The triplex in New York’s Flatiron district is priced at $58.5 million, almost 38 per cent lower than when it was first put up for sale in 2022.
The roughly 7000-square-foot triplex in Flatiron was first listed by the billionaire News Corp chairman emeritus for $US62 million in 2022. It’s since taken multiple cuts: Before it was delisted in December 2023, the asking price had fallen to $US42 million, according to StreetEasy.“I can’t opine on the previous listing prices,” says Kyle Blackmon, the head of luxury sales at Compass who is representing the property for $US38.5 million .
According to original reports, in 2014 Murdoch paid a combined $US57.9 million for the triplex and a smaller three-bedroom, 3300-square-foot unit in the building. The apartment’s multiple price cuts don’t necessarily reflect the tenor of Manhattan’s super-prime market, says Jonathan Miller, president and chief executive officer of appraiser Miller Samuel. “We’re not used to seeing sharp drops in price for this luxury subset,” he says. “Activity has been relatively stable since peaking in 2021.”Manhattan had 10 co-op and condo sales that exceeded $US50 million in 2021, 12 in 2022 and 10 in 2023, Miller says.
The second floor is primarily devoted to bedrooms, and the top floor has the large primary suite. In total, there are five beds and 6.5 baths. “The action my client is taking by reducing the price reflects the desire to transact,” Blackmon says. “He’s an incredibly smart businessman, and we intend to get the job done for him.”
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