The Real Deal New York

New Condos: Murray Hill/Gramercy Park/Flatiron
One Madison at 23 East 22nd Street

July 10, 2014 11:56AM

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23 East 22nd Street 4
23 East 22nd Street 2
One Madison, the 53-unit, 60-story residence at 23 East 22nd Street, counts famous owners such as News Corp. honcho Rupert Murdoch. The sky-high sliver of a building, which had a smooth beginning in 2006, was hit by a mixture of buyer backouts and lawsuits during the financial crisis. Things turned around after Related Companies took over the project and had it re-launched in September 2013. Murdoch spent $57 million in March on a triplex penthouse. As of early July, only one unit, a 6,620-square-foot five-bedroom asking $37.5 million, remained available. The building features a game room, a children’s play area, dining area, exercise room, caterer’s kitchen, theater room, party room and swimming pool. Contact onemadisonny.com.
NAMEOne MadisonPRICE RANGE$37,500,000
ADDRESS23 East 22nd StreetSIZE RANGE6,620 Sq Ft
TYPENew BuildingAVG PPSF$5,665
TOTAL UNITS53TAX ABATEMENTNo
DEVELOPERThe Related Companies, HFZAVG COMMON CHARGE$2.02/sf
BROKERRelated Residential SalesFINISHED BY2014
Source: Streeteasy, BuzzBuzzHome, TRD, news reports. Data as of early July. List primarily includes Manhattan condo projects that have started sales since Jan. 1, 2010 that have units on market. Projects that started sales since Jan. 1, 2010 that subsequently sold out, have all units in contract or don’t currently have any listings on the market were excluded in most cases. “Price range,” “Size range,” “Avg PPSF (Price Per Square Foot)” and “Common Charge” refer to units currently for sale.
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