July 15, 2014
Nautica Founder Gets $27 Million for His Impressive Flatiron Townhouse
$27 million is nothing to sneeze at, even if you are David Chu, the founder of international clothing company Nautica. Chu purchased the townhouse at 25 East 22nd Street in 2004 for $9.3 million. He then embarked on a gut renovation, replacing the limestone façade, adding fifth and sixth floors and an elevator, and creating a swanky mixed-use building that housed his corporate headquarters and a one-bedroom pied-à-terre. The home went on the market in May 2013 for $29.99 million, and has now sold to buyer Hannah Charitable LLC for $26.8 million.
Have a look at the interior of this elegant townhouse
Have a look at the interior of this elegant townhouse
