Friday, December 17, 2004
New York apartment hits record high
News Corporation (which owns Fox Broadcasting and Twentieth Century Fox) chairman Rupert Murdoch is expected to buy John D. Rockefeller's son, Laurance Rockefeller's Fifth Avenue co-op penthouse apartment at 834 Fifth Avenue for an all-cash asking price of $44M -- one of the "five best" apartments in the city --according to this New York Times story (registration required):
If the deal is completed, the sales price would surpass the record $42.25 million that the financier David Martinez paid last year to create a single apartment from two condominium units in the south building of the Time Warner Center on Columbus Circle.
...Mr. Murdoch is buying one of the city's most opulent apartments on one of the most elegant stretches of Fifth Avenue. The apartment is on the 14th through 16th floors of a building designed by the architect Rosario Candela and completed in 1931. It has 20 rooms making up about 8,000 square feet and about 4,000 square feet of terraces spread over the three floors. The monthly maintenance is $21,469.07.