$49.5 Million Manhattan Townhome Owned By Ron Perelman Finds a Buyer After Nearly 5 Years

The former chairman of Revlon has found a buyer for his Upper East Side townhome priced at $49.5 million. No word yet on the final sale price.

Ron Perelman, the former chairman of Revlon cosmetics, has owned the property since 1983, according to the Olshan Luxury Market Report.

"The house has been on the market since 2021, starting as high as $60 million and closing around $47 million," Donna Olshan, president of Olshan Realty in Manhattan, tells Realtor.com®.

The townhome is 40 feet wide and spans nearly 16,000 square feet of interior living space.

A formal entrance welcomes people to the townhome, followed by a center hall with what's described as a "spectacular" 1930s-era staircase that leads to the top floor.

The home also has two large elevators: a private lift and a service elevator.

The entire home has a traditional floor plan with 10 bedrooms, 10 bathrooms, an eat-in kitchen, and staff quarters.

The "grand salon" runs the entire width of the home with five floor-to-ceiling windows overlooking 63rd Street.

The primary suite also includes five large windows overlooking the historic block. Future owners will have "his and her" dressing rooms and separate bathrooms.

The fourth floor has four bedrooms, each with en suite baths. The staff room is also located on the fourth floor. Meanwhile, the fifth floor has two more bedrooms with en suite baths, a front-facing loftlike room with bath, an additional staff room with bath, and two storage rooms.

Outside, the home features a first-floor garden and patio that runs the width of the residence.

Trophy homes

Trophy homes in Manhattan continue to top sales with 10 condos—priced at $10 million and above—going under contract for the week ending Feb. 15, according to the Olshan Luxury Market Report. In all, 31 contracts were signed in New York City starting at $4 million and above.

The top two contracts were in the same Upper East Side building: 1122 Madison Ave. The building is still under construction and, so far, 16 contracts out of its 26 units have been signed since it started offering floor plans on Jan. 15. The report explains that the 1122 Madison Ave. offering plan has been amended four times, with some amendments showing prices increase.

"Developers tend to amend their offering plans for all kinds of reasons: 1) raise prices, 2) change floor plans, 3) add or subtract amenities or any changes in the structure," Olshan says.

The top contract was for a 1122 Madison Ave. residence on the 18th floor. The unit has an original price of $39 million. The second-highest contract for the week in that building is for a unit on the 16th floor—that has a list price of $36.5 million.

Rounding out the top three trophy homes going under contract is one in the West Village. A townhome at 125 Perry St. is listed for $35 million. It has more than 7,000 square feet of space with a private parking garage and a private garden. Ceiling heights reach 13 feet on the main entertaining floor, with an oversized living room, kitchen, and formal dining room. Other levels include four en suite bedrooms, a private theater, and storage. The building has a full-time door staff and a private driveway.