Fashion designer Tommy Hilfiger has dropped the price of his Plaza Hotel penthouse yet again, this time to $US50 million, according to the Wall Street Journal.
The 5,600-square-foot duplex has been on and off the market since 2013, when Hilfiger and his wife, Dee Ocleppo, first listed it for $US80 million. At the time, that price made it one of the most expensive homes on the market in America.
It was later dropped to $US75 million, then to $US68.95 million, and then to $US58.9 million before it fell off the market in April. It’s now back, having switched realtors again.
The condo is located on the 18th and 19th floors of the Plaza and has four bedrooms with views of Central Park and Fifth Avenue.
Hilfiger and his wife bought two separate units in the hotel for $US25.5 million in 2008, combining them in an extensive renovation. At one point that year, Hilfiger seemed to have second thoughts and tried to unload the apartment mid-renovation, marketing it as a “fixer-upper” for $US50 million, the same price it’s currently listed for.
“I had a couple of offers on it which didn’t come through. One I didn’t accept and the other the guy didn’t come up with the money,” Hilfiger told the WSJ. “I’m of the belief that if it sells, it sells. If it doesn’t sell, I’ll just keep it.”
Nikki Field of Sotheby’s International Realty now has the listing.
Alyson Penn and Megan Willett contributed reporting to earlier versions of this article.
As you can see, the decor is quite grand. Hilfiger has decorated it with priceless art like Andy Warhol paintings and other pieces, but they are not included as part of the sale.
Of course, there's also a wood-paneled library. The wall is engraved with a New York Times sign that once hung in the newspaper's previous headquarters.
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