Robert Murdoch

Rupert Murdoch is relisting his 7,000-square-foot triplex at One Madison, Flatiron District, for $38.5 million, marking a significant reduction from the initial $62 million price in March 2022. The luxury unit features panoramic views, a wraparound terrace, and a glass staircase. Market fluctuations and Murdoch’s desire to sell reportedly prompted the price adjustments. Despite speculation, the reasons for the price cuts remain unclear. Murdoch, known for his media empire, initially purchased the triplex and a smaller unit in 2014 for a combined $57.9 million, subsequently selling the latter at a loss.