Jimmy Choo co-founder Tamara Mellon sells condo for $19M

Shoe designer paid $18.4M for Greenwich Lane condo in 2016

TRD New York /
Dec.December 26, 2019 04:45 PM
Tamara Mellon and her former home at 155 West 11th Street (Credit: Getty Images)

Tamara Mellon and her former home at 155 West 11th Street (Credit: Getty Images)

Jimmy Choo co-founder Tamara Mellon has found a well-heeled buyer for her Greenwich Village condominium.

Property records show an anonymous buyer shelled out $18.8 million the eighth-floor spread at the Greenwich Lane, a complex with five buildings and five townhouses developed by the Rudin family and Global Holdings.

Mellon’s apartment at 155 West 11th Street is 3,965 square feet with three bedrooms, an eat-in kitchen and 1,264 square feet of private outdoor space. She first listed it in August for $19.8 million, and the final sale price works out to $4,741 per square foot. The Corcoran Group’s Carrie Chiang had the listing. She did not immediately respond to a request for comment.

Records show Mellon — who left Jimmy Choo in 2011 — paid $18.4 million for the unit in 2016. That was also the year she launched an eponymous shoe line with Jill Layfield and Tania Spinelli.

Her Greenwich Village condo, which went into contract in September, spent just 60 days on the market, according to StreetEasy. It’s an unusual feat given the slowdown in the luxury sector. Overall, the number of pending sales above $4 million dropped 16 percent year over year to 935, according to a new report from Olshan Realty.

In Greenwich Village, there was a double-digit drop in closings during the third quarter, according to data from the Corcoran Group. Overall, the median price of sales Downtown dropped 8 percent to $1.4 million.

Mellon also owns a penthouse at the 1913 Carhart Mansion, at 3 East 95th Street. The duplex, with 7,140 square feet, has terraces spanning 5,290 square feet. She first listed it in 2014 asking $34 million, and later cut the price to $27 million. It’s currently on the market for $25 million.

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