Paying for the privilege: The monthly fee for property is over $7,000
A Home Fit For Chanel's Guru: The Sleek Manhattan Home Complete With Mannequins That Karl Lagerfeld Sold For $4.5m -- Daily Mail
* Chanel's creative director bought exclusive apartment in 2006
* Lagerfeld first tried to sell luxury pad for $6.5 million in 2011 but completed deal for $4.5 million just a few weeks ago
You wouldn't expect Karl Lagerfeld to have any difficulty selling a luxury apartment in one of the most sought-after residential areas in New York City.
But it took the fashion icon two years to get the 2,200-square-foot property in Gramercy Park off his hands.
The legendary Chanel designer also had to drop his asking price by $2 million to complete the sale.
Reports suggest that Lagerfeld never actually moved in.
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My Comment: Nothing special about the place .... he is lucky he got $4.5 million. But a monthly fee of $7,000. Shesshhh ....
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