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.
Trump Parc Stamford via F.D. Rich Company
Stamford might be joining the ranks of Soho, the Upper West Side, Toronto, Queens and Panama. Some residents of the Trump Parc condominium in Connecticut want to remove President Donald Trump’s name from their building and with new officers on its board, a vote for a name-change might be around the corner. According to the Stamford Advocate: “Some owners, in recent interviews, said a vote on the Trump name is now more likely as property values continue to decline and some owners and realtors say the name drags down prices.”
Ears ringing? Yes, the neighbors are at it already, talking about you and your new swanky new home. Well, that is if you decide to drop the $11.8 million on this 3,050-square-foot apartment at the Trump Parc. Located at 106 Central Park South, this home features a 51-foot, semi-circular great room capped off with an 18-foot, undulating, Gaudi-inspired ceiling that will make even the most jaded real estate aficionados look twice.