Real Estate

Rupert Murdoch finally finds buyer for Flatiron penthouse, takes $15M loss

News Corp founder Rupert Murdoch finally found a buyer for his New York City penthouse. Most recently listed for $28.5 million, the triplex top unit at One Madison in the Flatiron District entered contract last week after first listing for $62 million in 2022. The 93-year-old media titan paid $43 million for the apartment in 2014.

The penthouse has been on and off the real estate market since March 2022, according to The Real Deal. The most recent $28.5 million asking price is $33.5 million below the initial listing price and $15 million less than what Murdoch paid ten years prior.

Murdoch purchased the expansive unit and another three-bedroom apartment in the same building for roughly $58 million in 2014. He sold the smaller unit, Unit 57B, in October 2022 for $12.5 million.

In February 2023, Murdoch bought a $30 million apartment on the 27th floor of Hampshire House on Billionaires’ Row.

Taking up floors 58 through 60, the five-bedroom penthouse has six bathrooms, a corner great room with double-height ceilings, and a nearly 600-square-foot terrace with views of the Hudson and East Rivers.

A grand circular staircase leads to the first bedroom level, while a secondary staircase ascends to the primary suite on the third level, featuring a dressing room and a marble bathroom with a freestanding soaking tub and rain shower.

The residence includes four additional bedrooms with ensuite baths and a staff room for added comfort and privacy. A private elevator connects all three levels, ensuring seamless movement throughout the home.

Completed in 2008, One Madison features a suite of world-class luxury amenities, including a fitness center with a yoga room, swimming pool, spa with a steam room overlooking the park, private dining room with catering kitchen, lounge, parlor with a billiards table, and a children’s playroom.

[Listing details: 23 East 22nd Street, Unit PH at CityRealty] [At Compass by Kyle Blackmon]

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