Designer Tommy Hilfiger Takes $10 Million Off His Plaza Hotel Penthouse

Looking for a great Black Friday bargain? This four-bedroom duplex just underwent a massive pricechop and is up for grabs.

By Archana Aithal Rose November 17, 2016
Photo courtesy of Douglas Elliman

Tommy Hilfiger understands the lure of a good bargain, not just when it comes to designer merchandise, but also designer homes. So, he’s slashed the price on his beloved penthouse in the famed Plaza Hotel by $10 million.

This is a significant drop since it was last listed in January for $69 mill and before that, in 2013, for even more staggering $80 million. Hilfiger snagged the Manhattan home with his wife, Dee Ocleppo in 2008 for $25 million. But even with the bi-annual price cuts, the designer has not been able to unload the dazzling duplex since 2013.

RelatedTop Five Condos For Sale In Manhattan

The Plaza Hotel penthouse, which the fashion tycoon once pegged as his ‘castle in the sky’, has four bedrooms, five baths and the high-gloss finishes you’d expect to see in the atelier’s posh pad. The duplex spans about 6000 square feet, cocooned by the iconic dome atop the plaza with sweeping views of Central Park and Fifth Avenue from its terraces. Split on two levels, the first level of the penthouse is appointed with one large room overlooking Fifth Avenue and the city skyline. There’s a paneled library nook, stocked with the world’s most extensive fashion bibles, a formal dining room, a wet bar and a breakfast room. The first level leads to the second level with a dramatic spiral staircase covered in red carpet.

Upstairs there’s a master suite with a luxurious marble bathroom, a walk-in closet, a dressing room and access to a checkered terrace overlooking Central Park. The top floor also includes three extra bedrooms, two with en-suite baths and one full bath across the hall. Tommy’s artistic flair can be seen all throughout the property. But don’t get too excited: The furniture and art that include select pieces owned by Duke and Duchess of Windsor and an Andy Warhol portrait of Elizabeth Taylor are not included in the asking price.

The much ballyhooed Plaza Hotel has been the setting for the 1955 children’s book Eloise, where the precocious girl kicks up some mischief within its pink walls. In fact, Hilfiger was so inspired by children’s book character that he built his own Eloise room. Its walls are covered in murals painted by Hilary Knight, who illustrated the famous Eloise books. The designer cosmetically refreshed the interiors, blowing $20 mill in renos, while still retaining the Plaza’s original details and glamour.

RelatedKim Jong-Un(der The Radar): North Korea Is Experiencing A Black Market Housing Boom?

Not that this property is small on shine, but its coveted address, One Central Park South, comes with an equally impressive list of amenities- maid service, valet parking, room service and a separate entrance with 24-hour on-call staff. Hilfiger said he was selling the penthouse since he and his wife spend more time at their other homes in Connecticut, Miami and the Caribbean Island. The colossally costly Plaza property would also clock in an extra $8,695 in taxes and another $8,398 in maintenance fees. To negotiate a better price on Tommy’s digs, contact Oren Alexander of Douglas Elliman Real Estate. Black Friday is coming up—you might as well drive a hard bargain.

Archana Aithal Rose

ABOUT THE AUTHOR Archana Aithal Rose

ABOUT THE AUTHOR Archana Aithal Rose

Archana Aithal Rose’s articles have appeared in The Times of India, CNNGo, Condé Nast Traveler and Vogue, covering such broad range of topics as fashion, art, travel, culture, celebrities, architecture and technology. In addition to writing, Archana's also known for her mad photography and cooking skills.

    Avocado toasts are the reason why millennials can’t afford a home, says one Australian real estate developer. #AvocadoToast #Millennials
    Five years on since Superstorm Sandy, Queens’ coastal peninsula is in the midst of a development boom. #Development #Rockaways
    It turns out, renters can’t get enough of good ol’ no-doorman-no-frills apartments. Too bad developers aren’t building any. #Doorman #LuxuryRentals
The Housing Market In Shenzhen, The Silicon Valley of China, Slows In 2017
The city of Shenzhen has been on the real estate radar for quite some time. It is known as the Silicon Valley of China. Many…
Developers Jump Aboard The Trend To Revamp Transit Hubs And Remake Cities
Never has the often used marketing term, “close to transportation” been more important when attracting home buyers. These days it’s not just homes that are…
Millennials Are Fueling The Current Sizzling Real Estate Market
Ever wondered why the hosts of home improvement shows seem to be getting progressively younger, along with the fresh-faced couples getting their new properties made…
The Best Cities For Recent Grads To Rent – Without Blowing Their Entire Paycheck
What’s next post graduation? For most, the logical answer is to find a job. After the excitement of finishing your studies and the big celebration,…
Luxury Knows No Limit In Malaysia As A Deluge Of New Developments Hit The Market
The amount of newly constructed high-end real estate in Malaysia is almost as abundant as the lush vegetation which covers the tropical landscape. Despite vacant…
Don’t Call It A Commune – Upscale Co-Living Is Attracting Major Development
What may have once been referred to as a commune is today termed a co-living space. The big news that it’s not hippies with hemp…
It’s Official—New York Is Now The Most Expensive City In The World To Build
As if you didn’t already know, it’s expensive to build in New York City. Not just expensive but now officially the most expensive place in…
An Ultimate Destination For The Most Comprehensive Real Estate Data, Agorafy Prepares To Launch Nationwide
In the coming days, Agorafy will be entering a new chapter. It is the beginning of a new growth cycle in real estate technology with…

TOP 10