Trump Soho unveils 11 new penthouses

About 100 real estate professionals filed in to the Trump Soho’s lone duplex penthouse last week, to preview the building’s 11 new-to-the-market, two-bedroom, two-and-a-half bathroom penthouses, which range from $2.5 million to $8.7 million (see photo gallery above). Cocktails and hors d’oeuvres were provided by the Quattro Gastronomia Italiana, a restaurant located inside Trump Soho. The 46-story building at 246 Spring Street, which was developed by the Sapir Organization and Bayrock Group, has 391 hotel-condo units. The units are priced from $1 million to $2.26 million, and owners have the right to use the units for up to 120 nights in a given year, with the remaining nights reserved for use in a rental management program. According to Streeteasy.com, 112 sales have been recorded at the property since 2007, and of the six sales with closing prices listed since April, all were studios ranging from the low $800,000s to the high $900,000s. TRD