Mr. Perelman was not solely the vendor of Mr. Lauder’s new residence, but in addition a competitor of types. The holding firm related to Mr. Perelman, MacAndrews & Forbes Holdings, had for years owned a controlling stake within the magnificence firm Revlon earlier than it went via chapter proceedings earlier this yr. One among his daughters, although, Debra G. Perelman, stays Revlon’s chief government, in accordance with the corporate’s web site.
Mr. Lauder has owned the upstairs unit, on the 14th flooring (there isn’t any thirteenth flooring) at 778 Park Avenue, since 2008, paying $27.5 million. He put it up on the market in 2019 for $45 million, however after a $6 million value minimize and no takers, took it off the market. (He additionally owns a five-bedroom house close by, at 998 Fifth Avenue, acquired in yet one more property sale.)
His new Park Avenue residence, which was listed for $27.9 million, has 5 bedrooms and 5 and a half loos, plus separate employees quarters on a decrease flooring. It doesn’t embody any outside house just like the 14-floor unit, which has terraces off the first bed room suite and a visitor bed room.
However the residence, which extends round 5,500 sq. ft, has a proper entrance gallery, well-proportioned rooms and hovering 11-foot ceilings. Lots of the prewar architectural thrives additionally stay, just like the wood-burning fireplaces, detailed crown moldings and wooden paneling.
Mr. Cullman’s property bought his co-op at 555 Park Avenue and East 62nd Avenue for $7 million.
The residence, measuring about 4,250 sq. ft, has 4 bedrooms, 4 and a half loos, a library and a proper eating room. Off the breakfast space is one other massive room with one of many full loos that would simply be transformed into a further bed room or a household room. There are tons of choices.
