721 Fifth Avneue

Midtown East, real estate trends

Trump Tower prices slide since 2015 presidential campaign

By Michelle Cohen, Fri, November 10, 2017

Photo of Trump Tower via Krystal T’s Flickr

Sales prices at the tony Midtown condo building at 721 Fifth Avenue have dropped sharply since Donald Trump began his presidential campaign, according to the Wall Street Journal. The median sale price and average price per square foot are down since 2015 and are now reaching the lows experienced during the last financial crisis. Brokers aren’t exactly sure whether the “Trump effect” has caused the slump–including issues specific to the tower such as heightened security, protests, and a general antipathy toward all things Trump–or it’s part of an overall softening of the luxury condo market.

Is it the Curse of Trump?

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