Rupert Murdoch Sells Flatiron Condo For $23.8M With Broker Kyle Blackmon Of Compass
23 East 22nd Street
$23,800,000
$3,400/SF
Building Size
7,000 SF
Asset Type
Condo
Closing
Dec 2, 2024
AI
This transaction involves the sale of a condo located at 23 East 22nd Street in the Flatiron market. The property has a sale price of $23,800,000 and encompasses a size of approximately 7,000 square feet, resulting in a price per square foot of $3,400.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $23,800,000
- Address: 23 East 22nd Street
- Market: Flatiron
- Seller: Rupert Murdoch
- Broker: Kyle Blackmon - Compass
- Square Footage: 7,000
- Price Per Square Foot: $3,400
Rupert Murdoch sold this property significantly below its original asking price of $62,000,000, which was set two years prior. He previously acquired the condo for $43,000,000 in 2014. Kyle Blackmon represented the seller in this transaction.
Players
New York Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93