Trump Tower, #59B, which recently had its price reduced (Douglas Elliman)
This fall, after years of investigation and legal back-and-forth, former President Donald Trump’s civil fraud trial is underway in Manhattan. Attorney General Letitia James has accused the Trump Organization of falsely inflating the value of its assets and net worth so that lenders, insurance companies, and the general public would look more favorably on it. One particularly egregious example was Trump representing the size of his Trump Tower penthouse at 30,000 square feet when it is actually just over one-third of that.
Ivanka Trump is set to testify today, and her father and adult brothers have already testified. Their testimony ranged from denying everything to arguing that real estate valuations are different from those in other businesses to ranting about the unfairness of the judge, the attorney general, and the trial. But others have acknowledged fraudulent practices and false figures; some legal experts have pointed out that the former president might have unwittingly confirmed that his company’s financial representations were to sway lenders; and Attorney General James has said that “the numbers don’t lie.”
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Attorney General James has asked that the Trump Organization pay a hefty fine and be barred from doing business in New York. If this came to pass, all relevant assets would be placed under the control of a court-appointed receiver, whom Axios notes would operate much like the executor of an estate, managing the properties and selling them when needed; the former president would not be involved. These include Trump Tower and Trump Park Avenue, two residential properties that still bear the Trump name and are still owned by the Trump Organization.
Against this backdrop, an apartment at Trump Tower (not the falsely inflated penthouse, though) had its price slashed from $3.95 million to $2.59 million, and a condominium at Trump Park Avenue experienced a $1 million price reduction. These are among the 288 sales listings throughout New York City that experienced price cuts from November 1-7, 2023.
Please be advised that all of the figures quoted below reflect cumulative price cuts as opposed to the most recent reductions. A full list of last week's price cuts may be seen below, or the chart can be viewed in a separate window here.
Please be advised that all of the figures quoted below reflect cumulative price cuts as opposed to the most recent reductions. A full list of last week's price cuts may be seen below, or the chart can be viewed in a separate window here.
Trump Tower, #59B (Douglas Elliman)
From the Listing: Situated just 2 blocks from Central Park on the 59th floor of a white-glove, full-service condominium, this corner 2-bedroom, 2-bath residence spares no detail and defines luxury and fine taste. Double exposures facing south and east offer spectacular views of New York and the iconic Empire State Building. This residence can also be delivered fully furnished at no additional cost with designer furnishings (both new and antique) that have been curated by renowned interior designer Tony Ingrao. See floor plan and full details here.
52 Riverside Drive, #7A (Sotheby's International Realty)
From the Listing: Spectacular sunsets await you in this elegant prewar apartment with all details intact: hardwood floors, high beamed ceilings, solid doors and bathrooms lined with marble imported from Italy. Newly painted and floors refinished to show their natural beauty. Beautifully situated on Riverside Drive between West 77th and West 78th Street, the apartment is directly across from Riverside Park and the 79th Street Boat Basin. See floor plan and full details here.
1175 Park Avenue, #10A1 (Coldwell Banker Warburg)
From the Listing: Grandly proportioned prewar classic six on Park Avenue's 22-foot gallery leads to the huge front corner living room with wood-burning fireplace and the formal dining room. The kitchen and butler’s pantry lead to a staff room or home office with a full bath. The apartment has high ceilings, beautiful prewar details and just needs TLC to make it shine! See full details here.
Trump Park Avenue, #6HJ (Douglas Elliman)
From the Listing: This expansive 1,876-square-foot home boasts a spacious layout with solid oak hardwood floors, classic crown moldings, and high beamed ceilings. Enter through the foyer and immediately notice a large living room connecting to the open dining room, creating a perfect flow for entertaining. Adjoining is a modern kitchen featuring abundant cabinetry and top-of-the-line stainless steel appliances. See full details here.
The Plaza, #401 (Douglas Elliman)
From the Listing: Upon arriving, a gracious foyer with powder room leads to majestic great room and dining area and banquette. Walnut bordered oak floors contrast beautifully against richly painted walls adorned with crown molding, built-in shelving, tall baseboards and recessed window casing. AMX Home integration system controls the multi-zoned HVAC, audio visual, lighting and custom draperies. See floor plan and full details here.
The Salem House, #7J (Nest Seekers LLC)
From the Listing: This charming 465-square-foot studio apartment is nestled in the heart of New York City’s Upper East Side. The studio’s kitchen is a showcase of elegant design, featuring a polished mosaic Carrara herringbone backsplash and sophisticated Greige Marbella kitchen flooring. All bathroom fixtures and finishes exude timeless sophistication, finished in polished chrome by Kohler. See floor plan and full details here.
