The ultimate penthouse at 111 Murray Road has bought for $31 million, The Actual Deal has discovered.
The deal, which closed on Monday and works out to roughly $4,000 per sq. foot, marks the final of the sponsor gross sales on the Tribeca venture, which began marketing units roughly a decade in the past.
Penthouse 1 traded for considerably lower than the $50 million the builders — a cohort together with the Witkoff Group, Fisher Brothers and New Valley Ventures — specified within the newest modification to its providing plan in 2024. Nonetheless, the residence didn’t hit the market till September 2025, with an asking value slightly below $34 million.
The 7,700-square-foot residence wasn’t accomplished till late summer time, in response to Douglas Elliman’s Emily Sertic, who has led gross sales on the venture since its launch. She added that the unit generated “extraordinarily sturdy curiosity” as soon as it was completed.
“Individuals which might be shopping for within the luxurious market at a really excessive stage are extraordinarily focused on having the ability to transfer in [immediately],” Sertic mentioned. “Rapid gratification is certainly one thing I feel we’re seeing extra of.”
The unit has 5 bedrooms and 6 full loos, together with terraces totaling greater than 230 sq. ft. It additionally incorporates a fire, eat-in kitchen, library and floor-to-ceiling home windows with views of the Hudson and East rivers and the Manhattan skyline.
Ryan and Emilia Serhant, who represented the customer within the sale, declined to remark, together with on the identification of the purchaser.
The deal for the unit comes greater than a 12 months after the builders offloaded the constructing’s different penthouse residence, Unit PH2, which traded for $28 million — a $17 million low cost from the $45 million the builders as soon as hunted for it within the providing plan. It bought to a purchaser whose identification was shielded by a belief.
The builders bought the event website for 111 Murray Road for $200 million in 2013. In 2015, they snagged a $445 million development mortgage from a bunch of lenders together with Blackstone, M&T Financial institution and Deutsche Financial institution. Two years later, they scored a $650 million stock mortgage from Blackstone.
Facilities within the 157-unit constructing, accomplished in 2018, embrace a lap pool, hammam, health middle and personal eating room.
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