Facebook co-founder Chris Hughes sells NYC home for a loss

Facebook co-founder Chris Hughes has sold his New York City townhouse for a loss.

Records filed Monday with the city’s department of Finance show that Hughes sold his property at 157 W. 12th St. for $19.5 million.

Hughes, 36, and his political activist husband Sean Eldridge, 33, purchased the Greenwich Village home for $22.3 million in 2015, records also show.

That means they sold it for $2.8 million less than they paid.

Hughes joined Mark Zuckerberg and two other Harvard undergraduates to launch TheFacebook.com out of their dorm rooms in 2004, then reportedly left the company in 2007.

Hughes and Eldridge are listed under a limited liability corporation in the townhouse deed — but Hughes’s name and signature appear as the LLC’s authorized signatory.

Described in its listing as an 1840s Greek Revival townhouse, the home hit the market in August 2019 for $26 million. In February of this year, the asking price dropped 17 percent to $21.5 million.

The buyer, listed in public record as 157 Townhouse LLC, could not immediately be further identified. The Corcoran Group, which marketed this listing, declined to commeny.

The 20-foot-wide home has four bedrooms and 6½ bathrooms over about 6,000 square feet of living space. Listing images show a number of roomy entertainment areas, including front and rear living rooms on the parlor level, and floor-to-ceiling windows. The home includes a number of fireplaces, a chef’s kitchen with Wolf and Miele appliances and, separately, a carriage house that’s accessed via a private underground walkway.

There’s also a basement with a screening room and a wine-tasting room. And on the roof, there’s a planted roof garden, which is one of the property’s five outdoor spaces.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *