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23 East 22nd Street

Rupert Murdoch Sells Condo In Flatiron District For $29 Million With Broker Kyle Blackmon
SOLDCondo

Rupert Murdoch Sells Condo In Flatiron District For $29 Million With Broker Kyle Blackmon

23 East 22nd Street

$29,000,000

$4,142/SF

Building Size

7,000 SF

Asset Type

Condo

Closing

Oct 14, 2024

AI

The property asset involved is a condo located at 23 East 22nd Street in the Flatiron District. The condo is a 7,000-square-foot penthouse that spans the top three floors of the building. The sale price is $29,000,000, which reflects a price per square foot of $4,143. The property had been on and off the market since 2022 and had an initial listing price of $62 million.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $29,000,000
  • Seller: Rupert Murdoch
  • Broker: Kyle Blackmon - Compass
  • Market: Flatiron District
  • Square Footage: 7,000
  • Price per Square Foot: $4,143

The transaction is represented by Kyle Blackmon of Compass, who is the broker representing the seller, Rupert Murdoch. The property was initially purchased by Murdoch for $58 million in 2014.

Players

Kyle Blackmon

Compass

Broker

$149.3M

vol

5 deals

Broker

New York Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.55%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93