From left: Tom and Ruth Chapman of MatchesFashion together with 252 West 12th Street (Getty, CarlGambino.com)
The two fashion moguls seem to have found the perfect match for their West Village townhouse.
Tom and Ruth Chapman, co-founders of the MatchesFashion retail chain, are in contract to sell their property at 252 West 12th Street in Manhattan, the New York Post reported. In July, they listed their home for $25 million, which is today’s asking price.
The Chapmans bought the home from oil heiress Aileen Getty for $19 million in 2019, the same price Getty paid to acquire the property two years earlier. Getty purchased the property from Adam Dell, Michael Dell’s brother.
The five-bedroom, four-and-a-half-bathroom townhouse is 4,900 square feet and was built in 1910. Steven Harris renovated the 20-foot-wide red brick home and wired the property to give it smart home features.
The home was tied for the most expensive Manhattan contract in Olshan Realty’s report on properties asking $4 million or more. The borough recorded 26 contracts in the week leading up to Christmas, the second busiest period on record for the firm.
The townhouse includes a marble wood-burning fireplace in the living room, an outdoor sitting area by the kitchen, a gym, wine storage, a screening room and a master bedroom with a walk-in closet and a wood-burning fireplace. Outside there is a landscaped roof terrace, hot tub and rear garden.
Buyer not reported. Compass broker Carl Gambino has the list; Gambino declined to comment to the post about the pending sale.
The sale comes three months after the Chapmans parted ways with another 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 original $42 million. The Chapmans bought the place in 2017 for $24 million.
Gambino was also one of the brokers on the Chapmans’ Beverly Hills sale. This house is located not far from the residence of the Chapmans’ fashionable colleague Bernard Arnault, chairman of the luxury goods conglomerate LVMH and one of the world’s richest men.
The Chapmans co-founded MatchesFashion, a luxury clothing retailer, in 1987. The company operates several stores in London, but mostly maintains an online presence. Apax Partners bought the company in 2017 for about $535 million.
— Holden Walter-Warner