Rupert Murdoch Offloads His Flatiron Penthouse for a Discounted $23.8 Million

Rupert Murdoch has lastly discovered a purchaser for his luxe Flatiron penthouse. The multi-billionaire media tycoon, who at the moment owns Fox Information and Information Corp, offered his triplex at One Madison for roughly $23.8 million, per Crain’s New York Enterprise.

Although this sale value is hefty by any requirements, it’s $20 million lower than Murdoch paid. The magnate initially purchased the three-floor pad in 2014 for $43 million, together with a further unit beneath it for $14 million. In 2022, he listed the 6,580-square-foot property for $62 million and the secondary unit for $16 million. The latter house—a three-bedroom on the 57th ground typically used as a visitor suite—offered in October 2022 for $12.5 million. Since then, the Fox Information founder made a number of changes to the triplex itemizing, taking the property on and off the market and slashing the value, together with a current markdown in June from $38.5 million to $28.5 million.

“My shopper is a realist, and he’s very astute about how markets operate,” Kyle Blackmon, the pinnacle of luxurious gross sales at Compass, who represented the property, advised Crain’s in regards to the value discount in June. The client has but to be revealed, however metropolis information affirm that an LLC tied to Murdoch offered the house.

Murdoch’s freshly-offloaded unit spans the highest three highest flooring of the 60-story One Madison tower. The multi-floor condominium, renovated throughout his decade-long residence, options five-bedrooms with accompanying ensuite loos, floor-to-ceiling home windows open to 360-degree views of Manhattan, a wrap-around terrace, and a personal elevator. The constructing boasts luxurious facilities together with a doorman, concierge, health middle, and pool.

Murdoch isn’t ditching New York Metropolis simply but. Whereas the Australian-born mogul is saying farewell to Midtown for now, he nonetheless has a worldwide actual property portfolio and a 6,500-square-foot abode on Central Park South, which he acquired in 2023 at $35.2 million, to fall again on. The seven-bedroom townhouse sits on the twenty seventh ground of Hampshire Home, the identical constructing the place Murdoch beforehand lived through the ‘90s.