The Real Deal New York

Broad trying to sell Sherry-Netherland apartment

October 22, 2008 12:51PM

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Developer, philanthropist and art collector Eli Broad has been trying to sell his apartment at the Sherry-Netherland Hotel at 781 Fifth Avenue and 59th Street since August. The two-bedroom, six-room apartment is currently listed for $15 million. Brokers said last week that Broad was about to sell his pied-a-terre to a fashion designer for around $14 million. One source said that the prospective buyer was nervous about the market and might not go through with the deal.

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