New Manhattan digs for News Corp mogul
A spokesman for Rupert Murdoch confirmed that the media mogul purchased a $57 million condo at a new building at the base of Madison Avenue in Manhattan. Last year, the News Corp billionaire signed over a Fifth Avenue residence to his ex-wife in a divorce settlement.
Soaring Manhattan market
With large lots hard to find or assemble, New York developers have turned to building thin towers taller than most commercial skyscrapers. They contain some of the most expensive condos in the world. One Madison is just a block away from one of the city’s most iconic buildings, the 21-floor Flatiron, built in 1904.
The price of the condo, most of which is raw space, works out to be more than $5,000 a square foot. The main entertainment area is double height with windows that cover nearly the entire wall.
“The sale reflects the appeal of the custom materials, grand amenities and specialized services offered in the building,” said Leslie Wilson, senior vice president of the developer,
Plenty of room
The penthouse alone has more than 7,000 square feet of space and Murdoch purchased another full-floor apartment right below for a total of more than 10,000 square feet. From the wraparound terrace, there are 360-degree views encompassing lower Manhattan, New Jersey, Long Island and Midtown.
The condo occupies the top four floors of a 60-story building at the base of Madison Avenue. The north windows face Midtown Manhattan, the Empire State and Chrysler buildings, and offer a close-up of the campanile of the old MetLife tower, once the tallest building on earth.
Pool and club
The building offers amenities such as a pool and spa for residents only. There’s also a club with entertainment space and a “butler-staffed catering kitchen,” according to Related.
A discreet back building entrance opens onto a modern lobby of marble walls, wood columns and a water feature. Art work chosen especially for the space will remain there permanently.
The building’s location near the center of Manhattan is a short limo ride from both the Midtown and Downtown office building districts.