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Maurizio Gucci’s Penthouse in Fifth Avenue, NY (Listed for $35 Million)

This is the great room of the penthouse with a recieving area and a living room area on the far side that are bathed in natural lighting from the glass walls. Image courtesy of Toptenrealestatedeals.com.


Maurizio Gucci is the son of Guccio Gucci, the founder of the Gucci fashion house. He bought the penthouse in the 1970s and passed it on to his two daughters, Alessandra and Allegra Gucci who listed the penthouse for $35 million.

The penthouse is measured at 9,500 square feet with two units, two eat-in kitchens, two fireplaces, two private elevators and two stairwells. The two units total to eight bedrooms and ten bathrooms. The penthouse also boasts of 14-foot glass walls, city and river views, two primary suites with walk-in closets, dressing areas, jetted tubs, a sauna, a paneled den, and a 16-foot skylight.

The Olympic Tower penthouse of the Gucci sisters in New York that they inherited from their father is listed under the Corcoran Real Estate Group.

All photos are used with permission from TopTenRealEstateDeals.com

Sisters Alessandra and Allegra Gucci are the great granddaughters of Guccio Gucci, the founder of the Gucci fashion house producing designs that have been staples of the wealthy for three generations. The sisters’ lives are now comfortably settled after inheriting millions from their father, Maurizio, after he sold his share of Gucci to an investment firm in 1993 for a reported $170 million.

A known playboy and flagrant spender, it was said that he was $40 million in debt, forcing the sale. In 1995 he was gunned down outside his office in a gangland-style murder. Since 1985 when he walked out on his wife, Patrizia Reggiani, and daughters Alessandra and Allegra for a younger woman, the sisters had been living with their mother. In 1998, Patrizia was convicted of hiring a hit man to kill Maurizio claiming she was angry about receiving only $650,000 in the divorce settlement. She was released on parole in 2014 after serving 16 years.

The two-story Olympic Tower penthouse was purchased in the 1970s by Maurizio and is set up as two units – each with kitchens, fireplaces, private elevators and stairwells. The combined units contain eight bedrooms and ten baths encompassing 9,500-square-feet. Alessandra and Allegra originally listed it in the summer of 2015 for $45 million, but took it off the market, changed agents and relisted it in June at $35 million – a price more in line with others in the building.

Located on the 50th and 51st floors with 14-foot ceiling-to-floor glass walls, the duplex has dramatic city and river views with sunny east, south and west exposure. The two master suites each have walk-in closets, dressing area, jetted tubs and a sauna. The panelled den has a wood-burning fireplace and a 16-foot skylight and the eat-in kitchen has high-end appliances, a service kitchen, pantry and views of the Empire State Building.

The Gucci sisters have listed their New York City Fifth Avenue penthouse in the white glove-serviced Olympic Tower for $35 million.

Source: www.corcoran.com

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