Tommy Hilfiger relists his penthouse at New York's Plaza Hotel for $75 million

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Tommy Hilfiger Plaza penthouse

Street Easy

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The New York Post is reporting that fashion designer Tommy Hillier has dropped the price of his Plaza Hotel penthouse to a still-staggering $75 million.

Hilfiger and his wife Dee Ocleppo listed the home last year for $80 million, which at the time made it one of the most expensive homes on the market in America.

The duplex condo is located on the 18th and 19th floors of the Plaza and has five bedrooms with views of Central Park and Fifth Avenue.

It was originally marketed as a "fixer-upper" for $50 million back in 2008, but it never sold. Now it's back on the market after a $20 million renovation and massive price bump.

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Alyson Penn originally contributed to this story.