Fashion designer Tommy Hilfiger is hoping the fifth time's the charm. The 66-year-old and his wife, Dee Ocleppo, have now dropped the price of their Plaza Hotel penthouse for a fifth time.
The 6,050-square-foot duplex, which has been on and off the market since 2013, was first listed for $80 million. The price was then decreased to $75 million, then $68.95 million, and then to $58.9 million in November 2016 before being taken off the market in April 2017. Five months later it's back on the market for $50 million – a 37.5% deduction from its initial asking price – with another realtor switch-up.
In 2008, the couple bought two separate units within the Plaza for $25.5 million and contracted an extensive renovation to combine them. The four-bedroom condo is located on the 18th and 19th floors of the hotel and has views of Central Park and Fifth Avenue.
Not long after closing, Hilfiger tried to unload the apartment mid-renovation for $50 million – the same price the fully-renovated, French-Renaissance style pad is currently listed for.
Nikki Field and Amanda Field Jordan of Sotheby's International Realty now have this listing.