Rupert Murdoch sells apartments with a 360.degree view of the Hudson and East rivers

Communications mogul Rupert Murdoch is selling two units at the One Madison apartment tower in New York for $ 78 million.

One of the units, valued at $ 62 million, is a more than 650-square-foot triplex penthouse on the 58th, 59th and 60th floors of the apartment tower, located in the Platiron neighborhood and overlooking Madison Square Park. Murdoch also sells a smaller, one-story apartment One below, for $ 16 million, according to the Korcoran Group real estate agency.

From the One Madison apartment tower in New York / Photo: cityrealty.com

Murdoch paid about $ 57.9 million for the two apartments in 2014, according to records. The real estate agency says the triplex was built according to Murdoch’s specific requests. It was also reported that during construction he lived in a unit on the 57th floor, with three bedrooms in an area of ​​about 300 square meters. After moving to the penthouse, he used the smaller apartment mainly for staff and guests. The two units can be combined subject to building approval. The real estate agency.

The triplex has a total of five bedrooms, including the master suite, as well as a staff room. The unit has floor-to-ceiling windows and 360-degree views of the Hudson and East Rivers, the Empire State Building and the World Trade Center. “You can see almost any iconic building, and on a clear day you can see the ocean,” the real estate agent said.

From the One Madison apartment tower in New York / Photo: cityrealty.com

From the One Madison apartment tower in New York / Photo: cityrealty.com

The large room has ceilings about 16 meters high, and a shell balcony with an area of ​​about 55 square meters. A curved glass staircase leads to the second level and an internal elevator serves all three floors.

Good time to sell

Murdoch declined to comment, using a spokesman. He has owned various properties in New York over the years and finds that this is a good time to sell, according to the real estate agent. “There continues to be strong demand, especially for luxury properties,” she said. For $ 72 million in 2015, but did not sell it.

New York’s luxury real estate market recovered after being halted during the epidemic. In the fourth quarter of 2021, the number of luxury sales in Manhattan rose 87.4% year-on-year and 48.6% from the fourth quarter of 2019, according to real estate appraiser Miller Samuel. The median selling price in the luxury market was constant from year to year, but 16.67% higher than in the fourth quarter of 2019.

From the One Madison apartment tower in New York / Photo: cityrealty.com

From the One Madison apartment tower in New York / Photo: cityrealty.com

Murdoch is the senior chairman of the News Corp., which owns the Wall Street Journal. Last year, he and his wife, Jerry Murdoch, purchased a 34,000-acre cattle ranch in Montana near Yellowstone National Park from Matador. Cattle Co, a subsidiary of Koch Industries, according to the Wall Street Journal reported, the purchase price was about $ 200 million, making it the largest farm sale in Montana history.

The Murdoch family also owns a farm in California and a 25,000-acre sheep and cattle ranch in Murdoch’s native Australia. In 2013, Murdoch purchased a mansion and winery in the Bel-Air neighborhood of Los Angeles.

By Editor

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