Russell Simmons puts his restored New York penthouse back on the market for $11million

Hip hop mogul Russell Simmons has put his high-priced New York apartment back on the market.
The penthouse, which now on sale for $11million, was once the home that Russell shared with his ex-wife Kimora Lee Simmons.
His Lady Liberty penthouse has been on the Manhattan real estate market for quite some time and was nearly ruined following the Twin Towers falling.

Breathtaking: Russell Simmons has put his Manhattan apartment back on the market for $11million

Mogul: The 54-year-old used to share the penthouse with his ex-wife Kimora Lee Simmons

According to a report on Curbed, fellow mogul, Sean 'P. Diddy' Combs listed as a potential buyer but quit negations following the damage the home sustained in September 2001.

 

The founder of Def Jam Recordings renovated the property but failed to secure a buyer despite slashing the price of the sky-rise apartment in 2005. 
But now Russell has put the his abode back on the market with its original price tag of $11million and an incentive of a one percent flip tax payable by the buyer. 
With 7,175 square feet of interior space, the stunning home has rooftop views of the Manhattan skyline.

Exquisite taste: The 7,175 square feet penthouse is decorated with the finest materials

Stunning: A wooden spiral staircase centres the New York abode which is complete with skylights

Luxurious: The homes boasts four bedrooms, four and a half bathrooms and a library

12-foot ceilings and enormous windows line the house to create a 'sun-drenched space', and an awe-inspiring architectural staircase centres of the home.
The 54-year-old's home is laid out with an enormous kitchen which has a breakfast area.
At almost 3,500 square feet of exterior space comes complete with four bedrooms, four and a half bathroom and a staff room which has a full bathroom and a library.

Model home: The kitchen is made up of marble surfaces, a breakfast area and the top of the range appliances

Feng shui: The deluxe master suite located upstairs has a kitchenette and P. Diddy was once a prospect buyer

The swanky apartment also featured on an episode of MTV Cribs as a tribute to those who lost their lives in New York on September 11, 2001.
Russell and his then wife Kimora had filmed their segment for the popular show in which celebrities take cameras on a tour of their home just before the terrorist attacks on the city.
The former power couple agreed to let the network show their home as long as they also screened footage of the destroyed Twin Towers.

Restored to glory: The house sustained some damage following the terror attacks in New York in 2001

How they were: Russell and Kimora used their episode of MTV Cribs to pay tribute to those who lost their lives on September 11

'The following segment was filmed prior to the tragic events of September 11th', were the words that opened the episode.
And the show ended with a message that read: 'Due to the events of 9/11, Russell and Kimora's building sustained massive structural damage. Fortunately, they were safe from harm and have since moved to a new home.
'Our deepest condolences go out to those that were not as fortunate.'

Family man: Russell was pictured with his ex-wife, two daughters and his niece Angela Simmons last Friday at a fashion show in New York