2024 marks a new year, and with it, the potential for former President Donald Trump to run for office again. However, recent legal troubles have cast a shadow over his business ventures in New York. Accused of inflating the value of his assets, Trump faces potential penalties of up to $370 million and the revocation of his New York licenses, making it nearly impossible for him to run his real estate business.
While one would expect becoming POTUS would bolster one's private business and personal brand, it has done anything but for Trump in New York.
His controversial presidency and ensuing legal turmoil have severely impacted condo owners in Trump-managed buildings. Since 2016, apartments in these properties have sold for nearly 20% less on a price-per-square-foot basis. Trump condos, once synonymous with luxury, now sell below the Manhattan condo average price/ft². His most iconic buildings on the skyline, like Trump Tower and Trump World Tower are seeing apartments sell below 2009 averages, and this is without accounting for inflation.
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Despite these challenges, a Manhattan apartment is valuable regardless of whose name is on it, and for those undeterred by Trump's name, there are attractive deals available in his ten buildings. A new and notable example is a high-floor, four-bedroom duplex in Trump Tower, originally listed for $15 million in 2009, sold for $11.5 million in 2010, and is now back on the market for $8.25 million—a 28% loss in value if sold at ask.
While some Trump buildings and units may need updates, they still maintain a reputation for excellent staff and services. Notably, Trump-managed buildings that have rebranded, like One Central Park West and 220 Riverside Boulevard, have fared relatively better in terms of maintaining their value.
Featuring several listings in Trump buildings, the following is a roundup of new listings offering coveted views of Central Park.
Featuring several listings in Trump buildings, the following is a roundup of new listings offering coveted views of Central Park.
The Olmsted, #12G (Douglas Elliman Real Estate)
1199 Park Avenue, #17B (Berkshire Hathaway HomeServices New York Properties)
The Wellesley, #17E (Douglas Elliman Real Estate)
One Central Park West, #306
$1,249,000 (-3.6%)
Central Park West | Condominium | 1 Bedroom, 2 Baths | 943 ft2
One Central Park West, #306 (Brown Harris Stevens Residential Sales LLC)
Sheffield 57, #31M (Douglas Elliman Real Estate)
The Warner, #3B (Compass)
Plaza Tower, #29C (Douglas Elliman Real Estate)
J.W. Marriott Essex House, #3410 (CitiSuites International Realty LLC)
7 West 96th Street, #11C (Christies International Real Estate Group LLC)
Central Park Place, #33B (La Seven Inc)
Twelve Seventy Fifth Avenue, #2T
$1,950,000
East Harlem | Cooperative | 3 Bedrooms, 2 Baths | 1,265 ft2
Twelve Seventy Fifth Avenue, #2T (Brown Harris Stevens Residential Sales LLC)
860 Fifth Avenue, #4H
$1,950,000 (-17%)
Park/Fifth Ave. to 79th St. | Cooperative | 2 Bedrooms, 3 Baths
860 Fifth Avenue, #4H (Coldwell Banker Warburg)
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80 Central Park West, #18A (Brown Harris Stevens Residential Sales LLC)
825 Fifth Avenue, #9A
$2,050,000 (-5.7%)
Park/Fifth Ave. to 79th St. | Cooperative | 1 Bedroom, 2 Baths
825 Fifth Avenue, #9A (Brown Harris Stevens Residential Sales LLC)
ONE11 Residences, #34L (Douglas Elliman Real Estate)
The Century, #3P (Douglas Elliman Real Estate)
Trump Tower, #45D (Douglas Elliman Real Estate)
111 Central Park North, #10B (Corcoran Group)
The Park Imperial, #62B (Corcoran Group)
65 Central Park West, #10C (Sothebys International Realty)
145 Central Park North, #12A (Nest Seekers LLC)
875 Fifth Avenue, #12B (Corcoran Group)
880 Fifth Avenue, #19B (Sothebys International Realty)
One Central Park West, #31C
$5,500,000
Central Park West | Condominium | 2 Bedrooms, 2.5 Baths | 1,591 ft2
One Central Park West, #31C (Stephen P Wald Real Estate Associates Inc)
200 East 59th Street, #26E (Douglas Elliman Real Estate)
The Oliver Cromwell, #27A
$6,400,000
Central Park West | Cooperative | 3 Bedrooms, 2.5 Baths | 1,975 ft2
The Oliver Cromwell, #27A (Corcoran Group)
J.W. Marriott Essex House, #3401
$7,495,000
Midtown West | Condominium | 2 Bedrooms, 2.5 Baths | 1,800 ft2
J.W. Marriott Essex House, #3401 (CitiSuites International Realty LLC)
Trump Tower, #4849D (Douglas Elliman Real Estate)
1020 Fifth Avenue, #12thFloor
$9,750,000
Carnegie Hill | Cooperative | 3 Bedrooms, 4 Baths | 3,500 ft2
1020 Fifth Avenue, #12thFloor (Christies International Real Estate Group LLC)
The Park Laurel, #26A
$11,500,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 2,466 ft2
The Park Laurel, #26A (Corcoran Group)
53 West 53, #49A (Douglas Elliman Real Estate)
432 Park Avenue, #37B (Douglas Elliman Real Estate)
ONE11 Residences, #PHA (Douglas Elliman Real Estate)
One Central Park, #60AG
$19,500,000
Central Park West | Condominium | 3 Bedrooms, 3.5 Baths | 3,580 ft2
One Central Park, #60AG (Brown Harris Stevens Residential Sales LLC)
One Beacon Court, #46AB (Compass)
200 Amsterdam, #41 (Serhant LLC)
111 West 57th Street, #42 (Corcoran Group)
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?