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Rupert Murdoch Sells Flatiron Condo For $23.8M With Broker Kyle Blackmon Of Compass
SOLD
$23,800,000
New York
See Similar DealsCondo7,000 SF
Sold 12/02/2024
SOLD
Rupert Murdoch Sells Flatiron Condo For $23.8M With Broker Kyle Blackmon Of Compass
23 East 22nd Street
See Similar DealsCondo7,000 SF
Sold 12/02/2024
Summary
NEW YORK
Asset Type:Condo
Price Per Square Foot:$3,400
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,269,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$84,556.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,824.14
Annual Debt Service$1,353,889.71
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