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Murdoch makes $2.5m from New York property sale

Murdoch Makes $2.5m From New York Property Sale

Media tycoon Rupert Murdoch has bagged more than $2m profit from the sale of his New York pad.

The 85-year-old bought the townhouse in March last year for the not inconsiderable sum of $25 million. By the time the year was out, though, he had already relisted the Property on the market.

The Greek Revival-style home dates from the mid-19th Century and sits in the West Village, boasting four bedrooms, four full bathrooms and three half bathrooms.

The property spans four-storeys, as well as a basment and roof terrace, with the master suite alone taking up an entire floor, including a fireplace and fitted dressing room, not to mention a private terrace looking out over the garden.

The asking price for the home back in August 2015? An even higher $28.9 million.

To finally snag a buyer, who, naturally, remains anonymous, Murdoch had to slash his price to a lower $27.5 million, but the deal still marks a tidy profit the billionaire. After all, every little helps.

Variety

Photo: Dolly Lenz Real Estate (via Variety)

More details revealed about Jackie Collins’ home sale

Earlier this year, the custom-built Beverly Hills Estate of the late Jackie Collins was finally sold. Now, more details have been unearthed about the mysterious transaction.

The home, which was advertised for $30 million when originally listed, reportedly sold for the lower sum of $21 million, with The Wall Street Journal also managing to discover the identity of its new owner: real estate tycoon Ben Nehmadi.

Real Estalker notes that he also bought the Smaller Property next door, which was owned by Ms. Collins as well and leased to none other than Al Pacino. Together, the homes reportedly cost Nehmadi $30 million, pegging the smaller home at around the $9 million mark.

The WSJ was told by a representative of Nehmadi and his wife that they will move in to the mansion and may eventually use the smaller property to house guests. Al Pacino, though, will “remain in place” for the near future.



This post first appeared on TheMoveChannel.com | International Property News, please read the originial post: here

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Murdoch makes $2.5m from New York property sale

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