J.Crew CEO Mickey Drexler has done it again.
He just snapped up a trophy co-op in trendy TriBeCa for more than its $13.5 million asking price.
The sprawling five-bedroom, 4.5 bath, 6,226- square-foot unit at 140 Franklin St. is in a landmarked 1887 Romanesque revival building converted to luxury units in 2000.
The prized residence was on the market for around a week and was subject to a bidding war, sources told The Post.
“He basically walked in, saw it and decided he had to have it,” a source close to Drexler said.
While it surely isn’t the most expensive home in Manhattan, the Franklin Street unit is considered by real estate experts to be one of the best offerings downtown.
It’s a full floor loft with a great layout in a building with original iron cast columns and arched mahogany wood-frame windows.
It also comes with a chef’s kitchen, a 150-bottle wine cave, a media room with fireplace and a library.
The sellers, Phillip and Tracey Riese, bought it for $4.545 million in 2000.
Since leaving American Express in 1998, Riese has has focused on building Riese & Others, an adviser to and co-investor with venture-capital and private-equity firms.
Drexler, 67, who grew up in The Bronx, is the executive who expanded retailer Gap in the 1990s from a regional player into a national powerhouse.
Two years ago, The Post reported exclusively Drexler’s purchase of the country’s oldest working cattle farm in Montauk – a 17.5-acre parcel adjacent to 1,200 acres of preserved land.
That’s near a 5.6-acre oceanfront estate previously owned by Andy Warhol, which the J. Crew honcho purchased six years ago for close to $30 million.