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decade after launching sales, a Tribeca penthouse at 111 Murray Street has finally closed for $28.1 million. The price represents a significant reduction from the original asking price of $45 million in the offering plan. The buyer, whose identity is protected by a trust, signed a contract earlier this summer for the five-bedroom apartment, which was then listed for just under $34 million.

    The 63rd-floor home spans 7,500 square feet and features six bathrooms, a private elevator landing, and floor-to-ceiling windows with views of the Hudson River and Manhattan skyline. The penthouse is one of two pinnacle homes at the 157-unit building, which was developed by The Witkoff Group, Fisher Brothers, and New Valley Ventures.

    The developers initially sought $45 million for the unit when it hit the market in 2018, but reduced the price to $40 million before raising it again to $45 million in May 2024. It was later dropped to its final asking price of just under $34 million. The penthouse's sale marks a milestone for the building, which launched sales in 2015 and has seen other notable buyers, including e-commerce entrepreneur Bennett Carrocio and former President Donald Trump's lawyer Michael Cohen.