SELLER: Ian Schrager
LOCATION: Lafayette Street, New York, NY
PRICE: $12,500,000
SIZE: 3,990 square feet, 4 bedrooms, 3.5 bathrooms
DESCRIPTION: …This loft comprises approximately 3,990 square feet interior, three private terraces totaling 530 square feet, and direct access to the common roof deck. Key lock elevator opens directly into large entry foyer. Perfect for entertaining, the grandly scaled living area features soaring 23′ ceilings, 30-degree views from double-hung windows, wood-burning fireplace, open Boffi kitchen with appliances by Viking and Sub-Zero, media room/fourth bedroom, and two private terraces. Two Bedrooms with en-suite baths complete the lower level. The upper level comprises the master suite with private terrace, skylit private gym outfitted with Cybex equipment, and two walk-in closets…

YOUR MAMAS NOTES: Your Mama is a little late to the real estate rodeo on this one having been first discussed a week or two ago in the New York Post. But we’re going to speak on Ian Schrager anyways who recently hoisted his downtown dooplex digs on the market with an asking price of $12,500,000.

Mister Schrager is, of course, a former nightlife impressario and co-owner of the original (and dee-voonly debauched) Studio 54. He went on to become well known and much loved by fashaneestas, hipsters and design queens of all persuasions for his slick and in some cases vexatiously over-worked Philippe Starck designed boo-teek hotels with dark hallways and swinging lobbies that include the Delano in Miami, the Mondrian in Los Angeles, The Clift in San Francisco, the Sanderson and St. Martins Lane hotels in London and the Hudson and Paramount hotels Noo York City. The Paramount, in midtown Manhattan, happens to be the very first New York City hotel in which Your Mama ever stayed where we had a room we’d bet our long bodied bitches Linda and Beverly was smaller than the closet ol’ Paris Hilton stores all her size 11 shoes. Mister Schrager no longer participates in the day to day operations of his hotel babies and has moved on to developing new hotels (like the Julian Schnabel re-designed Gramercy Park Hotel) and high end condo projects in Manhattan where he’s already erected 40 Bond and the John Pawson designed 50 Gramercy Park North to much hullabaloo and fanfare.

Anyhoo, records reveal that Mister Schrager picked up his duplex penthouse on Lafayette Street in June of 2002 for an undisclosed amount of money. Listing information and public records show the heavily mortgaged, three terrace aerie measures 3,990 square feet (prop records show 3,360 square feet) and includes 4 bedrooms and 3.5 bathrooms spread over two floors of clean lines, big windows framing big views, art friendly white walls and dark wood floors.

A key-lock elevator opens directly into the large square-ish entrance hall which acts as a traffic hub for the entire apartment and leads to the open plan living space which includes a Euro-slick Boffi brand kitchen with glacier white counter tops, a window-wrapped dining room, and a double height living room with a wood burning fireplace flanked by French doors that open to largest of lucky Mister Schrager’s three terraces.

On the other side of the entrance hall are two family bedrooms each with a private pooper, a windowed laundry room that would make our imperious house gurl Svetlana weep with envy, a powder pooper and a third bedroom currently used as a media room that opens up to a second terrace.

Upstairs, the master suite hangs over the living room and opens to yet another terrace for hide tanning. There are also two walk in closets, a large bathroom with a party sized shower and an even larger private, sky lit gym with all sorts of fancy contraptions for torturing the body into physical submission. Strangely, according to the floor plan, a large bath tub is tucked into a windowed corner of the gym-nauseam which isn’t exactly where Your Mama would like a bath tub even if we liked to sit in a puddle of our own filth, which we don’t.

A couple of the more notable residents of Mister Schrager’s 30-unit building include former gender bending rock star legend David Bowie and his long necked model wife Iman who shack up in a 5,180 square foot two-unit spread they bought in late 1999 and US magazine editrix in chief Janice Min (who would hire Your Mama to write a column for her if she had any damn sense). Other building residents include a noted dealer of photographs, a sculptress whose work we adore, a textile tycoon, a tony award winning thespian and her former professional tennis player huzband, an Israeli producer and an heir to the the Johnson & Johnson Band-Aid fortune.

According to the good people at City File, Mister Schrager and his new dancing doll ladee-wife Tania Wahlstedt have decamped a few blocks uptown for an 8,500 square foot triplex penthouse pad at 40 Bond, the glass and green steel building he developed with the much lauded architecture firm Herzog de Meuron and where Your Mama understands Rrreeky Martin maintains a Manhattan pied a terre.

In addition to his Manhattan crib, according to property records, Mister Schrager also owns a large oceanfront house in Southampton, NY that happens to sit right next door to the architectural abortion clothing queen Calvin Klein bought in 2003 for $28,900,000 and recently knocked down to make way for a sleek and glassy minimalist mansion designed by architect Michael Haverland. It has been reported that Mister Schrager also owns a house in Miami. We don’t disbelieve the reports, but honestly children, Your Mama could find no record of that.