Former Disney CEO Michael Eisner and his spouse, Jane, dropped $10 million on a co-op on the Sherry-Netherland.
The couple bought an condo at 781 Fifth Avenue in an off-market deal from a belief tied to Edythe Broad, an artwork collector, philanthropist and widow of developer Eli Broad, in response to public information.
The commerce was in keeping with different offers for full-floor residences within the constructing’s tower, together with Unit 27T, which bought for $9.4 million in 2023, and Unit 35T, which bought for $9.5 million that very same yr, in response to Streeteasy.
Eli Broad’s ties to the Higher East Facet lodge and co-op date again to at the very least 1985, when a profile of the Los Angeles-based billionaire talked about him on the constructing, the Observer reported in 2011.
He purchased the Twenty fifth-floor unit from cellist Lawrence Lensy for $9.45 million in 2006, in response to the Observer and Enterprise Insider. He additionally owned one other co-op within the constructing, a Thirty third-floor unit, which he bought for $8 million in 2011, three years after he first listed it for $15 million.
The Eisners’ buy comes roughly 4 months after considered one of their sons, movie producer Eric Eisner, paid just below $10 million for a townhouse at 178 East 73rd Road. Earlier than the commerce, the six-bedroom dwelling was on the coronary heart of a authorized dispute between bankrupt hedge funder Jason Ader and his mom.
Final yr, Michael Eisner additionally bought a $4.3 million condo on the close by Pierre, his second unit at 795 Fifth Avenue. Different patrons on the constructing have included designer Tory Burch, Oracle founder Larry Ellison and Commerce Secretary Howard Lutnick.
The lodge and residential constructing was on the center of a lawsuit filed by some co-op house owners over a proposed $2 billion deal to promote the property to the Sultan of Brunei and the Khashoggi household of Saudi Arabia. A decide dismissed the case a few month after it was filed.
The landmarked Sherry-Netherland was the positioning of an FBI raid in 2023, when federal brokers arrested the exiled Chinese language tycoon Guo Wengui, also referred to as Miles Kwok, at his 18th-floor condo, which he’d listed a yr earlier for $45 million. Hours after his arrest, a hearth broke out within the condo, sparking an investigation into whether or not Wengui was behind the blaze.
In 2024, Wengui was convicted of a number of fees related to a $1 billion fraud scheme and was sentenced to 30 years in jail in 2026.
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