Early e-commerce entrepreneur picks up 111 Murray pad for $14M

Bennett Carroccio's unit was not listed by the sponsors

TRD New York /
Jan.January 04, 2019 03:30 PM

111 Murray Street (Credit: CityRealty)

His motto is “get it done.” And early e-commerce entrepreneur Bennett Carrocio did just that at 111 Murray Street, closing on an unlisted sponsor unit Friday for $14 million, city records show.

The unit at Fisher Brothers, Witkoff Group and New Valley’s Tribeca condominium was not listed, but the offering plan shows Unit 57 West spans about 3,800 square feet and includes five bedrooms and 6.5 bathrooms. It was priced at $13.75 million.

It’s perhaps a bit ironic, given that Carroccio was a co-founder and investor in 1990s-era job listings website HotJobs.com, which was bought by Yahoo for $426 million in 2002. Carroccio, who currently heads One Square Ventures, a holding firm for real estate and venture capital investments, couldn’t immediately be reached for comment.

The closing of Unit 57 West is welcomed news for the developers, who received a $650 million condo inventory loan from Blackstone Group in May. The 157-unit project launched sales in 2015 and includes amenities like an indoor pool and more than 20,000 square feet of private indoor space and landscaped gardens. The penthouse was listed in spring of 2018 for $40 million.

Last year, Michael Cohen, President Trump’s former fixer, listed his new apartment at 111 Murray as a $25,000-a-month rental. Cohen, who pleaded guilty to lying about his involvement in the deal to bring a Trump Tower to Russia, was sentenced to three years in prison in December.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
(iStock)

Manhattan vacancy hits new peak; Brooklyn stable

Manhattan vacancy hits new peak; Brooklyn stable
200 Water Street and 31 Prospect Park West (Google Maps)

Brooklyn’s luxury deal totals rise for 3rd straight week

Brooklyn’s luxury deal totals rise for 3rd straight week
Metro areas with less affordable housing drive high-income buyers to eye homes in lower-income neighborhoods at disproportionate rates (iStock)

TRD Insights: Gentrification happening fastest in least affordable cities

TRD Insights: Gentrification happening fastest in least affordable cities
Gov. Andrew Cuomo has given the go-ahead to reopen schools for in-person learning statewide (Getty; iStock)

School’s back on. Will the NYC resi market follow suit?

School’s back on. Will the NYC resi market follow suit?
New York’s real estate market is becoming two different stories: Manhattan, where deals are falling — and the suburbs, where demand is spiking. (iStock, Unsplash)

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July

Manhattan is cold, the suburbs and Brooklyn are hot: Here’s what the resi market looked like in July
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...