Steve Madden has called the townhouse at 175 East 73rd Street home for years, but it looks like the other shoe has finally dropped. The affordable footwear giant listed the house yesterday, asking nearly $9 million. (Like a pair of his namesake mid-market shoes, it was priced with a bunch of trailing 9′s.)
Mr. Madden first moved to the Upper East Side as a renter, from a neighborhood with a slightly less distinguished pedigree—the Federal Correctional Complex in Coleman, Florida, where he was serving a 41-month sentence after being convicted of participating in a pump-and-dump stock scheme.
Steve Madden is known for his flashy-yet-affordable shoes, so it might come as a surprise that he has spent the last five years in a rather quaint brownstone on the Upper East Side.
In July 2006, just over a year after he was released from a 31-month prison stay for securities fraud, Mr. Madden and Read More
Steve Madden has officially taken full control of Betsey Johnson‘s company in exchange for taking care of her outstanding bank loan. Ms. Johnson will remain the designer of her label. [Vogue UK]
Thom Browne will host the first proper fashion week show for his new women’s collection in New York in February. Read More
If you can sell lots and lots of mid-priced footwear to teenage girls, you’ll have a lot of money to spend on overpriced New York real estate.
This month, the Far Rockaway–born shoe salesman Steve Madden bought a $2.2 million, two-bedroom apartment at 175 East 73rd Street, a townhouse divided into co-ops. Considering that the Read More
In Milan, Miuccia Prada showed a collection filled with rumpled silks in rich colors that were strung onto the body with cords and bows. But her shoes made a lot of models fall down. (See video above.) [Vogue UK, WSJ]
Even Tim Gunn hasn’t been able to buy Read More