The Real Deal New York

Rupert Murdoch buys former purple B&B for $25M

Seller George Agiovlasitis purchased the West Village townhouse in 2011 for $8.2 million

April 15, 2015 11:15AM
By Claire Moses

278 West 11th Street

278 West 11th Street

(Correction appended) UPDATED 11:30 a.m., April 17: Rupert Murdoch has bought of a West 11th Street townhouse that once functioned as a purple-colored bed-and-breakfast, according to property records filed with the city Wednesday.

Murdoch, with his entity Carmel Investments LLC, paid $25 million for the home at 278 West 11th Street — $5 million less than the original asking price of $30 million.

Bathroom at 278 West 11th Street

Bathroom at 278 West 11th Street

The three-story home, between Bleecker and West 4th streets, hit the market in March 2014. Seller George Agiovlasitis bought the property in 2011 for $8.2 million.

Brown Harris Stevens’ David Kornmeier had the listing.

Agiovlasitis renovated the 6,500-square-foot former bed-and-breakfast into a single-family home, which now includes four bedrooms. The house also includes a roof deck, an elevator, a 1,200-bottle wine cellar and a private gym.

Murdoch is also scoping out a potential move for his offices that are currently located on Sixth Avenue. Murdoch’s News Corporation and 21st Century Fox are considering jointly developing a new 88-story skyscraper at the World Trade Center site, and moving their headquarters there.

Correction: A previous version of this article listed the wrong buyer of the townhouse.

  • Timmy

    Gorgeous, extremely well done.

  • BH

    has anyone ever, ever, ever managed to collect 1200 bottles of wine….and drink even a fraction of them?

    Besides that, a stunning home.

    • WannaBeLandlord

      No, that is why the home wine cellar in Greenwich, CT spec houses end up being used as a temperature controlled storage unit for the buyer after the novelty wears off. Good observation.