WSJ News Exclusive | Ron Perelman Wants $75 Million for Two Connected NYC Townhouses

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Financier Ron Perelman is shopping an adjacent pair of Upper East Side townhouses for $75 million, according to people familiar with the situation

Ron Perelman has recently moved to sell one of his Gulfstream jets, a small portion of his art collection and his yacht. Now he is shopping an adjacent pair of Upper East Side townhouses for $75 million, according to three people familiar with the situation.

The financier heads the investment company MacAndrews & Forbes, a majority shareholder in the beauty giant Revlon , which has been struggling with changing consumer tastes and with competition from startups by social-media celebrities like Kylie Jenner. More recently, the company has faced headwinds stemming from the coronavirus pandemic’s devastating impact on American retailing.

Asked about the townhouse listings, a spokesman for Mr. Perelman referred back to a previously issued statement. “I have spent my entire career making deals and have been through tough cycles before, and while this is certainly a challenging time, it is just that,” Mr. Perelman said in that statement.

“This period has given me the space to think carefully about myself and my business, and to reset my priorities. I realized a less complicated and less leveraged business life would allow me to focus on what I love most about MacAndrews & Forbes Inc., seek new investment opportunities, as well as allow me to have better and more present time with my family.”

The homes, which are connected via a doorway and a set of stairs, are being listed separately, but could also be sold as a pair. Mr. Perelman moved out of the larger property several years ago and to another property in the neighborhood, according to a person familiar with his activities.

 

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