The Real Deal New York

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

Bennett Carroccio's unit was not listed by the sponsors
By Meenal Vamburkar | January 04, 2019 03:30PM

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, 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.