Model Mogul Paolo Zampolli Sells Gramercy Penthouse for $3.1 M.

Online, July 30, 2010 (Newswire.com) - With friends like Ron Burkle and Donald Trump and a lilting Italian accent, ID Model Management founder Paolo Zampolli (whose clients apparently include Tara Reid) has long been a Page Six fixture. But the high-rolling, aspiring real estate mogul drew the attention of the international media in 2005 when he started recruiting fashion models to moonlight as brokers.

When it came time to put his own two-bedroom, 2,300 square-foot Gramercy Park penthouse on the market about a year ago, however, Mr. Zampolli decided to handle the sale personally, listing the co-op with Elliman, with himself as broker.

Now city records show that Mr. Zampolli has sold his duplex at the top floor of a double-wide townhouse at 149 East 18th Street for $3.15 million-a hefty cut below the $3.59 million listing price. According to data on StreetEasy, it sold after only four days on the market.

The five-room apartment has a set of amenities befitting an international playboy, including a solarium, a state of the art sound system, a private roof deck and terrace, and a separate 500-square-foot office.

Mr. Zampolli moved from Irving Place to Gramercy Park back in 1997, but he has reportedly always had a soft spot for downtown, eating two meals a day at restaurants like Cipriani on West Broadway, according to New York magazine. (He was even rumored to have relocated the offices of his modeling agency nearby.)

Perhaps he has relocated his home downtown too.