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150 Central Park S New York...

Rupert Murdoch Acquires Central Park South Co-op For $35.2M
SOLDCo-Op

Rupert Murdoch Acquires Central Park South Co-op For $35.2M

150 Central Park S New York, NY 10019, USA

$35,200,000

$5,415/SF

Building Size

6,500 SF

Asset Type

Co-Op

Closing

May 8, 2023

AI

Rupert Murdoch, the media mogul, purchased a 6,500-square-foot co-op on Central Park South in New York for $35.2 million. The co-op, located in the Billionaires' Row, features seven bedrooms, five bathrooms, a living room with three arched doorways leading to a terrace overlooking Central Park, and a library with a fireplace.

Summary of transaction details

  • Property Type: Co-op
  • Transaction Amount: $35,200,000
  • Square Footage: 6,500
  • Price Per Square Foot: $5,415
  • Address: 150 Central Park South, New York

Deborah Grubman from Corcoran represented Rupert Murdoch as the buyer's agent, while Joanne Douglas from Douglas Elliman represented Julian Robertson Jr as the seller's agent.

Players

Joanne Douglas

Douglas Elliman

Broker

$40.2M

vol

2 deals

Broker

Rupert Murdoch

Buyer

$235.2M

vol

2 deals

Buyer

New York Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93