Media mogul Rupert Murdoch recently sold his luxurious penthouse in Manhattan’s Flatiron District for $23.8 million. This is a significant loss compared to the $43 million he paid for it in 2014. When he first listed the property for sale two years ago, the asking price was $62 million, but he struggled to find a buyer. Over time, he lowered the price multiple times, finally settling for much less than even its last listed price of $28 million.
Rupert Murdoch Sells NYC Penthouse
The penthouse is located in the One Madison skyscraper and spans three floors—58th, 59th, and 60th. It offers more than 7,100 square feet of space and features floor-to-ceiling windows with breathtaking views of the Manhattan skyline. One of the standout features is the double-height Great Room, which has soaring ceilings and a large 586-square-foot terrace, perfect for entertaining. The home also includes a formal dining room, a gourmet kitchen with top-of-the-line appliances, a library, and a powder room.
The building itself provides exclusive amenities through its private “One Club.” Residents can enjoy an indoor swimming pool, a steam room, a fitness center, and social lounges. Its prime location makes it one of the most desirable addresses in the world.
Despite its luxury and high-profile owner, selling the penthouse proved to be a challenge. Murdoch had to accept a considerable loss on the property, showing that even billionaires can struggle in the real estate market. However, given his vast wealth, this loss is unlikely to affect him significantly.
