Media scion Lachlan Murdoch has now found a buyer for his (unfinished) $14.75 residence in Nolita, according to the Corcoran Group website. Corcoran broker Brooks Nicholson confirmed that a contract was signed on June 29th for the five-story, brick building at 11 Spring Street, but could not discuss the sale price.
Back in Sept. 2003, Mr. Lachlan dropped $5.25 million on 14,000-square-foot building that served as a horse stable in the late 19th century. However, Mr. Murdoch’s plans for extensive renovations were never fulfilled–especially since his public split with Rupert, and subsequent flight back to Australia.
As Mr. Murdoch told The West Australian newspaper last May:
Both Deborah Grubman and Carol Cohen, of the Corcoran Group, also have the listing with Mr. Nicholson. Ms. Grubman–who is also Rupert’s broker–could not be immediately reached for comment.
– Michael Calderone
