Billionaire Jürgen Friedrich Selling Historic Plaza Hotel Suite for Below-Purchase $20M

Billionaire Jürgen Friedrich Selling Historic Plaza Hotel Suite for Below-Purchase $20M

Published: June 10, 2021 | By: American Luxury Staff

A historic suite in Manhattan’s Plaza Hotel is being sold by fashion mogul Jürgen Friedrich. The residence — likely owned as a pied-a-terre by Friedrich — moved into pending status recently.

The property had been priced at $19.95 million prior to the listing change, but Friedrich had been trying to sell it since 2008, and for as much as $55 million. If it closes at its current ask, it will register as a loss for its current owner, who purchased the property for $25.49 million in 2007 and plowed a further $8 million into renovations, according to The New York Post.

The unit is known as the Astor Suite, and among the people who stayed here number John F. Kennedy and the Duke and Duchess of Windsor, according to listing materials. The corner suite takes in a panorama of Central Park and Fifth Avenue. The 4,299 sq. ft. property contains four bedrooms and five baths.

When the suite was transformed into a residence, a detail-heavy approach was taken by the craftsmen. Among the treats for the eyes: custom millwork, 12-foot ceilings, hand-drawn plaster, carved marble fireplaces, oak paneling, herringbone and inlaid oak floors, and hand-hammered leather walls. The residence features a charming galley kitchen, as well as more formal living and dining rooms. Amenities include a library with built-in bookshelves and a modern coffered ceiling.

The master suite boasts a bedroom with a marble fireplace, a bath almost entirely sheathed in marble, an office, and a large walk-in closet. The layout places it on one arm of the L-shaped building, with the other three bedrooms located at the opposite end. All bedrooms have superb city or park views.

3699 June 10, 2021 Real Estate June 10, 2021