Australian tech millionaire lists $23M condo at Trump International

It’s the most expensive listing currently available at the building

New York /
Apr.April 17, 2019 12:00 PM
Startive Ventures founder Simon Clausen and his condo at 1 Central Park West (Credit: LinkedIn)

Startive Ventures founder Simon Clausen and his condo at 1 Central Park West (Credit: LinkedIn)

Another seller is looking to offload Trump-branded property.Simon Clausen, a tech millionaire and one of Australia’s richest men, has listed his condo at Trump International Hotel and Tower for $22.9 million.

The four bedroom, four-and-a-half bathroom pad at 1 Central Park West is on the market for around $5,200 per square foot. It has an 80-foot long gallery hallway, views over Central Park from the living room, dining room and master bedroom, and a full chef’s kitchen.

Douglas Russell of Brown Harris Stevens has the listing.

Clausen bought the apartment for $13.1 million in 2009. The following year Australian newspaper the Daily Telegraph dubbed him “Australia’s newest property tycoon” after he spent around $40 million dollars on 15 properties in the Sydney Harborside that he planned to turn into luxury rentals.

The Australian tech tycoon made his fortune during the dot-com bubble with his software company WinGuides, which became PC Tools. In 2008, PC Tools was acquired by Symantec for over $270 million. Clausen now runs Startive Ventures, a technology startup investment firm.

He first listed his Trump International apartment for sale for $26.5 million in 2016, according to StreetEasy. The current price represents a discount of almost 14 percent from that original listing.

Clausen’s listing is the most expensive currently available in the building, and will have to compete with other active sales. An apartment with the same square footage on the 42nd floor of the luxury tower is currently listed at $18.9 million.

Last year, Japanese real estate billionaire Katsumi Tada sold his 6,360 square feet apartment at the building for $25 million, down from the $26 million he paid for it in 2008. He initially listed the apartment for $40 million but cut the price multiple times.

In October, it was revealed that investors at Trump hotels in New York and Chicago were facing losses. Between 2015 and 2017, revenue at the Trump International Hotel and Tower in New York fell from $34.4 million to $30.9 million — a 14 percent decline after adjusting for inflation, the Washington Post reported.


Related Articles

arrow_forward_ios
R-L: Willow's Kevin Danehy, Era Ventures' Clelia Warburg Peters, Fifth Wall's Brad Greiwe and The Real Deal's Hiten Samtani (Photo by Paul Dilakian)
Real estate tech is coming for your business
Real estate tech is coming for your business
A photo illustration of a crystal ball predicting future home prices (iStock)
Home sales, building to slow: Fannie Mae
Home sales, building to slow: Fannie Mae
New York skyline
Rising interest rates will dampen city’s investment sales market this year
Rising interest rates will dampen city’s investment sales market this year
L-R: Douglas Elliman CEO Scott Durkin, Serhant CEO Ryan Serhant, Brown Harris Stevens CEO Bess Freedman, The Real Deal's Hiten Samtani (Photos by Paul Dilakian)
Top resi execs talk brand building, tech and politics at TRD NYC event
Top resi execs talk brand building, tech and politics at TRD NYC event
Southampton Village mayor Jesse Warren (Getty Images, iStock, Illustration by Kevin Cifuentes for The Real Deal)
Southampton Village allows owners to collect summer’s rent upfront
Southampton Village allows owners to collect summer’s rent upfront
Zillow economist Nicole Bichaud (Zillow, iStock)
Where have home values grown more, suburbs or cities? The answer may surprise you
Where have home values grown more, suburbs or cities? The answer may surprise you
Clockwise from top left: Eric and Bridget Elkin, Diane Mollica, Liz and Lisa Gillooly and Sarah Frigo (Compass)
Compass aims to grow its North Fork agent count fivefold
Compass aims to grow its North Fork agent count fivefold
Related CEO Jeff Blau and 455 Tenth Avenue (Chris Martin, Google Maps, iStock)
Related launches lodging for executives’ hybrid work
Related launches lodging for executives’ hybrid work
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...