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Trump Hotel tops Manhattan luxury contracts

Former president’s building snagged deal for unit asking $27.5M

Trump Hotel Condo Tops Manhattan Luxury Contracts
Sotheby’s Serena Boardman, Official’s Tal Alexander and Former president Donald Trump with 110 East 70th Street and 1 Central Park West (Getty, The Alexander Team, Google Maps)

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. 

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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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EllimanOlshan Realty