is relisting his Plaza Hotel penthouse, which has been on and off the market since 2013, for $50 million, a 37.5% discount to its original $80 million asking price, he said.
The penthouse was most recently relisted for $58.9 million in November, 2016, before being taken off the market in April. “It’s a dose of reality for Mr. Hilfiger,” said
of Sotheby’s International Realty, the fifth listing agent to tackle the listing since 2013. “Listings are energized by value-related prices. We really feel good about this number.”
The property was most recently listed with
of Douglas Elliman. He declined to comment.
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Mr. Hilfiger and his wife,
bought two units from the building’s developer in 2008 for $25.5 million and combined them to create the home. The roughly 5,600-square-foot space includes a dome and a private terrace overlooking Central Park.
The couple put approximately $20 million into renovating and designing the unit, which is decorated in black lacquer and antiqued mirrors, Ms. Field said. They commissioned the original illustrator of the “Eloise” children’s books,
to design an “Eloise”-themed mural for the interior of the dome. The books featured the little girl who lived on the top floor of the hotel.
Mr. Hilfiger said he is selling the property because the couple is spending most of their time at their home in Greenwich Conn. and in Palm Beach, Fla. where they recently bought a $34 million oceanfront estate. They also put their home in Golden Beach, near Miami, on the market for $27.5 million in February, he said.
Mr. Hilfiger said he’s motivated to sell the Plaza unit, but not desperate. “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,” he said. “I’m of the belief that if it sells, it sells. If it doesn’t sell, I’ll just keep it.”