Media mogul Rupert Murdoch has relisted his Manhattan triplex penthouse at a considerable discount.
Mansion Global reported Murdoch’s three-floor, 7,100-square-foot residence at the swank 60-story One Madison tower in the Flatiron District was acquired through a limited liability company for $43 million in 2014. Murdoch first listed the penthouse in 2022 for $62 million, but he is now willing for a buyer willing to spend $38.5 million.
“The revised price reflects current realities and is closer to where the market values the residence,” said Kyle Blackmon, head of luxury sales at Compass who is the listing agent on the property. “We will sell this residence, and the buyer, who will likely be an art collector, will secure an exceptional value for this important and rare offering.”
The 93-year-old chairman emeritus of News Corporation and Fox Corporation also owns another unit in One Tower’s 57th floor that he sold in 2022 for $12.5 million. Murdoch owns additional luxury residential properties in California, Montana, London and Australia.
Photo courtesy of Compass
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