The Tribeca home most likely meant by “Mickey Drexler’s $29 million home” is 464 Greenwich Street, a former coffee-roasting plant converted into a five-story townhouse. It was reported listed for $29.95 million in 2016—not sold for that amount—and The Real Deal later reported a $23.5 million sale in 2023. The identification is an inference: Drexler also owned a separate Tribeca loft at 140 Franklin Street.
Which Tribeca home did the $29 million headline refer to?
The strongest match is 464 Greenwich Street. The Wall Street Journal reported in May 2016 that Drexler was putting the townhouse on the market for $29.95 million. That listing price explains the rounded “$29 million” framing, but it is not the home’s eventual reported sale price.
The distinction matters because Drexler’s other Tribeca property was a separate condominium at 140 Franklin Street. The loft was reported sold in 2018 for $19 million; it was not the Greenwich Street townhouse.
What happened to the townhouse’s price?
| Date | Reported event | Price |
|---|---|---|
| 2008 | Drexler’s purchase of the Greenwich Street building, as reported by The Wall Street Journal in 2016 | $5.5 million |
| 2016 | Townhouse asking price reported by The Wall Street Journal | $29.95 million |
| 2021 | Listing reported by The Real Deal | $30 million |
| 2023 | Sale reported by The Real Deal | $23.5 million |
The prices describe different moments and types of transaction: the 2016 and 2021 figures were reported asking prices, while the 2023 figure was the reported sale. The 2016 ask should not be treated as a current valuation.
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What was inside 464 Greenwich Street?
The Wall Street Journal described a roughly 9,000-square-foot, five-story home with five bedrooms. Its amenities included an elevator, a rooftop terrace with Hudson River views, and a cellar with a sauna and gym. The account presents a large private residence rather than a conventional apartment: the vertical layout makes the elevator and rooftop space especially notable.
How did an industrial building become a home?
The building began as a coffee-roasting plant. Drexler worked with architect and designer Thierry Despont on its conversion, retaining exposed steel, wood, and brick rather than concealing the structure’s industrial character. The renovation was reported completed in 2015.
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That combination—industrial materials alongside residential amenities—helps explain what made the property distinctive. The design details and amenities above are those reported for the Greenwich Street townhouse, not the Franklin Street loft.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How the separate 140 Franklin Street loft differs
The other Tribeca property associated with Drexler was a five-bedroom condominium at 140 Franklin Street, reported at 6,266 square feet. It was reported sold for $19 million in 2018. New York City Department of Finance’s annualized sales file records a $19 million transaction for apartment 5-BC dated May 10, 2018.
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That public transaction record corroborates the loft’s sale, but it does not establish the history or value of 464 Greenwich Street. Keeping the addresses separate avoids attaching the loft’s size or sale price to the townhouse.
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