While some of Donald Trump’s family businesses have managed to profit from his presidency, his condo buildings in New York City continue to see significant price drops. According to a new report from CityRealty, owners of apartments at Trump-branded buildings in the city are “eager to get out,” even willing to take a significant loss on their properties. From 2016 to 2020, overall closing sales prices at nine Trump-branded condos dropped by 25 percent, according to CityRealty’s index tracking prices at Manhattan buildings owned by the Trump Organization.
845 United Nations Plaza
CityRealty, real estate trends
Over the last four years, sale prices at Trump-branded condos dropped by 25 percent, Thu, September 10, 2020
Cool Listings, Turtle Bay
Massive $39M Trump World Tower ‘sky mansion’ has 16 rooms, 24 hidden TVs, and 20+ closets, Wed, August 22, 2018
The listing for this 7,500-square-foot, 16 room, six-bedroom property in the Trump World Tower at 845 United Nations Plaza calls the massive home a “mansion in the sky,” and that gives you an idea of just what to expect, though you might already guess what to expect from the (almost) entire 82nd floor of the modern-luxe-encrusted tower. There are, of course, the 360-degree views, which reach to the moon. And a peek at the floor plan affirms a dizzying magnitude of square footage in one single Turtle Bay condominium.
Policy, Turtle Bay
Michael Cohen’s inlaws list three condos at Trump World Tower amid legal battle, Mon, June 18, 2018
Photo of Michael Cohen via Wikimedia; listing photo via Trump International Realty
As President Donald Trump’s personal attorney, Michael Cohen, faces mounting legal fees, his family is looking to sell three condominium units at a 72-story Trump building in Manhattan. Bloomberg reported Friday that Cohen’s father-in-law Fima Shusterman wants to sell three apartments he owns in Trump World Tower at 845 United Nations Plaza. Just two of the units are listed on the Trump International Realty website: a three-bedroom unit, 57B, for $6.7 million and a two-bedroom unit, 42A, for $4.5 million. Not listed but still for sale, the family’s 43rd-floor apartment was purchased in 2003 for $1.85 million, but the current price is not yet known.
real estate trends, Turtle Bay
Donald Trump’s United Nations Tower Is the City’s Most Valuable Condo, Fri, January 29, 2016
He may have taken a hit last night with his anti-debate veterans rally, but Donald Trump has come out on top here in the city. The Real Deal analyzed the Department of Finance’s preliminary tax rolls and found that his Trump World Tower at 845 United Nations Plaza is the most valuable condo building in New York City based on tax collection purposes. “The 362 condo units in the Midtown East building, which Trump completed in 2001, have a total market value of $238.27 million in fiscal year 2016,” they say. To boot, Trump Place at 220 Riverside Boulevard comes in eighth on the list.