![]() ![]() By May 2017, the price was reduced to $4 million. It hit the market right after Trump’s inauguration in February 2017 for $4.25 million, or $2,935 per square foot. This two-bedroom, 1,500-square foot unit in Trump Tower was purchased by its current owner in 2006 for $2.3 million. This month, the unit shed yet another $2.5 million - representing a $4.3 million loss from its original purchase price six years ago. In January 2019, the price underwent a dramatic 30% cut, to $12.5 million. It then popped back on the market in February 2018 for a rather ambitious $18 million. This three-bedroom condo sold to its current owner in September 2013 for $14.3 million, or $5,699 per square foot. ![]() Let’s survey the pricing carnage: Unit 61L While these eight units are a small sample size, some of them have been on the market for years, and many of them have undergone a number of price reductions in the effort to find an elusive buyer. And we didn’t even count the $3.66 million unit on the market recently seized from convicted former Trump campaign chairman Paul Manafort. We dove into the listings and found eight properties up for sale right now in the 58-story building. Polarizing politics and an around-the-clock phalanx of security ringing the property have put a damper on the desirability of a Trump Tower address on Fifth Avenue. For comparison, Bloomberg’s accounting showed that for all of Manhattan, only 0.23% of homes have sold for a loss over the past two years. Recent reporting from Bloomberg shows that since President Donald Trump took office, most of the units in Trump Tower have sold at a loss - several for a loss of more than 20%. Trump Tower may be the only losing real estate bet in New York City. almost didn't buy this mansion because it didn't have a gun room Paul Manafort's forfeited Trump Tower condo is now on the marketĪnthony Scaramucci nabs Long Island home for $3.05Mĭonald Trump Jr. ![]()
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