British fashion moguls in contract to sell West Village home for $25 million

From left: Tom and Ruth Chapman of MatchesFashion together with 252 West 12th Street (Getty,

From left: Tom and Ruth Chapman of MatchesFashion together with 252 West 12th Street (Getty,

The two fashion moguls seem to have found the perfect match for their West Village townhouse.

Tom and Ruth Chapman, co-founders of retailer MatchesFashion, have entered into an agreement to sell their property at 252 West 12th Street in the borough of Manhattan, the New York Post reported. In July, they sold their house for $25 million, which is today’s asking price.

The Chapmans bought the house from oil heiress Aileen Getty for $19 million in 2019, the same price Getty paid to buy the property two years earlier. Getty bought the property from Adam Dell, Michael Dell’s brother.

The five-bedroom, four-and-a-half-bathroom townhouse spans 4,900 square feet and was built in 1910. Steven Harris renovated a 20-foot-wide red brick house, wiring the property to give it smart home capabilities.

The home is tied for the most expensive deal in Manhattan in Olshan Realty’s report on properties asking $4 million or more. The borough saw 26 contracts in the week before Christmas, marking the second busiest period on record for the company.

The townhouse includes a marble wood-burning fireplace in the living room, an outdoor sitting area off the kitchen, a gym, wine storage, a screening room and a master bedroom with a walk-in closet and wood-burning fireplace. Outside there is a landscaped roof terrace, a hot tub and a back garden.

The customer is not registered. Compass broker Carl Gambino has the list; Gambino declined to comment on the pending sale to the Post.

The sale comes three months after the Chapmans said goodbye to their second residence in the state, when they sold Trousdale Estates in Beverly Hills. The 6,300-square-foot home sold for $35 million, a 16.7 percent discount from its initial $42 million asking price. The Chapmans bought the place in 2017 for $24 million.

Gambino was also one of the Chapmans’ sales agents in Beverly Hills. That house is near the residence of Chapman’s fellow fashion heavyweight Bernard Arnault, chairman of luxury goods conglomerate LVMH and one of the richest men in the world.

In 1987, the Chapmans co-founded MatchesFashion, a luxury clothing retailer. The company operates a few stores in London, but has a mostly online presence. Apax Partners bought the company in 2017 for about $535 million.

— Holden Walter-Warner

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