Penthouse at 111 Murray Street Sells for $28M, Nearly $17M Below Peak Price
Penthouse at 111 Murray Street Sells for $28M, Nearly $17M Below Peak Price
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July 17, 2025 | New York City
After a decade of price shifts and market turbulence, a luxury penthouse at 111 Murray Street in Tribeca has finally sold for $28.1 million. Known as PH2, the five-bedroom, six-bathroom condo was originally listed in 2018 for $40 million, with its asking price briefly peaking at $45 million in 2024 before eventually settling at just under $34 million.
The sprawling 7,500-square-foot residence on the 63rd floor features a private elevator landing, a terrace, and panoramic views of the Hudson River and Manhattan skyline through floor-to-ceiling windows. The final price comes to roughly $3,800 per square foot. The buyer’s identity remains undisclosed, shielded by a trust.
The sale of PH2 marks the first of the two penthouses at the 157-unit tower to close. The second penthouse, PH1, is not actively listed but holds a $50 million valuation in the latest offering plan amendment. The building, developed by Witkoff Group, Fisher Brothers, and New Valley Ventures, began sales in 2015 after securing major loans from Blackstone and others.
The 111 Murray project was among the most ambitious new developments of the last cycle, built on the former site of a St. John’s University campus. Despite early excitement and high-profile buyers like Michael Cohen and tech entrepreneur Bennett Carrocio, this sale reflects a recalibration in Manhattan's ultra-luxury condo pricing.
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