Hedgie Cashes Out of Time Warner Center for $19 M.


It seems that Michael Murphy tries very hard not to live his life in superlatives. His company, Rosecliff Capital, does not have a website open to the public and he can’t be found frolicking in any party pictures, flaunting his Wall Street wealth. The hedgefunder and Hofstra grad does, however, have a “superlative residence,” according to a recent listing, which has just fetched a superlative price. Mr. Murphy and his wife, Tracy, have sold their home on the 68th floor of the Time Warner Center for $19.45 million, city records show.

The five-bedroom, five-bath home was most recently listed by Dolly Lenz of Douglas Elliman, who extolls the “4,000-square-feet of grand living space and high ceilings.” A previous listing from Elizabeth Sample and Brenda Powers notes that the place was decorated by top designer Kenneth Alpert, while Ms. Lenz demurs, saying only a “top AD 100 designer” had worked on the home, a reference to Architectural Digest‘s list of the world’s best builders and decorators.

The condo features a 675-square-foot great room and wide views of Central Park. Littered with walk-in-closets (at least five by The Observer‘s count), there is ample room for laundered goods.

The Murphys former home, which they bought in April 2009 for $12.6 million. was purchased anonymously through an LLC apparently based in Singapore. This is only the latest big sale in the blockbuster building, where the penthouse, once rented by Jay-Z, was also sold to an anonymous Asian buyer. That property fetched $31 million last year.


We noticed you're using an ad blocker.

We get it: you like to have control of your own internet experience.
But advertising revenue helps support our journalism.

To read our full stories, please turn off your ad blocker.
We'd really appreciate it.

How Do I Whitelist Observer?

How Do I Whitelist Observer?

Below are steps you can take in order to whitelist Observer.com on your browser:

For Adblock:

Click the AdBlock button on your browser and select Don't run on pages on this domain.

For Adblock Plus on Google Chrome:

Click the AdBlock Plus button on your browser and select Enabled on this site.

For Adblock Plus on Firefox:

Click the AdBlock Plus button on your browser and select Disable on Observer.com.

Then Reload the Page