The Real Deal New York

Ilan Bracha takes two years to sell his own Trump Place abode

Top KWNYC broker bought a more expensive apartment last year

August 13, 2013 01:00PM
By Hayley Kaplan

  • Print
Trump Place interiors and Mati and Ilan Bracha

Trump Place interiors and Mati and Ilan Bracha

Even top brokers have trouble selling their homes. After more than two years on the market, Ilan Bracha, a founder of Keller Williams NYC and head of an eponymous top-grossing team, has finally unloaded his Trump Place apartment for $2.39 million — about $300,000 less than his initial asking price, city property records show.

Bracha listed the two-bedroom, two-bathroom, 1,425-square-foot condominium, at 220 Riverside Boulevard between West 70th and West 71st streets, in February 2011 for $2.69 million. He lowered the price this past February to a hair under $2.5 million. Bracha did not immediately respond to requests for comment.

The apartment includes a marble bathroom, dining alcove and river views. The Upper West Side Trump building is complete with a health club, pool, sauna, fitness classes, playroom, garage and valet services.

Bracha purchased the unit for $1.37 million in 2004. The buyers are Ariel and Okcha Quiros of Key Biscayne, Fla., records show. The sale closed on July 18 after going into contract on May 7.

In the second quarter of this year, the average Manhattan apartment was on the market 178 days, according to a Douglas Elliman report. And, the average luxury Manhattan apartment was listed for 184 days, the report shows.

Meanwhile, Bracha and his wife, Mati, an artist, purchased a four-bedroom, 3,056-square-foot penthouse at Extell Development’s the Rushmore at 80 Riverside Boulevard for $5.2 million in March 2012, The Real Deal previously reported. That apartment, which was asking $6.8 million, was purchased directly from the Corcoran Group’s sales office at the building.

MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News