont to renovate and expand it, transforming the 24-foot-wide behemoth into a single-family spread.

464 Greenwich St.
464 Greenwich St.
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Drexler was once an executive for J.Crew -- and is now the CEO of Alex Mill.
Drexler was once an executive for J.Crew — and is now the CEO of Alex Mill.
Bloomberg via Getty Images

The contract was first reported in Monday’s Luxury Market Report from Olshan Realty.

Drexler first listed the home for $29.95 million in 2016. The price dropped to $27.5 million in 2017 — then re-entered the market last year, with an asking price that shot back up to $29.9 million.

The 9,000-square-foot, five-story home — which also has a cellar and a roof deck — comes with five bedrooms, six full bathrooms and two powder rooms. Details include a 1,500-square-foot living room with ceilings more than 12 feet high, a gym, a sauna, an eat-in chef’s kitchen and a commercial-grade elevator.

Drexler’s real estate over the years includes holdings in New York City, the Hamptons — he once owned Andy Warhol’s Montauk compound and is now in Amagansett — as well as in Miami Beach.

The listing broker for his Tribeca home is Deborah Grubman, of Corcoran. 

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