Former Disney CEO Buys Sherry-Netherland Co-op For $10M
Former Disney CEO Michael Eisner and his wife, Jane, dropped $10 million on a co-op at the Sherry-Netherland.
The couple purchased an apartment at 781 Fifth Avenue in an off-market deal from a trust tied to Edythe Broad, an art collector, philanthropist and widow of developer Eli Broad, according to public records.
The trade was in line with other deals for full-floor apartments in the building’s tower, including Unit 27T, which sold for $9.4 million in 2023, and Unit 35T, which sold for $9.5 million that same year, according to Streeteasy.
Eli Broad’s ties to the Upper East Side hotel and co-op date back to at least 1985, when a profile of the Los Angeles-based billionaire mentioned him at the building, the Observer reported in 2011.
He bought the 25th-floor unit from cellist Lawrence Lensy for $9.45 million in 2006, according to the Observer and Business Insider. He also owned another co-op in the building, a 33rd-floor unit, which he sold for $8 million in 2011, three years after he first listed it for $15 million.
The Eisners’ purchase comes roughly four months after one of their sons, film producer Eric Eisner, paid just under $10 million for a townhouse at 178 East 73rd Street. Before the trade, the six-bedroom home was at the heart of a legal dispute between bankrupt hedge funder Jason Ader and his mother.
Last year, Michael Eisner also purchased a $4.3 million apartment at the nearby Pierre, his second unit at 795 Fifth Avenue. Other buyers at the building have included designer Tory Burch, Oracle founder Larry Ellison and Commerce Secretary Howard Lutnick.
The hotel and residential building was at the center of a lawsuit filed by some co-op owners over a proposed $2 billion deal to sell the property to the Sultan of Brunei and the Khashoggi family of Saudi Arabia. A judge dismissed the case about a month after it was filed.
The landmarked Sherry-Netherland was the site of an FBI raid in 2023, when federal agents arrested the exiled Chinese tycoon Guo Wengui, also known as Miles Kwok, at his 18th-floor apartment, which he’d listed a year earlier for $45 million. Hours after his arrest, a fire broke out in the apartment, sparking an investigation into whether Wengui was behind the blaze.
In 2024, Wengui was convicted of multiple charges connected to a $1 billion fraud scheme and was sentenced to 30 years in prison in 2026.
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