In addition to being the seller of Mr. Lauder’s new apartment, Mr. Perelman was also a competitor of sorts. Holding company MacAndrews & Forbes Holdings, linked to Mr Perelman, owned a majority stake in beauty company Revlon for years before it went through bankruptcy proceedings earlier this year. One of his daughters, however Debra G Perelman, remains Revlon’s CEO, according to the company’s website.
Mr. Lauder has owned the upper 14th floor (there is no 13th floor) apartment at 778 Park Avenue since 2008 for $27.5 million. He put it up for sale in 2019 for $45 million, but took it off the market after a $6 million price cut and no takers. (He also owns a five-bedroom house nearby, 998 Fifth Avenue, which he acquired in another real estate sale.)
His new Park Avenue condo, which has been listed for $27.9 million, has five bedrooms and five and a half bathrooms, plus separate staff quarters on a lower floor. It doesn’t include outdoor space like the 14-story unit, which has terraces off the master bedroom suite and a guest room.
But the apartment, which spans around 5,500 square feet, features a formal entry gallery, well-proportioned rooms, and 11-foot ceilings. Many of the pre-war architectural flourishes have also been preserved, such as the wood-burning fireplaces, detailed moldings and wood paneling.
Mr. Cullman’s estate sold his co-op at 555 Park Avenue and East 62nd Street for $7 million.
The approximately 4,250-square-foot home has four bedrooms, four and a half bathrooms, a library, and a formal dining room. Off the breakfast area is another large room with one of the full bathrooms that could easily be converted into an extra bedroom or family room. There are countless possibilities.