John Cushman III sells Trump Tower condo for $2.6M

New York /
Nov.November 02, 2010 03:00 PM
John Cushman and 721 Fifth Avenue (building photo: PropertyShark)

John Cushman III, co-chairman of global real estate company Cushman & Wakefield, sold his 1,092-square-foot condominium at Trump Tower at 721 Fifth Avenue in Midtown for $2.62 million.

Cushman, along with his wife Jeanine and the Cushman Family Trust, all based in Los Angeles, were listed as the sellers of the condo, on the 51st floor of the 68-story tower between 56th and 57th streets.

The sale to Hillel Nahmad, a member of a prominent art dealer family, went into contract in July and closed Oct. 6, city property records published yesterday show.

It was Nahmad’s fourth purchase on the floor since 1999. With his three neighboring units he now owns 5,863 square feet on the floor, which has two additional apartments, public records reveal.

In April this year, the Cushmans sold their four-bedroom, 5,000-square-foot Los Angeles-area home for $3.25 million, in order to move to a luxury condo in Pasadena, reports indicated.

Cushman was not immediately available for comment.

Cushman began working for his grandfather’s firm in 1963. He left after Rockefeller Center bought the brokerage in 1975, and in 1978 he formed a competing firm called Cushman Realty. He returned to Cushman & Wakefield after the firms merged in 2001 and took the title of chairman of the board. He and former CEO Bruce Mosler now share the position of co-chairman.

 

Related Articles

arrow_forward_ios
From left: Cushman & Wakefield’s Doug Harmon and Adam Spies; American Express CEO Stephen Squeri; and 200 Vesey Street (Getty Images, Cushman & Wakefield, Brookfield Properties, Manhattan College)
American Express to explore headquarters sale, move
American Express to explore headquarters sale, move
(Photo Illustration by The Real Deal with Getty Images)
US retail real estate rises from the ashes
US retail real estate rises from the ashes
Len Texter (Cushman & Wakefield)
Senior Cushman executive to depart
Senior Cushman executive to depart
(Photo Illustration by The Real Deal with Getty Images)
U.S. property value to fall 20% in likely recession, Cushman forecasts
U.S. property value to fall 20% in likely recession, Cushman forecasts
From left: Letitia James, Donald Trump and Brett White (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images)
Cushman delivers 36K documents to AG in Trump probe
Cushman delivers 36K documents to AG in Trump probe
A photo illustration of 450 Park Avenue (left) and 8 Spruce Street (right) (Douglas Elliman, Reading Tom, CC BY 2.0 - via Wikimedia Commons, Getty Images)
CRE investment sales hit $21B in first half of 2022: report
CRE investment sales hit $21B in first half of 2022: report
Mitti Liebersohn and Arthur Mirante
Mirante, Liebersohn jump to Savills from Avison Young
Mirante, Liebersohn jump to Savills from Avison Young
From left: Letitia James, C&W's Brett White, and Donald Trump
Cushman & Wakefield squirms out of Trump sanctions
Cushman & Wakefield squirms out of Trump sanctions
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...