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Nobody wants to buy Tommy Hilfiger's $58.9 million penthouse in the Plaza Hotel


Tommy Hilfiger Plaza penthouse

Fashion designer Tommy Hilfiger has dropped the price of his Plaza Hotel penthouse yet again, this time to $58.9 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 $80 million. At the time that made it one of the most expensive homes on the market in America.

It was later dropped to $75 million, and then to $68.95 million before dropping off the market a few months ago. It's now back, having switched realtors.

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 $25.5 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 $50 million. The price is now a mere $9 million more than that.

Douglas Elliman Real Estate now has the listing.

Alyson Penn and Megan Willett contributed reporting to past versions of this story.

SEE ALSO: A 30-year-old cofounder of 2 billion-dollar companies reportedly bought San Francisco's most expensive home

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Welcome to Tommy Hilfiger's duplex at the top of New York's Plaza Hotel.

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.

His All-American style is pervasive. “It’s not your cookie cutter new condo,” the listing agent told the Wall Street Journal.

See the rest of the story at Business Insider

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