Karl Lagerfield’s Gramercy Park Apartment Sale To Be A Big, Fashionable Event

Here is some exciting news on the real estate front. Karl Lagerfield, the man behind Chanel, has decided to sell his home at the exclusive 50 Gramercy Park North. Lagerfield had bought the home in 2006 for a whopping $6.575 million. Since then, he has never moved in here. And now, he is set to sell the apartment (which is sure to be on many people’s wish lists) for $5.5 million. That is a whole million less than what he paid.

According to sources, Lagerfield had bought the apartment with plans of turning it into a retirement pad. But retirement seems a far cry for this entrepreneur. In fact, he has never lived in the sixth-floor apartment since the 2006 purchase.

Nevertheless, the 50 Gramercy Park North apartment is nothing short of wonderful. There are three bedrooms and three and a half baths. There is also a key to Gramercy Park. Residents will have access to a beautiful view of the park thanks to the large windows stretching from the floor to the ceiling. An additional treat will be the custom bookshelves that Lagerfield had designed for his own collection. Plus, there are plenty of closets in which to tuck away designer duds.

This being Lagerfield’s apartment, its selling has been planned like an event. There will be an “installation of images”, a book reading by Jill Kargman (daughter of former Chanel exec Arie Kopelman), and best of all, the closets are going to be bursting with Chanel bags. Trust Lagerfield to make real estate fashionable and fun.

Via: NY Post

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