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
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