Karl Lagerfeld's Gramercy Park Apartment Is Back On The Market For $5.2 Million

karl lagerfeld apartment gramercy park north

Photo: Prudential Douglas Elliman Real Estate

Gramercy Park real estate is coveted in New York City—especially when a celebrity used to own the pad.One would think Karl Lagerfeld, the famed German fashion designer who is the creative director at Chanel, would have no problem selling his 50 Gramercy Park North apartment. But the place has been on and off the market the past year, with no real prospective buyers.

It’s now listed yet again, at a low $5.2 million, according to Curbed.

Lagerfeld purchased the stark white, 2,200-square-foot apartment in 2006 for $6.575 million. rumour has it he never even actually moved in.

After debating whether to sell or not, he listed the apartment last summer for $6.5 million. After no bites, he dropped the price to $5.2 million. As the listing grew cold, the apartment was pulled from the market until this week.

The apartment features three bedrooms and three-and-a-half baths.

Lagerfeld gained notoriety from his work at Chanel, where he has been since 1983, and is also known for his work at the Italian fashion house, Fendi, as well as his fashion photography.

Upon entering, you walk into a large foyer that leads to the great room.

The great room has 40-foot-views of Gramercy Park. If you move in, you'll get a key to the actual park, too.

The floors are all dark oak.

The white ceilings and large windows really open up the space.

From the listing photos, it appears the rumours are true: Lagerfeld never moved in.

There are built-in bookshelves on two walls of the library/office area. We can't think of a better way to spend a Sunday afternoon than reading with a view of the park.

The kitchen features Varenna cherry wood cabinets, stainless steel countertops, and Miele appliances.

The bedrooms are not huge, but the natural light is beautiful.

This bedroom has a bathroom attached.

We're not huge fans of the green tile, but we like the modern sink.

And in case you were wondering what the view was like...

Want to get in to Gramercy Park but can't afford the real estate?

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