Eli Broad, the billionaire philanthropist and co-founder of KB Home, sold a co-op on Fifth Avenue in Manhattan for $8 million, more than two years after listing it for almost twice as much.
Broad, founder of the Broad Foundation in Los Angeles, sold Unit 33T in the Sherry-Netherland hotel on Fifth Avenue and 59th Street, city property records show. The transaction was completed on March 11. The buyer is listed as Bedford Falls LLC.
The original asking price for the full-floor, two-bedroom apartment was $15 million in August 2008, according to property listings website StreetEasy.com.
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