Mr. Perlman (No, Not That One) Cashing Out of Mansion

Venture capitalists are usually an impatient lot, hoping to cash out within two or three years. Investor Louis Perlman has taken a different approach with 9 East 62nd Street, the 11,000-square-foot Beaux Arts mansion he’s owned for three decades. A little snooping through city records (via Property Shark) shows that he’s had the limestone four-family schloss since at least 1976. In 1986 he took out a $1.2 million mortgage on the place and borrowed another $100,000 against it in 1994; then in 2000 he did some renovations, combining the fifth and sixth floors into a duplex apartment. And now, after exhibiting virtuous patience, he’s ready to cash in: The $19.5 million asking price is a bit less than what some of the neighbors on 64th Street have been commanding for their townhouses, but it’s enough dough that Corcoran has three listing brokers on the case.
9 East 62nd Street [Corcoran]

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