Citigroup Sells $193M Loan Package Backed By Ronald Perelman's Upper East Side Properties | 27 East 62nd Street, 35 East 62nd Street, & 41 East 62nd Street | Marcella Fasulo, Douglas (Doug) Harmon, Avery Silverstein, Adam Spies, Adam Doneger | Mixed-use | Sale

Summary

Sale

NEW YORK

Mixed-use

2,536 sqft

Three mixed-use properties located at 27 E. 62nd St., 35 E. 62nd St., and 41 E. 62nd St. in the Upper East Side have been sold in a loan sale transaction. The properties were owned by billionaire Ronald Perelman and were backed by defaulted loans. The sale price for these properties was $115,000,000.

Summary of transation details

Property Type: Mixed use
Transaction Amount: $115,000,000
Seller: Citigroup
Brokers: Adam Doneger, Avery Silverstein, Adam Spies, Marcella Fasulo & Doug Harmon @CushWake

Citigroup sold the defaulted loans, worth a total of $193 million, at a discount of approximately 40%. The properties include office space for Perelman's investment firm and his private residence. It is worth noting that Ronald Perelman's net worth has significantly decreased from $19 billion to under $4 billion in recent years.

Players

All
6

Agents
5
Agencies
1

Marcella Fasulo

Executive Vice Chairman

$10.9B Sold

Douglas (Doug) Harmon

Co-Head of U.S. Capital Markets

$22.4B Sold

Avery Silverstein

Managing Director

$3.9B Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Adam Doneger

Executive Vice Chairman

$21.5B Sold

Newmark

Details

Deal Summary

SOLD

IMAGE: SALE IMAGE: Adam Spies, Avery Silverstein, Adam Doneger, Marcella Fasulo & Doug Harmon ADDRESS: 27 E. 62nd St., 35 E. 62nd St. & 41 E. 62nd St. MARKET: Upper East Side ASSET TYPE: Mixed use SALE PRICE: $115,000,000 BUYER: 🤐 SELLER: Citigroup BROKERS: Adam Doneger, Avery Silverstein, Adam Spies, Marcella Fasulo & Doug Harmon @CushWake NOTE: Citigroup has unloaded a package of loans backed by three Upper East Side properties owned by billionaire Ronald Perelman. The defaulted loans, totaling $193 million sold at an approx. 40%~ discount. The properties include office space for Perelman’s investment firm, and his private residence. Perelman’s net worth has nosedived from $19 billion to under $4 billion in the last couple of years.

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Address27 East 62nd Street, 35 East 62nd Street, & 41 East 62nd Street

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