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Karl Lagerfeld Finally Sells Gramercy Park Pad for $4.5M

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When Karl Lagerfeld's condop at 50 Gramercy Park North was taken off the market last month, we weren't sure if he had actually found a buyer. After all, the fashion legend had been unsuccessfully trying to sell it on and off for the last few years. But the Post spotted public records that show that this time, the apartment did indeed sell?congrats, Karl! It sold for $4.5 million, which is $2.25 million less than he paid for it in 2006, and less than every single asking price he's ever tried. According to the Post, Lagerfeld never actually moved in, and the 2,150-square-foot pad gets poor natural light and has high maintenance costs, which contributed to the price cuts.

· Lagerfeld Pad a $4.5M 'Dump' [NYP]
· Listing: 50 Gramercy Park North, #6A [StreetEasy]
· Karl Lagerfeld coverage [Curbed]

50 Gramercy Park North

50 Gramercy Park North, New York, NY 10010