Rupert Murdoch to Buy $57.25 Million Penthouse
February 25, 2014 - New York
Media executive Rupert Murdoch is in contract to buy the top four floors of new Manhattan condo building One Madison.
Mr. Murdoch, 82, will pay $57.25 million for the downtown spread, according to sources with knowledge of the purchase. The sale is set to close next week.
Mr. Murdoch bought floors 57 to 60, which total 10,160 square feet, from the developer. They include two units: a 6,850-square-foot triplex penthouse that had been on the market for $50 million, and a 3-bedroom apartment on the floor below that had been listed for $16.5 million. The two apartments are unconnected, but could easily be combined.
The penthouse has five bedrooms and 5½ bathrooms, with a 586-square-foot wraparound terrace.
A double-height great room with a circular staircase has close-up views of the Clock Tower building. Floor-to-ceiling windows offer views of the Hudson and East rivers, the Empire State Building and the World Trade Center. The apartment has an internal private elevator.
Mr. Murdoch purchased the unit in raw condition, meaning he will install his own finishes.
On June 13 of last year, Murdoch filed for divorce from his third wife, Wendi Deng, after 14 years of marriage.
A little more than two months later, the 82-year-old media mogul closed on a $28.8 million purchase of Moraga Vineyards, a 13-acre estate in Bel Air.
One Madison, a 60-unit tower being developed by Related, is located at the southeast corner of Madison Square Park, with an entrance on 22nd Street.
Construction on the amenities and lobby of the building will be completed this spring, Related said.
blog, celebrities, Manhattan, Penthouse, Estate of the Day