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Trump Hotel tops Manhattan luxury contracts
Former president’s building snagged deal for unit asking $27.5M
The Trump name made news across Manhattan last week, with a criminal trial downtown and the borough’s most expensive contract uptown.
Unit 47BC at Trump International Hotel & Tower snagged a deal after asking $27.5 million, according to Olshan Realty’s weekly report of homes in the borough asking at least $4 million. The home at 1 Central Park West has been on and off the market since September 2022, when it initially listed for $39 million.
The 6,300-square-foot home has five bedrooms, six bathrooms and two powder rooms. It also has a primary bedroom, living room and library that overlook Central Park. The seller bought it for $25 million in 2018 and undertook extensive renovations.
Amenities include a 55-foot indoor pool and Jean-Georges, a restaurant with two Michelin stars by the celebrity chef of the same name. Monthly common charges and real estate taxes amount to $26,800.
Official’s Tal Alexander had the listing.
The second most expensive home to enter contract last week was the townhouse at 110 East 70th Street, with an asking price of $25 million.
Initially listed in 2022 for $32 million, the six-story house is 20 feet wide. The home last sold in 2012 for $10 million before undergoing a multi-year renovation by architect Steven Harris.
The seven-bedroom, seven-bathroom home has an elevator and a pool in the basement. Annual real estate taxes are nearly $133,000.
Sotheby’s Serena Boardman had the listing.
Of the 29 contracts signed last week, 14 were sponsor units.
Twenty-one condos went into contract, along with five townhouses and three co-ops. The homes’ combined asking price was $263.6 million, which works out to an average of $9 million and a median of $6.4 million. The typical home spent 695 days on the market and received a 12 percent discount.
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