Former AmEx CEO lists townhouse for $10M

Property is home to famed cabaret room
By Katherine Clarke | April 02, 2014 05:23PM

Former American Express Centurion Bank CEO Frank Skillern is planning to bring his Upper East Side townhouse, known in upper crust New York social circles for its in-house cabaret theater, to market for $10.45 million, The Real Deal has learned.

The five-story property, at 127 East 62nd Street, between Park and Lexington avenues, is listed by Jed Garfield of boutique brokerage Leslie J. Garfield & Associates.

Broadway stars such as Michael Feinstein have performed to guests of Skillern and his wife Mary, big musical theater fans, in the property’s theater space. And Skillern delights in giving tours of his extensive collection of videos and DVDs of musicals housed in his personal library and screening room, according to previous reports.

The 4,280-square-foot home has four bedrooms, 5.5 bathrooms and a north-facing terrace and sun room on the fifth floor.

Skillern, who served as CEO of Amex Centurion from 1996 to 1999, has owned the property since 1998, public records show. It wasn’t clear what he and his wife paid for it.

Garfield said the couple is looking to switch to apartment-living in their retirement.

“They’re young at heart but they’re of an age where they want to be on a single floor,” he said, “but they’re planning on staying in the neighborhood.”