The Sherry-Netherland is a 38-story apartment hotel located at 781 Fifth Avenue on the corner of East 59th Street in the Upper East Side neighborhood of Manhattan, New York City. It was designed and built by Schultze & Weaver with Buchman & Kahn.The building is 560.01 feet (170.69 m) high, and was noted as the tallest apartment-hotel in New York City when it opened. The site had been occupied since the early 1890s by the Hotel New Netherland, designed by William Hume for William Waldorf Astor, a member of the prominent Astor family. Demolition began in the early winter of 1926, and construction began before the year was out, but the upper floors suffered a spectacular fire when wooden scaffolding caught alight on April 12, 1927 before the building was completed. The fire burned for 12 hours and flames were said to have been visible from Long Island. It ignited a debate in the press concerning the ability of the available technology to put out fires in high-rise buildings.At the time of the hotel's construction, the Vanderbilt mansion, diagonally across Fifth Avenue, was being demolished. High relief carved limestone panels by Karl Bitter from the Vanderbilt's porte-cochere and ornamental frieze roundels from that mansion were installed in the Sherry's classicizing groin-vaulted lobby, where massive marble-veneered pilasters with gilded Italian Renaissance capitals articulate walls paneled in small rectangles, Jacobean-fashion. Because of Prohibition, the Sherry was designed with smaller public restaurant square footage than other pre-war hotels.The building houses 165 apartments that were converted to co-ops in 1954.The Neo-Romanesque/Neo-Gothic roofline with gargoyles disguises the water tower.