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	<title>Observer &#187; Broad Stroke! Eli Sells Sherry Spread for Almost Half-Off</title>
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		<title>Observer &#187; Broad Stroke! Eli Sells Sherry Spread for Almost Half-Off</title>
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		<title>Broad Stroke! Eli Sells Sherry Spread for Almost Half-Off</title>

		<comments>http://observer.com/2011/03/broad-stroke-eli-sells-sherry-spread-for-almost-halfoff/#comments</comments>
		<pubDate>Tue, 15 Mar 2011 13:59:24 -0400</pubDate>
					<link>http://observer.com/2011/03/broad-stroke-eli-sells-sherry-spread-for-almost-halfoff/</link>
			<dc:creator>Matt Chaban</dc:creator>
				
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		<description><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/eli_broad_speyer.jpg?w=300&h=223" />When <strong>Eli Broad</strong> put his full-floor co-op near the top of the <strong>Sherry-Netherland</strong> tower <a href="/2008/real-estate/anyone-anyone-billionaire-hawking-sherry-netherland-spread-15-m">on the market for $15 million in September 2008</a>, he was No. 48 on the <em>Forbes</em> Rich List. Two years later, he had fallen to No. 132&mdash;a good deal of his fortune was bound up in AIG&mdash;while the <em>pied-&agrave;-terre </em>of the Bronx-born, L.A.-based developer and art collector&nbsp;took a similar, if not quite so percipitous tumble.</p>
<p>According to city records, the two-bedroom home has sold for <strong>$8 million</strong>, down from a September ask of $9.9 million. "Featuring a meticulous triple mint renovation, an elegant floor plan and open views throughout, this sun-filled apartment is absolute perfection," declares <strong>Sotheby's</strong> <strong>Serena Boardman</strong> in her listing. She had just picked up the listing after<strong> </strong>Alexa Lambert and Marc Achilles of Stribling wrestled with it for two years.</p>
<p>The home boasts 360-degree views of the city, with the master bedroom, a library and the living room looking down on Grand Army Plaza. The buyer taking in those sites now is <strong>Bedford Falls LLC</strong>, which happens to be the name of a fictious town in <em>It's a Wonderful Life</em>. Perhaps the art buff has traded with a film buff.</p>
<p>Mr. Broad has been in the building for decades, at least since a profile placed him there in 1985. And he may not have given up the Sherry entirely, either, as city records show he bought a larger full-floor unit on the 25th floor in 2006 from cellist Lawrence Lenske, and there was a two-bedroom on the 23rd floor he owned in the 1990s.</p>
<p><em><a href="/tag/manhattan-transfers">Read past Manhattan Transfers. &gt;&gt;</a></em></p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a> </strong>|<strong> <a href="http://twitter.com/MC_NYO">@mc_nyo</a></strong></p>
]]></description>
		<content:encoded><![CDATA[<p><img class="alignleft" src="http://nyoobserver.files.wordpress.com/2011/06/eli_broad_speyer.jpg?w=300&h=223" />When <strong>Eli Broad</strong> put his full-floor co-op near the top of the <strong>Sherry-Netherland</strong> tower <a href="/2008/real-estate/anyone-anyone-billionaire-hawking-sherry-netherland-spread-15-m">on the market for $15 million in September 2008</a>, he was No. 48 on the <em>Forbes</em> Rich List. Two years later, he had fallen to No. 132&mdash;a good deal of his fortune was bound up in AIG&mdash;while the <em>pied-&agrave;-terre </em>of the Bronx-born, L.A.-based developer and art collector&nbsp;took a similar, if not quite so percipitous tumble.</p>
<p>According to city records, the two-bedroom home has sold for <strong>$8 million</strong>, down from a September ask of $9.9 million. "Featuring a meticulous triple mint renovation, an elegant floor plan and open views throughout, this sun-filled apartment is absolute perfection," declares <strong>Sotheby's</strong> <strong>Serena Boardman</strong> in her listing. She had just picked up the listing after<strong> </strong>Alexa Lambert and Marc Achilles of Stribling wrestled with it for two years.</p>
<p>The home boasts 360-degree views of the city, with the master bedroom, a library and the living room looking down on Grand Army Plaza. The buyer taking in those sites now is <strong>Bedford Falls LLC</strong>, which happens to be the name of a fictious town in <em>It's a Wonderful Life</em>. Perhaps the art buff has traded with a film buff.</p>
<p>Mr. Broad has been in the building for decades, at least since a profile placed him there in 1985. And he may not have given up the Sherry entirely, either, as city records show he bought a larger full-floor unit on the 25th floor in 2006 from cellist Lawrence Lenske, and there was a two-bedroom on the 23rd floor he owned in the 1990s.</p>
<p><em><a href="/tag/manhattan-transfers">Read past Manhattan Transfers. &gt;&gt;</a></em></p>
<p><strong><a href="mailto:mchaban@observer.com">mchaban [at] observer.com</a> </strong>|<strong> <a href="http://twitter.com/MC_NYO">@mc_nyo</a></strong></p>
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