Hedge funder Charles Murphy put his gorgeous 19th-century townhouse for sale, asking $49.5 million a whopping $16 million more than he paid Bronfman family in 2007.
The 25-room “classical and chic” house at Murphy’s mood no doubt plummeted in 2009, The Real Deal says, when it was discovered that the hedge fund he worked for at the time, Fairfield Greenwich Group, invested more than $7 billion with Bernie Madoff. Murphy was unemployed when, upon learning a neighbor was about to sell her townhouse for $25 million, he tried to interest the would-be buyer in his own home instead. When it didn’t work, Murphy listed the house for $37 million in 2009.
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The house is in a landmark district and retains its original 1900 Beaux Arts facade, which was designed by the architecture firm Clinton and Russell, the architects behind the Apthorp and the Hotel Astor.
READ MORE: Bronfman
Edgar Bronfman’s luxury co-op apartment at 960 Fifth Avenue has finally sold. Edgar Bronfman died last year at the age of 84, and his five bedroom residence was first listed in March, for US$65 million. More…
