Gianni Versace’s former New York mansion costs $70 million
It’s a fashionable outfit.
A 35-foot-wide neoclassical limestone property that once belonged to the late Italian fashion designer Gianni Versace listed for $70 millionaccording to its listing brokerage and a report in the the wall street journal.
Not only does this price buy an enduring piece of Versace’s heritage, it also secures a large stretch of East 64th Street with 17 rooms, six floors, approximately 14,175 square feet of interior space and 3,025 square feet outside. ‘outside.
Versace, which launched its eponymous fashion house in 1978, bought that house for $7.5 million in 1995, or about $14.34 million in today’s figures. Two years later, in July 1997, 27-year-old serial killer Andrew Cunanan murdered 50-year-old Versace on the front porch of his Miami Beach mansion – the events of which most recently published in the 2018 FX series “The Assassination of Gianni Versace: American Crime Story”.
(This Miami Beach property, located on Ocean Drive and away from the tourist hotspots of South Beach, now operates as an upscale hotel named Villa Casa Casuarina.)
The current owners of the New York property are Swedish hedge fund manager Thomas Sandell, 61, and his 46-year-old wife, Ximena Sandell. The Journal notes that they bought the house in 2005 for $30 million from the Versace family.
To this day, four floors of the property still feature finishes installed by Versace himself — among them marble floors, painted ceilings and walls, and classic columns. The Sandells have restored a number of these keys.
“We have continued extensive restorations and renovations with an incredible team of artists and craftsmen honoring the magnificent legacy left by Gianni Versace,” the couple told the Journal in a statement.
For example, the Great Hall has a ceiling with restored 19th-century panels that Versace salvaged from a Florentine palace.
“It’s like stepping into Gianni Versace’s ‘Alice in Wonderland,'” Nikki Field, of Sotheby’s International Realty – who shares the listing with her daughter, Amanda Field Jordan – told the Journal. She added that the couple are “Versace enthusiasts” and that they “have been guardians of this work of art”.
“He’s going to be bought by someone who has the same respect,” Field added.
The top two floors, however, are redesigned. The fifth level includes a Moroccan-style media room, as well as a game room featuring arcade games.
Other benefits of the house include French windows which overlook a trellis garden below. A balcony that runs the full length of the rear of the property also overlooks this green space. Upstairs, a rooftop terrace has a gazebo with views of Fifth and Madison Avenues, and a new owner can fit up to nine bedrooms inside. The kitchen with dining area has just been renovated, the inscription notes and the furniture inspired by Versace are also available for purchase.
The mansion was previously on the market, but for rent, according to the Journal. He used to charge $100,000 a month. One tenant, city developer Joe Chetrit, sued Thomas Sandell and alleged there were maintenance issues with the house. But Field told the Journal the matter was “amicably resolved.”
The Sandells now have another property on the market: a plot of around 10 acres on Meadow Lane in Southampton that is asking for $75 million.