Manhattan Luxury Housing In Freefall: J.Crew CEO Slashes Tribeca Loft Price By Over 40%

And it will only get worse, much, much worse.

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– Manhattan Luxury Housing In Freefall: J.Crew CEO Slashes Tribeca Loft Price By Over 40%:

J. Crew CEO Mickey Drexler has slashed a whopping $15 million from the asking price of his Tribeca loft after it languished on the market for close to two years, unable to find a buyer. The pad has reappeared for sale with a $19.95 million price tag, way below the original $35 million it was first listed for in April 2015

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