The ultimate penthouse at 111 Murray Avenue has offered 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 challenge, 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. Nevertheless, the condo didn’t hit the market till September 2025, with an asking value just below $34 million.
The 7,700-square-foot condo wasn’t accomplished till late summer time, in keeping with Douglas Elliman’s Emily Sertic, who has led gross sales on the challenge since its launch. She added that the unit generated “extraordinarily robust curiosity” as soon as it was completed.
“Folks which can be shopping for within the luxurious market at a really excessive stage are extraordinarily all for having the ability to transfer in [immediately],” Sertic stated. “Fast gratification is unquestionably one thing I believe we’re seeing extra of.”
The unit has 5 bedrooms and 6 full bogs, together with terraces totaling greater than 230 sq. toes. It additionally contains 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 client 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 condo, Unit PH2, which traded for $28 million — a $17 million low cost from the $45 million the builders as soon as looked for it within the providing plan. It offered to a purchaser whose identification was shielded by a belief.
The builders bought the event website for 111 Murray Avenue for $200 million in 2013. In 2015, they snagged a $445 million development mortgage from a gaggle 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 heart and personal eating room.
Learn extra
Penthouse at 111 Murray sells for $17M off
Manhattan’s luxury contracts rev up to 20-week high
The mogul cashing out at 220 Central Park South
