Rupert Murdoch, the 93-year-old billionaire media mogul, has had a difficult time selling his three-floor New York City apartment. Despite being initially listed for $62 million in 2022 and featuring stunning 360-degree views of Manhattan, the nearly 7,000-square-foot penthouse has remained unsold despite numerous attempts to re-list it at lower prices.
Murdoch’s latest attempt to sell the property at a reduced price comes after a series of price reductions over the years. The former chair of Fox Corporation and News Corp. briefly listed the apartment for $72 million in 2015 but later reduced the asking price to $62 million in 2022. The property was briefly taken off the market in December 2023 before being re-listed in April for $38.5 million. The price was further slashed to $28.5 million two months later.
Despite these efforts, Murdoch’s net worth of $19.7 billion likely softens the impact of not being able to sell the apartment quickly. However, Murdoch and his new wife, Elena Zhukova, have found success in other ventures and are likely not too concerned about losing money on this particular property sale.
The reduced price of $28.5 million offers a glimpse into the luxurious living space that Murdoch hopes to sell someday. While it may be challenging to find a buyer for this high-priced property, its prime location near Madison Square Park and Flatiron building makes it an attractive option for potential buyers looking for a unique luxury home in New York City.
In conclusion, while Rupert Murdoch’s three-floor New York City apartment has been a challenge to sell due to its high price tag and limited availability on the market, its luxurious features and prime location make it an attractive option for potential buyers looking for a unique luxury home in one of America’s most iconic cities.
