The Real Deal New York

Trump Parc condo hits market for $29.5M

Unit asks double the last sales price
By Angela Hunt | January 16, 2014 09:05AM

The largest condominium in Trump Parc in Midtown has hit the market asking $29.5 million — nearly double its last selling price.

Alon Chadad and David Tobon of Blu Realty Group have the listing for unit 21A at 106 Central Park South, according to StreetEasy. The 6,160-square-foot, five-bedroom, eight-bath home comes with an adjacent studio apartment.

The last buyer — a trustee identified by city records only as 106 Central Park South Pty Ltd. — purchased the condo for $14.25 million last year, just shy of the $16 million asking price. The trustee plunked down another $700,000 for the studio.

Chadad declined to comment on the identity of the latest owner. However, he said the nearly $30 million price is justified. “Next door at the Ritz a unit sold for $70 million last year,” Chadad told The Real Deal.  “It’s the market in New York City.”

Indeed, in addition to the Ritz-Carlton apartment that sold for $70 million in 2012, the penthouse at the Ritz, which is at 50 Central Park South, is now on the market for $95 million. That’s more than any other condo has ever asked (or sold for) at the Ritz.

However, it appears that 21A is the priciest condo ever sold at Trump Parc, according to PropertyShark. The site lists the next-highest sale as the three-bedroom penthouse on the top floor for $7.1 million, brokered by Rocio Docal Neumann of Douglas Elliman five months ago. Nuemann could not be reached for comment.

The 38-story building, Once The Barbizon Plaza Hotel and part of a three-tower complex owned by Donald Trump, was built in 1930 and redone in 1986 by Hawaii-based developer Wacore. A representative for the Trump Organization was not immediately available for comment. The condo has two fireplaces, 10-and-a-half foot ceilings, a 70-foot Thassos marble gallery, and direct views of Central Park.

The space was originally sold by a Hawaii-based developer, Wacore, in 2000 for $2.3 million, nearly 13 times less than the current asking price, according to StreetEasy.