The Gramercy, #1BR (Compass)
From the Listing: This one bedroom, one bath apartment has a grand living room with 13’ ceilings and original 1883 moldings - a perfect space for elegant entertaining. There is an original fireplace with original hearth tiles (now decorative) and three 7’ windows with shutters. The entry hall provides gallery space to display your art and entice your guests. Key to Gramercy Park included! See floor plan and full details here.
870 United Nations Plaza, #31/32F (Douglas Elliman)
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From the Listing: From the moment you enter this dazzling 31st floor seven-room duplex you will marvel at the endless unobstructed views of the East River and iconic cityscape extending far beyond the Brooklyn Bridge. This extraordinary view is framed by enormous wall-to-wall windows and nine-foot ceilings. The spacious entrance gallery with wet bar showcases the spiral staircase ascending to four bedrooms and four full bathrooms. The gallery opens to a sprawling 30’ x 15’ living room with a wood-burning fireplace flanked by custom-milled cabinets. See floor plan and full details here.
The Cambridge House, #PHB (Brown Harris Stevens)
From the Listing: This six-room duplex penthouse has three terraces and fantastic panoramic views overlooking Greenwich Village, Hudson River and beyond from every room. Upstairs is an open plan, featuring a living room with a wall of south/west facing windows and access to a wrap terrace perfect for relaxing or entertaining. Downstairs offers a bit of flexibility with a generous primary bedroom and second bedroom or office.
See floor plan and full details here.
176 East 75th Street, #TH (Sotheby's International Realty)
From the Listing: Perfectly located on a picturesque tree-lined street in the Upper East Side’s Historic District, this splendid, perfectly appointed townhouse is an ideal combination of period detail and modern convenience. Accessed directly from East 75th Street, the entrance vestibule and hall open to a large and welcoming dining room that incorporates a staircase to the upper levels. Nearby, the delightful garden room has a decorative fireplace and a pair of French doors with arched transoms leading to the garden. See floor plan and full details here.
339 East 58th Street, #PHC (Douglas Elliman)
From the Listing: This one-of-a-kind studio penthouse is perched above and overlooking the Sutton Place area. An entry foyer welcomes you to this charming space boasting prewar details and high ceilings over 10’. Through a glass paned door there is a wraparound terrace with two seating areas. Additionally there are grown potted plants and decorative lattice creating a private oasis. See floor plan and full details here.
116 West 29th Street, #3 (Brown Harris Stevens)
From the Listing: Full-floor artist loft's elevator opens in to a dramatic 37' x 25’9" room with oversized windows and 11’4" high beamed ceilings, with an open kitchen and dining room. Currently configured as a two-bedroom with one bathroom, this home can easily convert to four bedrooms and three bathrooms. Bring your architect and come see this dramatic space today! See floor plan and full details here.
463 West 21st Street, #3 (The Corcoran Group)
From the Listing: This unique and stunning home is priced to sell and on the market for the first time in 20 years. You will be awed by the sheer width of the living room - 23 feet of uninterrupted space that boasts soaring 12-foot ceilings, a cozy wood-burning fireplace, and three oversized windows that frame breathtaking views of the stained-glass windows of the Seminary across the street. The bedrooms are equally impressive, offering a tranquility and peace of mind that comes from knowing that no building will ever be constructed on the park land. See floor plan and full details here.
164 East 72nd Street, #13C (Coldwell Banker Warburg)
From the Listing: Located on a high floor, this spacious 2-bedroom, 2-bathroom residence exudes timeless charm and modern comforts. With abundant natural light, open city views to the south, a wood-burning fireplace, and building amenities, this is a rare opportunity to own a piece of Manhattan history. The renovated kitchen has stainless steel appliances, including a Viking range, Sub-Zero refrigerator, dishwasher, and microwave. See floor plan and full details here.
The Huntington, #2 (The Corcoran Group)
From the Listing: Enter this prewar duplex home from the lobby and prepare to be wowed by 9’ ceilings, exposed brick, lofty doorways, custom French pocket doors, a new washer-dryer, and a total of, yes, 7 rooms. It has two parlors and a separate dining room attached to the kitchen. Two smaller, quiet bedrooms sit at the end of a 28’ gallery on the upper level. See floor plan and full details here.
222 East Broadway, #9B (Cantor & Pecorella)
From the Listing: 222 East Broadway is a ground-up 28-story luxury tower and renovated 11-story loft building on the corner of East Broadway and Clinton Street. The building’s interiors were designed by Paris Forino with modern design and timeless details. The kitchen is equipped with custom Italian cabinetry, marble countertops and Miele, Sub-Zero and Bosch appliances, and the primary baths feature marble floors and custom glaze ceramic tile as well as Waterwork bath fixtures. See floor plan and full details here.
Would you like to tour any of these properties?
Just complete the info below.
Or call us at (212) 755-5544
Would you like to tour any of these properties?
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