On December 21, 1912, a 60-foot-tall tree arrived by horse-drawn truck from the Adirondacks to provide Manhattan’s Madison Square Park with the glow of 2,300 colored electric bulbs. The twinklers were donated by the Edison Company, and the tree was the first of its kind: Having a Christmas tree in one’s living room was a familiar custom, but a tree outside in a public park was something new.
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Rupert Murdoch Lists One Madison Penthouse for $72M, Is Reportedly Buyer of $25M West Village Townhouse, Fri, April 17, 2015
Rendering of the penthouse, which occupies the tower’s top three floors
The Wall Street Journal reports today that News Corp. and 21st Century Fox chairman Rupert Murdoch has listed his penthouse at One Madison for $72 million. He bought the 6,850-square-foot triplex last February, in conjunction with a full-floor unit on the 57th floor below, for $57.25 million. He originally intended to use the smaller apartment as a guest suite, and moved into it while architect Jose Ramirez built out the penthouse.
But Murdoch has now shifted gears, putting the penthouse on the market, keeping the 57th-floor unit, and buying a $25 million West Village townhouse where he plans to live full time. Interestingly, the townhouse is reportedly the former purple bed and breakfast turned single-family mansion, which hit sales records on Wednesday.
Recent reports show that NoMad has taken over the top spot for priciest neighborhood in the city in which to rent, with a one-bedroom unit going for an average of $4,270/month. For most real estate aficionados this isn’t shocking, as the neighborhood has been growing into one of the city’s hottest spots for the past several years, but few know of the area’s fascinating past.
Named for our fourth president, James Madison, the 6.2-acre Madison Square Park was first used as a potter’s field, then an army arsenal, then a military parade ground and finally as the New York House of Refuge children’s shelter, until it was destroyed by a fire in 1839. After the fire, the land between 23rd and 26th Streets from Fifth to Madison Avenues was established as a public park enclosed by a cast-iron fence in 1847. The redesign included pedestrian walkways, lush shrubbery, open lawns, fountains, benches and monuments and is actually similar to the park that exists today.
If you’re familiar with the NYC gallery scene you definitely know the Pace Gallery and its founder Arnold “Arne” Glimcher, one of the world’s most powerful art dealers, as well as a film producer and director. According to city records, Arne and his son Marc have bought a $5.6 million Madison Square loft at 117 East 24th Street. The contemporary space boasts four bedrooms and 4,000 square feet as well as 11.5-foot ceilings and plenty of wall space to display one’s art collection, though we’re not sure which of the father-son art dealing pair will be residing in the loft.
Supermodel Gisele Bündchen and her NFL star hubby Tom Brady have just put their 3,300-square-foot apartment at One Madison on the rental market. The couple, who also own a mansion in Los Angeles and have built another in Brookline, MA, are offering up their modern Manhattan pad for $40,000 a month—or $42,500 if you want the space to come fully furnished. Either way, the home boasts some pretty spectacular 360-degree views of the city all throughout.
When it comes to New York City real estate, many people liken fluctuating prices to the chicken-or-egg phenomenon: does a building transform a neighborhood or does construction follow the most up-and-coming areas?
In the case of One Madison, the super sleek 60-story, high-rise tower that is home to a media mogul, a supermodel, and star quarterback, gentrification had already taken hold in the larger NoMad area when construction began on the building in 2006.