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Fashion Designer Derek Lam Sells Soho Loft for $5.25 Million

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Fashion designer Derek Lam, along with his partner/CEO of his company Jan-Hendrik Schlottmann, bought a 3BR/3BA loft in Soho's Mercer Greene (where Rihanna once rented) in 2011, paying $4.65 million. After putting the apartment back on the market last year for $6 million, Lam and Schlottmann have parted with it to the tune of $5.25 million, the Post reports. The 2,117-square-foot unit is split between two levels, with the master suite above and everything else below, including a bronze-faced fireplace, huge windows, and translucent sliding panels that you can use to rearrange the kitchen and living room.

· Listing: 92 Greene Street #5 [Streeteasy]
· Upper East Side townhouse selling for $6.995M [NYP]
· 92 Greene Street coverage [Curbed]