Trump Tower sees fourth sale of the year

Corner apartment sold for $4.4M

Dec.December 18, 2018 12:30 PM

Trump Tower at 721 5th Avenue (Credit: Getty Images)

A corner apartment at Trump Tower just sold for $4.4 million, marking the fourth sale in what’s been a sluggish year for the building.

The 49th floor apartment appears to have been owned by Nicholas Notias, a Greek businessman who owns the shipping company, Seabridge Chartering, according to documents filed with the city Department of Finance on Monday. The roughly 1,900-square-foot unit was initially listed by Keller Williams for $7.75 million in February 2017 but has since undergone a few price cuts, according to StreetEasy. The apartment at 721 Fifth Avenue was most recently listed for just under $5 million.

The last sale in the Fifth Avenue building was a 59th floor unit, which sold for $2.7 million last month. According to the Wall Street Journal, there were seven sales in the tower last year and eight in 2016. While the sales pace in the building is part of a larger softening in the city’s luxury residential market, the tower’s association with President Trump might also be a contributing factor.

Representatives at the Trump Organization did not immediately respond to a request seeking comment.

According to StreetEasy, there are 17 active listings at Trump Tower, one of which is in contract.

Related Articles

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone