The Real Deal New York

Trump Parc condo owners owe over $100K in unpaid bills

Two property checks bounced for payments at the 21st-floor apartment
August 22, 2018 08:30AM

106 Central Park South (Credit: PlusPNG)

The owners of a marble-lined luxury condominium in Trump Parc have racked up a property tax bill exceeding $100,000.

The sprawling home, a 10 bedroom fit-out on the 21st floor of the 37-story building at 106 Central Park South with a separate apartment that was converted into a gym, was bought in 2013 for $14.25 million, according to the New York Post.

The owners, reported to be an unnamed couple from Australia, refinanced the unit with a Citibank loan in December 2016, to add $4.56 million to its existing $13.65 million mortgage.

The following month, two property tax checks sent to the city bounced, one valued at $99,362 for the main residence and another $6,387 for the gym space, according to the reports.

In addition to the outstanding balance, the units owe $34,034 for common charges and fees to the condominium board that date to February.

The building was among a portfolio of Trump-branded buildings that were included in the financial statements of President Trump as generating between $1 to $5 million in revenue. The president’s son, Eric Trump, combined three apartments within a nearby building. Financial statements show he paid just $350,000 for one of the apartments in Spring 2016, about half of its listed price. [NYP] — David Jeans