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Hilfiger and his second wife, Dee Ocleppo, bought their six-bedroom home in 2010 for $31 million.
Hilfiger and his wife, designer Dee Ocleppo, are relocating to Palm Beach, Florida.
Other big-name stores that have left Fifth Avenue over the past few years include Polo Ralph Lauren, Lord & Taylor, Abercrombie & Fitch, Henri Bendel and The Gap.
The property became familiar to television viewers as the location for the 2003 MTV series “Rich Girls” and the 2005 CBS fashion competition show “The Cut.”