Times have been tough for Gawker Media founder Nick Denton. After his company lost a much-publicized lawsuit filed by former pro wrestler Hulk Hogan (and funded by fellow Gawker victim and Paypal co-founder Peter Thiel), they were hit with a $140 million penalty for invasion of privacy. To protect himself from the judgment, Denton filed personal bankruptcy in August.

Now, after a bankruptcy judge denied his request to keep his apartment as a rental property, Denton will be selling the Manhattan abode. He’s asking $4.25 million for the Soho condo, for which he paid $1.87 million back in 2004.

According to the British media entrepreneur’s bankruptcy filing, he still owes $1.73 million on the mortgage for the 2,556-square-foot two-bedroom, with monthly payments of $14,985.

Boasting 13-foot ceilings, cast-iron columns and fixtures, chic wood accent walls, black-painted built-in shelves and a private entrance on Spring Street, the home will be a treat for any downtowner with good taste.

Denton had been trying to rent the apartment, beginning with an asking price of $15,000 a month but had trouble finding a lessee at that price. When it became clear the market would bear no more than $12,500—more than $2,000 less than the carrying costs—Denton’s bankruptcy judge denied permission for the lease, calling it a “short-term solution to what is a long-term problem.”

Photo credit: Ken Chen