Japanese billionaire unloads Trump Tower apartment for $25M

Katsumi Tada sold unit at a slight loss after almost two years on the market

TRD NEW YORK /
Mar.March 20, 2018 05:30 PM

1 Central Park West, 47BC (Credit: Douglas Elliman)

Katsumi Tada, a Japanese billionaire, has sold his Trump International Hotel and Tower apartment for $25 million.

The apartment was on the market for almost two years, and Tada sold it at a slight loss, having paid $26 million for it in 2008, according to the Wall Street Journal. He initially listed the unit in May 2016 for $40 million but cut the price multiple times.

The six-bedroom, six-bathroom unit spans about 6,360 square feet and has a marble-floored foyer and gold-leaf gilded doors. It overlooks Columbus Circle and the south end of Central Park.

Tada is the head of Daisho Development, a Tokyo-based company that owns and develops office buildings in Japan, Singapore and Australia. He is worth $2.1 billion, according to Forbes. [WSJ]Eddie Small


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