Ron Perelman’s former New York offices on the market for $160 million

Ron Perelman at 35 East 62nd Street and 41 East 62nd Street (Getty, Google Maps)

A whispered listing on Lenox Hill could make a lot of noise if it finds a buyer willing to meet its astronomical asking price.

A pair of buildings on East 62nd Street, where billionaire investor Ron Perelman once had his offices, have been put on the market, according to a person familiar with the listing, who said the owners hope to fetch a price “above $160.” million.”

Adjacent properties between Park and Madison avenues, which allow residential and commercial use, are available separately or can be combined for 41,000 square feet, according to marketing materials seen by The Real Deal.

Representatives from the White House, which has the list according to the materials, declined to comment.

The 40-foot-wide building at 35 East 62nd Street features a Revival-style facade with a top-floor loggia and Flemish-jointed yellow brick on a limestone base.

Erected in 1904 as a school building by George Keller, the Fleming School functioned there until the property was sold to Perelman’s holding company MacAndrews & Forbes for $9 million in 1989. With five stories and 25,000 square feet, it is the most larger of the two buildings

The neighboring building at 41 East 62nd Street is 35 feet wide with a red brick facade laid on English bonds and was built in 1896 as a horse stable for Elbridge Thomas Gerry. The 16,000-square-foot building has twin skylights in the fourth-floor sloping ceiling.

Zoning in the area allows for a mix of commercial and residential uses. The Buildings Department approved plans in July 2021 to remove partitions separating offices in the larger building. Both buildings received landmark status in 1982.

Perelman, who has held a majority stake in cosmetics giant Revlon since 1985, bought the smaller building in 2004 for $14.5 million, with both properties becoming collateral for a multitude of loans, records show. proprietary.

The Chapman Group, owned by the family of Perelman’s fifth and current wife, Anna Chapman, purchased the buildings in April 2021 for a combined $35 million, providing the billionaire investor with cash while selling a wide range of assets. , including his personal art collection. .

Demand for cosmetics has plummeted while much of the world has stayed home during the pandemic, compounding problems for Perelman’s heavily indebted makeup and skincare company.

A representative for the Chapman Group declined to comment.

The two properties, along with another Perelman’s at 27 East 62nd Street, became so heavily in debt, and Revlon so damaged by the pandemic, with shares down more than 70 percent since the start of 2020, that Blackstone executive Tony James bought loans secured by the buildings from Citigroup for $115 million, a 40 percent discount.

Perelman has tried to sell other real estate since the pandemic began, including his 47-acre East Hampton estate, which has asked for $180 million, and a former personal residence at 36 East 63rd Street, for $60 million.

He sold a detached property in East Hampton earlier this year for $84 million.

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