Ralph Lauren & Wife Purchase $4M Upper East Side Luxury Co-op
By: Serach Nissim
Ralph Lauren and his wife Ricky added a new home to their portfolio.
As reported by the NY Post, the fashion designer purchased a $4 million co-op apartment in the Upper East Side. The duplex apartment was sold from the estate of Nancy Norman Lassalle, a patron of the School of American Ballet (SAB) and one of the founding board members of SAB and the New York City Ballet, property records show.
The apartment is located at 1107 Fifth Ave, a 13-story luxury residential building housing 26-units, on the corner of 92nd Street. It was built in 1924 by the George A. Fuller Company and designed by W.K. Rouse and L.A. Gladstone.
The Laurens raised their children in the duplex. The interior design of the home was initially done by the iconic late interior designer Angelo Donghia. In 2012, the Laurens had a gut renovation done, following three decades in the home. An Elle Décor article, featuring the home at the time, said the renovation served in part to “repurposed” their kids’ bedrooms, showing off the new look, featuring open spaces and clean lines.
Mr. Lauren and his wife already own another apartment in the building, having owned that one for over four decades now. The pad boasts impressive Central Park and reservoir views.
The building was constructed on the site of Marjorie Merriweather Post Hutton’s mansion. As per the NY Post, Close to 100 years ago, Fuller had convinced Mrs. Hutton, the cereal heiress, to sell the estate, and promised to recreated her former home on the building’s top three floors. He was true to his word, building her a 54-room triplex penthouse with a private entrance at 2 E. 92nd St. The interiors of the original mansion were fitted into that penthouse. Years later, that oversized penthouse was split into six separate apartments, with nine-rooms each.
The Laurens also own a 17,000 sq foot manor built in 1919 in Bedford, New York, as well as a 17,000-acre cattle ranch in Ridgway, Colorado. The 82-year-old designer, philanthropist, and billionaire businessman, who was born in the Bronx to Ashkenazi Jewish immigrants, has an estimated net worth of $6.9 billion in 2022. Mr. Lauren shares three children with his wife Ricky, whom he married in 1964. He currently serves as the Executive Chairman of Ralph Lauren Corporation.