Anti-Trump financier sells Trump Palace pad for less than half of original ask

Posted On Thu, January 4, 2018 By

Posted On Thu, January 4, 2018 By In Recent Sales, Upper East Side

“The problem is real and will not go away anytime soon.” Image via Google Street View.

Back in June 6sqft reported on efforts by former Goldman Sachs executive Laurence Weiss, who had been trying to sell his 3,600-square-foot, four bedroom apartment at Trump Palace at 200 East 69th Street for two years, to get the building’s residents to agree to ditch the Trump name. Weiss had originally asked $15 million for the Upper East Side condo and still had no buyer even at $8.9 million. The building’s name remains, but Weiss has finally sold the apartment–for $7.4 million, The Real Deal reports.

In a letter to fellow owners, Weiss said last summer, “The problem is real and will not go away anytime soon…We, the owners can change the name if 2/3 of us agree. I am asking you to support my effort to remove the name Trump from the building and change the legal name from Trump Palace Condominium to 200 E 68th St. Condominium…” Records show Weiss bought the unit for $6 million in 2003, so he’s still ahead, unlike liberal pundit Keith Olbermann, who sold his Trump Palace apartment September at a $400,000 loss, prompting his famous tweet about getting out “with 90% of my money and 100% of my soul!”

Adding to the troubles at Trump-monikered towers, the former Trump Soho condominium and hotel at 246 Spring Street officially become the Dominick Hotel and Spa in December. A year prior, residents of 140, 160 and 180 Riverside South voted to excise the Trump name from the facade of their building, which used to be known as Trump Place. Weiss said 32 owners had been on board to change the name, and 24 were against the change: “I am as embarrassed as anyone to be associated with Trump, but if it is affecting my property values, I said, why not try?”

[Via TRD]

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Apartment images courtesy of Corcoran Group.

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Neighborhoods : Upper East Side

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