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NYC Living

Power Couple Hughes/Eldridge Sell Power Property for $8.5M

Update (Jan. 21, 2016): Facebook co-founder Chris Hughes and his husband Sean Eldridge, the financier and former Democratic congressional candidate, have sold their Soho apartment at 30 Crosby for $8.5M just shy of the original asking price of $8.75M. According to 6sqft, it is uncertain where the power couple will move but there is speculation that the have bought a $22.3M townhouse in the West Village.

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Power couple Chris Hughes and Sean Eldridge are no strangers to doing things in a big way, so it’s no surprise that their luxuriously sophisticated Soho loft specs out at just over a whopping 4,100 square feet. In a building called The Loft, the Hughes/Eldridge unit is a largely definitive example.

But now the wonder boys of Facebook, Obama’s historic web campaign, Congressional bids and magazine takeovers have apparently decided they don’t want the condo any longer, so they’ve listed the 30 Crosby Street gem for $8.75 million.

Stoked by 12-foot ceilings and a grand living room that runs almost 40-feet long, the pair bought the unit in 2010 for $4.8 million, but bulked up the interior space to include a formal dining room, a library and huge kitchen connected to a west wing that features 3 bedrooms.

The Wall Street Journal reports that the couple are planning to use the loft to host a fundraiser for Democratic presidential candidate Hillary Clinton, just as they have for many other Democrat politicians in the past. There’s no word on why Hughes and Eldridge are moving on.

It’s also not as if the couple are hurting for a place to call home. Hughes, who co-founded Facebook with Mark Zuckerberg, and Eldridge, an investor who ran unsuccessfully for the U.S. House of Representatives, were famously scrutinized for buying not one, but two mansions about 50 miles north of New York City. The first property was a $5 million farmhouse in the 18th Congressional District, but when the politically ambitious Eldridge saw that seat could not be won, the couple bought a $2 million property in the 19th CD.

The failed congressional run, coupled with Hughes’ controversial purchase and management of The National Review, has wreaked havoc on the couple’s golden status as the young “IT” couple at the nexus of progressive politics and media/tech ventures. Vanity Fair has a write-up about their fall from grace in its July 2015 issue.

After a tough year of negative backlash, perhaps the fellas are just taking a breather from the NYC scene — though that’s unlikely. Hughes’ magazine is now published in Manhattan after a long run in D.C., so, maybe they’re just moving up, not on.

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Laura Vecsey

Laura Vecsey is a former sports columnist, news reporter and politics writer and has worked for the Seattle Post-Intelligencer, Baltimore Sun, Albany (N.Y.) Times-Union and Harrisburg Patriot-News. She was also a regional editor with Examiner.com. She is a graduate of Sarah Lawrence College.