Private equity’s firm is located next door
Ronald Perelman’s MacAndrews and Forbes has secured $110 million from Citibank to refinance 27 East 62nd Street. The Lenox Hill property contains 30 apartments, plus ground-floor retail.
Financing breakdown: The new loan replaces a $74 million mortgage and includes $41 million in new financing. Perelman paid $120 million for the property in 2014.
Worth Noting: MacAndrews and Forbes’ headquarters is located at the adjacent property at 35 East 62nd Street.