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Nautica Founder Finds Buyer for $30M Flatiron Townhouse

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David Chu, founder of global lifestyle brand clothing company Nautica, bought the commercial townhouse at 25 East 22nd Street in 2004 for $9.3 million. He gut renovated the place—replacing the limestone facade and adding two additional floors, bringing the total number of floors to six, and total square footage to a gargantuan 19,800—and turned it into his corporate headquarters with showrooms, conference rooms, and stylish office. The result, as you can see, is pretty impressive. Chu later listed the townhouse for $30 million and, according, to Corcoran, the house is now in contract. No word yet on the buyer, but we hope they have some good mannequins for the space.

· The Spoils of Preppiness: Nautica Founder's Flatiron Townhouse Snags a Buyer [Observer]
· Nautica founder finds buyer for Flatiron house asking $30M [The Real Deal]