James Murdoch Sells Lenox Hill SFR For $30M

Located in the Lenox Hill neighborhood, the property at 117 East 69th Street recently changed hands in a closed sale transaction. The single-family residence spans a total area of 11,281 square feet, offering ample space for comfortable living. The property was sold by James Murdoch, the former CEO/Chairman for News Corp. in Europe & Asia. The transaction took place on December 31, 2020, at a sale price of $30,000,000. This translates to a price per square foot of $2,659, showcasing the valuable nature of the property.

Summary of transaction details

• Property Type: Single-Family Residence
• Transaction Amount: $30,000,000
• Square Footage: 11,281
• Address: 117 East 69th Street
• Market: Lenox Hill

This significant sale transaction marked the successful transfer of ownership for James Murdoch's SFR asset. It is worth mentioning that this transaction represents a considerable increase in value compared to the last sale in March 2011, which recorded a purchase price of $23,000,000.

James Murdoch, the seller in this transaction, is well-known for his role as the former CEO/Chairman for News Corp. in Europe & Asia. He is the fourth child of billionaire media mogul Rupert Murdoch, whose current net worth is valued at approximately $16.3 billion. The impressive nature of this transaction further highlights the success and prominence of James Murdoch in the business world.