Trump Tower sees fourth sale of the year

Corner apartment sold for $4.4M

TRD New York /
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

arrow_forward_ios
From left: 1 West End Avenue, 161 West 13th Street and 66 Ninth Avenue (Credit: StreetEasy and Wikipedia)

Porter House penthouse among NYC’s 5 priciest homes to hit the market last week

15 East 90th Street (Credit: Google Maps)

Lonely townhouse finds a match after years on market

From left: renderings of 1 Propect Park West, 85 Jay Street and 98 Front Street in Brooklyn (Credit: StreetEasy)

The priciest Brooklyn condo filings of 2019

60 East 93rd Street and Carlton Hobbs (Credit: Google Maps and Getty Images)

Why a $68M townhouse listing was abruptly pulled off the market

Zillow President Jeremy Wacksman

Zillow launches its high-stakes home-flipping business in LA

From left: the Ritz-Carlton, 32 East 1st Street, 560 West 24th Street, 301 East 80th Street and 32 West 85th Street

Five priciest homes new to market include 1897 townhouse

Ed Gilligan and 3 East 94th Street (Credit: Getty Images, Compass)

Don’t leave home without $21M: Amex exec’s widow sells townhouse

Trump Tower at 725 5th Avenue and Donald Trump (Credit: Getty Images)

Trump Tower occupancy rates depended on who asked

arrow_forward_ios