Billionaire Ron Perelman Lists Pair of Connected Manhattan Townhouses for $65M and $10M

Billionaire Ron Perelman Lists Pair of Connected Manhattan Townhouses for $65M and $10M

Published: October 13, 2020 | By: American Luxury Staff

Investor and banker Ron Perelman—Chairman and CEO of MacAndrews & Forbes—has listed a pair of residences on the Upper East Side of Manhattan. The listings are part of a litany of major possessions Perelman has either sold or has been in the process of selling over the past few months.

One of the two residences is a five-story townhouse in Lenox Hill. The neo-Georgian building features a brick and limestone exterior, and a prominent bay that emphasizes the lower middle floors. The building was completed in 1930 as a club for wealthy aviation enthusiasts, and called the Hangar Club; members included W. Somerset Maugham. In the 1940s the building was sold to the New York Archdiocese, and converted into a school for young women. Finally, in 2003, it was repurposed as a private home.

The former Hangar Club features almost 20,000 square feet of living space, and is priced at $65 million. The smaller home, which is connected to the larger townhouse, measures about 7,000 sq. ft., and is priced at $10 million.

Perelman’s net worth is north of $6 billion.

Photo credit: Google Maps

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