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New York

Fashion designer Derek Lam buys Gramercy Park pad for $4.8M

He recently sold his Soho triplex

50 Gramercy Park North
50 Gramercy Park North

Fashion designer Derek Lam is moving to Gramercy Park. Shortly after selling his Soho loft, he closed on a three-bedroom condop at the 17-story building at 50 Gramercy Park North for $4.8 million.

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Corcoran Group broker James Morgan represented Lam, while Douglas Elliman brokers Paige Neuhauser and Kirk Rundhaug represented the seller, the New York Daily News reported. The apartment features floor-to-ceiling windows, room service and access to the gym.

Lam and his partner Jan-Hendrik Schlottmann unloaded their three-bedroom triplex at 92 Greene Street for $5.25 million in the past month, as previously reported. Lam and Schlottmann purchased the property for $4.65 million in 2011. [NYDN] — Mark Maurer