Murdoch Buys Four-Story Condo for $57 Million

Thursday, 20 Feb 2014 08:40 PM

 

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News Corp. Chairman Rupert Murdoch agreed to buy the top four floors of a condominium tower near Manhattan's Madison Square Park for $57.3 million.

Murdoch, 82, who is also chief executive officer of Twenty-First Century Fox, went into contract to purchase two units at One Madison, a triplex penthouse spanning the 58th through 60th stories and another full-floor apartment beneath it, his spokesman, Steven Rubenstein, said. The properties total about 10,160 square feet, according to a statement from Related Cos., one of the developers of the tower on East 22nd Street in Manhattan’s Flatiron neighborhood.

The 7,000-square-foot triplex, sold in "raw condition," includes floor-to-ceiling windows and a wraparound terrace with "uninterrupted cinematic views of Manhattan, river to river, and from the World Trade Center to the uptown tip of Madison Avenue," Related said in the statement, which didn’t name the buyer. The three-bedroom 57th-floor unit is in finished condition.

Seventy-five percent of the building’s apartments have been sold, according to the statement. One Madison, with 53 units, includes amenities such as butler service, a screening room and an indoor pool surrounded by marble walls, according to listings website StreetEasy.com.

Dolly Lenz, principal of a New York-based brokerage that bears her name, represented the buyer, according to Related’s statement.

"One Madison has clearly proven to be the 'it' building in New York," Lenz said in a telephone interview. She declined to discuss the transaction.

Murdoch and his third wife, Wendi Deng Murdoch, divorced last year. As part of the settlement, Wendi Murdoch kept the couple’s Fifth Avenue apartment, which was transferred to her name last month, according to New York City property records.

© Copyright 2014 Bloomberg News. All rights reserved.

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