Boies Buys $7.8 Million Manhattan Apartment After Cut

David Boies, the antitrust lawyer who took on Microsoft Corp. and represented Al Gore in the contested U.S. presidential election of 2000, bought a seven room apartment overlooking New York’s Central Park for $7.75 million after the price was reduced by more than 20 percent.

Boies, chairman and founder of New York-based law firm Boies, Schiller & Flexner LLP, purchased a two-bedroom unit at the Sherry-Netherland hotel on Fifth Avenue and 59th Street, according to city property records. The original asking price was $9.95 million, according to listing service StreetEasy.com.

Sales of luxury Manhattan apartments, defined as the top 10 percent by price, declined 16 percent in the third quarter as the median price of a four-bedroom co-operative or condominium plunged 49 percent to $5.18 million, according to appraiser Miller Samuel Inc. Boies is buying into a property where residents are entitled to daily maid and laundry service.