Real Estate
Gawker Founder Nick Denton Pressured to Sell His SoHo Condo
The founder of the departed media website was looking to rent out his apartment instead, according to reports.
SOHO, NY — Gawker founder Nick Denton again felt the leg drop of Hulk Hogan on Wednesday as a Manhattan judge refused to allow Denton to rent his condo — as opposed to selling it to pay off his $10 million lawsuit loss to the ex-wrestler.
The Daily News reports Denton was looking to rent out his $4.2 million SoHo condo in order to pay off his monthly mortgage and condo fees. But a judge nixed that on Wednesday as Hogan's lawyer pushed for Denton to sell the asset.
Denton declared bankruptcy on Aug. 1 after being ordered to personally pay $10 million to the wrestler in addition to a $140 million judgment against Gawker Media. A Florida jury awarded Hogan the victory earlier this year after Gawker was sued for publishing a sex tape with the wrestler and his friend's wife.
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Denton's 50th birthday was on Wednesday.
The condo at 76 Crosby St. is 2,556 square feet, 12-foot ceilings and a Japanese soaking tub, according to the Real Deal.
Find out what's happening in SoHo-Little Italyfor free with the latest updates from Patch.
Univision purchased Gawker Media, and shut down the site, last week.
Photo Credit: 76 Crosby St., Google Maps Street View circa September 2014
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