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New York

Estée Lauder chairman puts Manhattan home on market for $45M

The apartment is in a co-op building on the Upper East Side

Estée Lauder’s executive chairman has listed his Manhattan home for $45 million.

William Lauder, grandson of the global cosmetics company’s founders, Estée Lauder and Joseph Lauder, bought the property at 778 Park Avenue in 2007 for $27.5 million, the Wall Street Journal reports, and brought in an architect to redesign it. The space is on the 14th floor of a co-op building and is more than 6,300 square feet with 14 rooms, including six bedrooms, six-and-a-half bathrooms, a library, home gym and views of Central Park.

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Lauder reportedly decided to sell because his children have all moved out and he and his partner, architect Lori Kanter Tritsch, no longer need the extra space. The couple are moving to another co-op apartment, at 998 Fifth Avenue, which Lauder purchased for $23.5 million in 2017.

The sale will be conducted by Cathy Franklin at the Corcoran Group. [WSJ] – Sylvia Varnham O’Regan