It's hard to believe that Karl Lagerfeld would have a hard time selling his unused Gramercy Park pied-à-terre, but it took two years and a $2 million price chop for the famed Chanel designer to unload his 2,200-square-foot pad at 50 Gramercy Park North.
He's finally sold it to Macquarie banker Sebastian Barrack for $4.5 million, far less than its initial $6.5 million asking price, The New York Post reports.
Lagerfeld purchased the stark white, three-bedroom apartment in 2006 for $6.575 million. Rumor has it he never even actually moved in.
Unfortunately for Barrack, the apartment gets poor natural light and has a high maintenance fee. But it does come with a coveted key to Gramercy Park.
The apartment looks untouched.
The great room has expansive views of Gramercy Park.
The floors are all dark oak.
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