Two fashion moguls have found the perfect home in a West Village townhouse.
Tom and Ruth Chapman, co-founders of retailer MatchesFashion, have entered into a deal to sell a property at 252 West 12th Street in Manhattan, the New York Post reported. They listed his home in July for his $25 million, which is the current asking price.
The Chapmans purchased the home for $19 million in 2019 from oil heir Eileen Getty. This is the same price Getty paid to acquire her property two years before her. Getty purchased the property from Michael Dell’s brother, Adam Dell.
The 5 bedroom, 4.5 bathroom townhouse spans 4,900 square feet and was built in 1910.
The home was among the highest-priced deals in Manhattan in Olshan Realty’s report of properties asking for over $4 million. In the week before Christmas he had 26 deals, his second busiest time on record for the company.
The townhouse features a wood marble fireplace in the living room, outdoor seating area off the kitchen, gym, wine cellar, screening room, and master bedroom with walk-in closet and wood burning fireplace. Outside, you’ll find a landscaped roof terrace, hot tub, and backyard.
No buyer reported. Compass broker Carl Gambino is listed. Gambino declined to comment to the Post on the pending sale.
The sale comes three months after the Chapmans said goodbye to another statewide mansion when they sold their Trussdale estate in Beverly Hills. The 6,300-square-foot home he sold for $35 million, a 16.7% discount from his original $42 million. Mr. and Mrs. Chapman purchased this location in 2017 for her $24 million.
Gambino was also one of the listing agents for the sale of Chapman’s Beverly Hills. The house is near the mansion of Mr. Arnaud, Bernard, a member of the Chapman family, chairman of the luxury goods conglomerate LVMH and one of the richest men in the world.
Chapmans co-founded luxury clothing retailer MatchesFashion in 1987. The company operates a few stores in London, but mostly maintains an online presence. Apax Partners acquired the company in 2017 for about $535 million.
— Holden Walter Warner