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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 â€œRich Girlsâ€ and the 2005 CBS fashion competition show â€œThe Cut.â€