Billionaire fashion magnate lists Plaza suite for a loss

The Astor Suite at the Plaza hotel — which has hosted various prominent figures including President John F. Kennedy and the Duke and Duchess of Windsor — is back on the market for $19.95 million, down from its original $55 million in 2008. 

The current asking price also marks a loss. Fashion billionaire Jürgen Friedrich, the former head of European operations for the apparel company Esprit, and his wife Anke Beck-Friedrich, bought this suite for $25.49 million in 2007. 

In 2017, Friedrich slashed the price to $39.5 million.

Sources tell The Post that Friedrich stands to lose even more money on the deal, since he invested around $8 million into renovating the residence along with a one-bedroom guest apartment next door.

That latter apartment is also on the market now separately for $2.8 million. The two fifth-floor pads reportedly have some of the highest ceilings inside the Plaza, 14 feet above the floor.

Friedrich hired Steven Gambrel for the renovation. Details included hand-drawn plaster ceilings, English oak paneling and antique fireplace mantels. The smart-wired home also features temperature controls to preserve artwork. 

At one point in 2011, the Astor Suite was the city’s most expensive rental — at a mind-numbing $165,000 a month. Facebook’s founding president Sean Parker lived there for around $125,000 per month in 2013 for over a year during a downtown townhouse renovation.

The listing broker for both units, Charlie Attias, of Compass, declined to comment. 

The couple is selling more than just these Manhattan apartments. They’re also looking to part ways with the Linden Estate, in the Hamptons, for $75 million.

Friedrich and his wife reportedly bought that property for $8.5 million in 1999, and then tried to sell it for $60 million in 2008. It reportedly went into contract for $49 million in 2012, but the deal didn’t go through.

This East End residence runs more than 18,000 square feet — and has 12 bedrooms, 12 bathrooms and other perks including indoor and outdoor pools.

Harald Grant of Sotheby’s International Realty and Tim Davis of Corcoran have that listing.