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Murdoch's $44M New York pad?
Report says News Corp. chief agrees to buy Fifth Avenue penthouse apartment for a record price.
December 17, 2004: 10:03 AM EST

The New York Times says Rupert Murdoch will buy an apartment at 834 5th Ave. for a New York record $44 million.  
The New York Times says Rupert Murdoch will buy an apartment at 834 5th Ave. for a New York record $44 million.

NEW YORK (CNN/Money) - Rupert Murdoch, chairman and CEO of media giant News Corp., has agreed to buy the late Laurance Rockefeller's Fifth Avenue penthouse apartment for $44 million, according to a report published Friday.

The New York Times said the billionaire media mogul will pay the asking price for the three-story apartment in a lavish co-op at 834 Fifth Avenue. The price would be the highest ever paid for a Manhattan apartment if the deal goes through, the newspaper said, citing a source familiar with the deal.

The offer was accepted Monday by representatives of Rockefeller's estate, which is responsible for the sale, according to the Times. And once the contract is signed by Murdoch, he and his family must also be approved by the building's co-op board.

If approved, Murdoch would own the 20-room triplex that spans the building's 14th, 15th and 16th floors. It has 8,000 square feet of floor space and spacious terraces on each floor. The monthly maintenance fee is $21,469.07.

The building is already home to many wealthy New Yorkers, including A. Alfred Taubman, the former chairman of Sotheby's; Carroll Petrie, the philanthropist; Harold Prince, the Broadway producer; and John H. Gutfreund, the financier, according to the newspaper.

Murdoch, 73, is ranked No. 43 worldwide with a net worth of about $7.8 billion, according to Forbes magazine.

The current record for a Manhattan apartment sale is $42.25 million, paid last year for a pair of adjoining condominium units at the Time Warner Center on Columbus Circle, the Times said.  Top of page




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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer.

Morningstar: © 2014 Morningstar, Inc. All Rights Reserved.

Factset: FactSet Research Systems Inc. 2014. All rights reserved.

Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.

Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2014 and/or its affiliates.