Valentino’s partner puts Pierre pad on market for $12.5M

New York /
Jun.June 25, 2010 01:00 PM

Giancarlo Giammetti, at right, has listed his two-bedroom co-op at 795 Fifth Avenue for $12.5 million

A two-bedroom co-op apartment in the Pierre Hotel, owned by fashion icon Valentino Garavani’s business partner, has just hit the market for $12.5 million.

Italian Giancarlo Giammetti, honorary president of the Valentino Fashion House, bought the unit in 2007 for $7.5 million from
Pierre Berge, the French co-founder of Yves Saint Laurent Couture House, according to property records. Steven Rabinowitz, a real estate attorney for Phillips Nizer, who represented Giammetti in the purchase, declined to comment on the apartment.

The co-op and hotel at 795 Fifth Avenue and 61st Street is a landmark, originally designed by the New York firm of Schultze and Weaver as a skyscraper rising from a limestone-fronted Louis XVI base. Last year, it underwent a $100 million renovation.

Listing broker Martha Kramer of Brown Harris Stevens declined to comment on the unit.

The apartment features a 30-foot long corner living room which has unobstructed views of Central Park, according to the listing. The master bedroom is upholstered in silk, while the second bedroom, currently used as a library, has hidden pocket doors with floor-to-ceiling bookcases on either side. Every room has a custom designed high-tech sound system which is CD and iPod compatible, and the lighting is activated by a one-touch control system. Apartment owners have access to the hotel amenities, which include a concierge service, maid service cleaning service, valet parking and 24 hour room service.

 

Related Articles

arrow_forward_ios
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
Matt Lauer exposes Hamptons estate to the market
 Fredrik Eklund and the property (Getty, Steve Frankel)
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Fredrik Eklund lists Bel Air mansion for rent as family moves to “forever home”
Gordon Ramsey and his Lucky Cat restaurant (Lucky Cat)
Gordon Ramsay to open first South Florida restaurant in Miami Beach
Gordon Ramsay to open first South Florida restaurant in Miami Beach
 Jeff Sutton of Wharton Properties, 25 West 34th Street in NYC (Google Maps)
Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
Jeff Sutton’s Midtown hotel project snags Sonder as first tenant
Carlyle's Kewsong Lee and Jason Hart with 22-22 Jackson Avenue (Carlyle Group, ODA Architecture)
For $85M, Carlyle nabs another LIC resi building
For $85M, Carlyle nabs another LIC resi building
City law protecting commercial tenants upheld on appeal
City law protecting commercial tenants upheld on appeal
City law protecting commercial tenants upheld on appeal
Photo Illustration of Elon Musk (Getty)
Musk could save $2B in California taxes on Texas move
Musk could save $2B in California taxes on Texas move
Dov Hertz lands $442M loan for Sunset Park warehouse project
Dov Hertz lands $442M loan for Sunset Park warehouse project
Dov Hertz lands $442M loan for Sunset Park warehouse project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...