Murdoch Buys 4 Floors of NYC Condo Tower for $57 Million

Photographer: David Krieger/Bauer-Griffin/FilmMagic via Getty Images

The One Madison residential tower stands in New York. Close

The One Madison residential tower stands in New York.

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Photographer: David Krieger/Bauer-Griffin/FilmMagic via Getty Images

The One Madison residential tower stands in New York.

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 Inc., 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 (944 square meters), 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.

Photographer: Keyur Khamar/Bloomberg

Buildings, including the One Madison Park residential tower, left, the Met Life Tower, center, and New York Life Insurance Company building, right, stand near Madison Square Park in this aerial photo taken over New York. Close

Buildings, including the One Madison Park residential tower, left, the Met Life Tower,... Read More

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Photographer: Keyur Khamar/Bloomberg

Buildings, including the One Madison Park residential tower, left, the Met Life Tower, center, and New York Life Insurance Company building, right, stand near Madison Square Park in this aerial photo taken over New York.

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.

To contact the reporters on this story: Oshrat Carmiel in New York at ocarmiel1@bloomberg.net; Edmund Lee in New York at elee310@bloomberg.net

To contact the editor responsible for this story: Kara Wetzel at kwetzel@bloomberg.net

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