Massimo Ferragamo’s Park Avenue duplex hits the market

The co-op at 655 Park was listed in 2010 for $16M

May.May 18, 2018 12:45 PM

Massimo Ferragamo and 655 Park Avenue (Credit: Getty Images)

Massimo Ferragamo’s sprawling apartment at 655 Park Avenue is hitting the market for $18 million.

Ferragamo, the chairman of the Italian fashion house’s American line, is listing the 15-room co-op apartment, according to the New York Times. Chase Landow and Ryan Serhant of Nest Seekers International have the listing.

“The apartment is just too big for us and we do not need so much space,” Ferragamo told the Times.

The duplex — close to Central Park — measures about 5,800 square feet, has five bedrooms, seven baths as well as separate staff quarters, the report said. Ferragamo noted that he and his wife made various renovations over the years.

The unit was previously listed in 2010 for $16 million, but was taken off the market after eight months. The Ferragamos created the duplex by combining two units purchased in 1993 and 1996.

Ferragamo, whose father started the fashion house, now has his main residence in Italy’s Tuscany region.

There are two other units listed for sale at the white glove co-op, at $4.9 million and $4 million. [NYT]Meenal Vamburkar

Related Articles

From left: Milos Raonic, Venus Williams, Serena Williams and Novak Djokovic (Credit: Getty Images)

Luxury real estate anyone? US Open stars and their palatial pads

Here are the week’s top luxury sales

Here are the week’s top luxury sales

Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

340 East 51st Street and from left: Ofer Yardeni, Alex Rodriguez and Adam Modlin (Credit: Getty Images, Google Maps)

Alex Rodriguez partnership buys first New York apartment building

Linda Ellerbee and 17 St. Luke’s Place

Famed journalist and singer unload their New York City homes

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave