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Sherry Netherland Hotel > 781 Fifth Avenue
at the Northeast corner of 59th Street
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Pricing Information

  

Approx. Prices for Apartments at Sherry Netherland Hotel, 781 Fifth Avenue

3 Bedrooms from $10,950,000 (updated 03/11/2009)
2 Bedrooms from $3,495,000 to $10,900,000 (updated 11/02/2009)
1 Bedroom from $1,500,000 (updated 05/20/2009)
 
  

Overview

   About Sherry Netherland Hotel, 781 Fifth Avenue

A strong argument can be made that the Sherry Netherland Hotel is the best building in New York.

The major other contenders, of course, at the Chrysler, Empire State, Woolworth and Helmsley buildings and 570 Lexington Avenue, and some might also throw in the Plaza and Waldorf-Astoria hotels, the Seagram Building, Lever House and the San Remo apartment building.

None of those, however, really have the magic combination of romance, originality, location and drama that are to be found at the Sherry Netherland. Other buildings are larger, taller, more ornate, more complex, and have superb locations and far more spectacular interiors, but the Sherry Netherland has a "drop dead" elegance and exoticism that is both flamboyant and reserved.

What pushes the Sherry Netherland to the top, of course, is its top - a soaring, elaborate minaret with delicate open widow's walk atop an asymmetrical roof reminiscent of French chateaux, all in delightfully green aged copper. The asymmetrical form of the tower significantly improves its aesthetics from most angles and if it had been a square tower it would be just another great campanile, but not a visual force with which to be reckoned. The top's chimneys and large protruding gargoyles, furthermore, grasp and tame the sky like some giant's knarled fist.

The finely proportioned, 38-story building's slender tower is setback slightly, in four steps, from its base at about the halfway point of its 570-foot height. The lower four floors of the base are covered in travertine marble while the rest of the building is faced with a handsome, dark brown brick.

The base is one of the most elegant and wonderful in the city in large part because of its fantastic griffins with large, hanging bronze lanterns. While these may frighten off the hoi-polloi, the stately sidewalk clock close to the canopied entrance is a very handsome public gesture.

In the last third of the 20th Century, many New Yorkers became, incongruously, disenchanted with tall buildings, rallying, often with great success, against new projects as too-tall incursions into their precincts. As a result, the city changed its zoning several times and lowered the permissible amount of space that could be built on lots as well as building heights. This was often reflected in what is known as the "floor-to-area ratio" (F.A.R.) and in most commercial parts of the city is now limited to a maximum of 15, which means that a building cannot contain more than 15 times the area of its plot. In contrast, many of the city's most famous landmarks, such as the Chrysler, Empire State and Woolworth buildings had F.A.R.'s about twice as high and the Sherry Netherland is perhaps the most visible example, other than the Empire State Building, of the impressive verticality associated with such high F.A.R.'s.

Unlike the Pierre Hotel, two blocks to the north on the avenue, which was located in a residential zone that permitted no retail, the Sherry Netherland has always had very impressive stores in its base. The long-term tenant of the corner store has been La Vieille Russe, specializing in extravagant Russian bibelots. South of the entrance, the restaurant space has been operated for several years by Harry Cipriani as one of the city's most elegant restaurants. North of the entrance, Diane von Furstenberg commissioned architect Michael Graves to design an opulent salon in 1984 that was subsequently taken over by Geoffrey Beene. It is the best design by Graves, a great draftsman who is a far better designer of storefronts and kitchen appliances than buildings.

The subdued, understated ambiance of the Sherry Netherlands's small lobby exudes refinement and attracts the world's elite. The vestibule is decorated with sculpture panels that were salvaged from William K. Vanderbilt's famous mansion that was torn down in 1925 to make way for the Bergdorf Goodman store, designed by Buchman & Kahn, on the west blockfront on the avenue between 57th and 58th Streets.

The building was the world's tallest apartment hotel at the time it was erected and its vaulted lobby is discretely lavish, but not grandiose.

Because it was erected during the Prohibition, the Sherry Netherland, developed by Louis Sherry and Lucius Boomer, did not have major dining facilities, although its basement was converted in the 1970's to a very exclusive private disco and restaurant known as Raffles that within a few years was renamed Doubles and redesigned by Valerian Rybar in bright red colors. It remains one of the most attractive and exclusive social clubs.

Designed by Schultze & Weaver with Buchman & Gross, the building replaced the former New Netherland Hotel on the site, which had been designed by William H. Hume as one of the city's early steel-framed structures. It was completed in 1926, but not before a major fire broke out in the tower before the standpipes were not yet functioning. Schultze & Weaver would soon thereafter design the Pierre Hotel and then the Waldorf-Astoria Hotel on Park Avenue in 1931.

In 1927, the large Savoy-Plaza Hotel, designed by McKim, Mead & White in French Renaissance style was completed on the avenue blockfront directly south of the Sherry Netherland. With the completion of the Pierre Hotel in 1930, the architectural ensemble at Grand Army Plaza at the northeast gateway to Central Park was exceedingly grand and harmonious. It also included, of course, the Plaza Hotel, designed by Henry J. Hardenbergh, and the Metropolitan Club, designed by McKim, Mead & White. It would become the city's glamorous center, which it still remains although the replacement of the very impressive Savoy-Plaza by the General Motors office building designed by Edward Durrell Stone and Emery Roth & Sons in 1968, three years after the city enacted a landmarks preservation law, was a tragic loss that severely impacted the plaza's cohesiveness. To its credit, however, it should be noted that the setback of the General Motors Building behind its large sunken plaza greatly heightened the visibility of, and from, the Sherry Netherland.

The Sherry Netherland has 165 apartments that were converted to cooperatives in 1954. It has spectacular views of Fifth Avenue, the Plaza Hotel, Central Park South and Central Park.

 
   

For More Information

For more information about buying an apartment in Sherry Netherland Hotel, please call us at 212-755-5544, or contact us by email  »

Building Summary

Features Amenities

Building Features

>Cooperative
>Built in 1927
>Located in Midtown East
>165 Apartments
>36 Floors
>30% tax deductable
>Full-time Doorman
>Pre War
>Elevator
>Spectacular views
>One of the city's greatest buildings
>Very elegant vaulted lobby
>Concierge
>Canopied entrance
>Exclusive club in basement
>Wonderful griffins and hanging lanterns above entrance

Sherry Netherland Hotel > 781 Fifth Avenue

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All information furnished regarding New York City property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.