Under De La Renta

renta Under De La RentaThe stunning Park Avenue co-op apartment underneath fashion icon Oscar de la Renta’s apartment is now back on the market.

The Observer reported in late March that the 4,600-square-foot residence was under contract. But the pesky co-op board squashed the deal, according to a top Upper East Side source.

In the early 1980’s, former Philippines First Lady Imelda Marcos reportedly desired the co-op’s lavish 21-room triplex maisonette before running into difficulties with the board.

The 11-room spread (powder room and all) is available once again for $12.5 million, listed with Amanda Cannon and Cornelia Zagat Eland of Stribling and Associates.

- Michael Calderone