By Carolyn Manrique
22 Sep 2023, 09:32 AM EDT
Renowned fashion designer Phillip Lim has decided it is time to put aside the luxurious apartment in Manhattan, New York, in which he invested almost 20 years ago.
The property recently hit the real estate market for $8.5 million. It is also available to rent for $45,000. ‘The Wall Street Journal’ reported that Lim is looking for a new property in the city and in the meantime is living in his home in North Fork, Long Island.
It must be remembered that Lim, an American of Chinese descent, confused the 3.1 Phillip Lim brand in 2005, so it is not surprising that two years later he decided to pay for an apartment in a historic building in New York.
In 2007 the designer paid $2.2 million dollars for the first apartment and in 2011 he invested $1.8 million dollars for the neighboring apartment. Lim initially wanted to use one of the properties as his home and the other as his studio, shortly after he decided to put the two together to create a large luxury loft.
According to specialized media, the designer invested $3 million dollars in the project of combining the two units and decorating the place.
Currently the property has an area of 3,500 square feet distributed in two bedrooms, two full bathrooms, hallway, living room, dining room, kitchen, laundry room and other amenities.
Inside, you can highlight the white oak herringbone floors, large windows, hidden bar, custom shelving and a large black marble sculpture that separates the dining room from the living room.
Although no publication gives details, it is likely that the new owner will be able to access some common building services, such as concierge and security.
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