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

(I-Newswire) July 30, 2010 - 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.

About Paolo Zampolli:
Paolo Zampolli (born March 5, 1970) is a New York City entrepreneur and environmental advocate. He was born and raised in Milan, Italy to a prominent Italian family, and lived in Paris, France before moving to New York City in the mid 1990’s to pursue business interests in the fashion industry.

In the late 1990s Paolo Zampolli founded ID Models in New York City. The agency represented high-end fashion models including Ana Hickmann and Cinthia Moura, and was known for being a pioneer in using web technology to market and book models electronically. The agency operated until 2008 when Zampolli divested fashion-based business interests.

Zampolli owned and operated several other fashion related businesses before establishing himself with real estate mogul Donald Trump and the Trump Organization as Director of International Development, and also with Prudential Douglas Elliman Real Estate in New York.

While transitioning from the world of fashion to real estate Mr. Zampolli gained international notoriety by incorporating the usage of high-end fashion models to sell exclusive properties in Manhattan. The venture prompted attention in several American, Australian and Italian news publications, including a story on the business cable news network, CNBC, featuring one of the participating models, Angie Everhart.

In 2008, Zampolli's Black American Express card (formally known as Centurion Card) made headlines when recording artist Lil' Kim was photographed for Nylon Magazine wearing a diamond encrusted Black American Express card with Paolo Zampolli's name on it. There was no foul play involved, as a stylist for the magazine provided the prop, and it was for fashion purposes only.

Over the last few years Zampolli has worked with several United Nations environmental projects, including hosting functions such as the United Nations Diamond Awards Gala for Renewable Energy and The Friends of Climate Change. The event honored Czech-Supermodel Petra Nemcova who was honored at the event for her work with the Happy Hearts Fund, and Steve Weisz, CEO and Founder of In Ticketing, and United Nations Economic and Social Council Advisor. Most recently, Zampolli has served as President of Green Incorporated, a firm that collaborates with the United Nations on ecological projects. As executive director of the International Renewable Energy Organization (I.R.E.O.), an intergovernmental organization, he has collaborated with the United Nations with conferences on climate change which has included guest speakers such as President Bill Clinton.

Company Contact Information
Paolo Zampolli
Paolo Zampolli
110 Greene Street
10012
Phone : 212-206-3700