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Sherry-Netherland's Priciest Apartment Is Back, Wants $86M

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It seems as though the new owners of the 18th-floor penthouse atop the Sherry-Netherland building haven't learned from the lessons of its previous owners. Earlier this year, Liberty Travel co-founder Gilbert Haroche sold the co-op to a Chinese buyer for $67.5 million, nearly $30 million less than its original asking price. And despite the fact that it sat on the market, unloved and unwanted, for several years at that price, its new owners have decided that the best thing to do is try and flip it. Their asking price: an unbelievable $86 million, according to the Real Deal. The listing, which is being handled by Brown Harris Stevens, boasts that owning this home is "the fulfillment of a lifestyle dream," which is an awfully big bit of hyperbole for an apartment that couldn't sell for three years. It comes with three huge terraces, two dens, a library, and more. And now, we wait to see if anyone will buy it at this newly-inflated price.

· Buyer who paid $70M for Sherry-Netherland PH re-lists for $86M [TRD]
· Listing: 781 Fifth Avenue Tower [BHS]
· Once Asking $95M, Sherry Netherland Co-op Sells for $67.5M [Curbed]
· Sherry Netherland's Priciest Apartment Finally Sells for $70M [Curbed]
· All Sherry Netherland coverage [Curbed]


781 5th Avenue, New York, NY 10019