Housing

Trump Tower, Built for $200 Million in 1983, Has Plenty of Apartments for Sale

Gage Skidmore / Wikimedia Commons

How hard is it to buy an apartment in Trump Tower, the president-elect’s New York City residence and home base of his empire? Built in 1983 for $200 million, many of its apartments have spectacular views of the city and Central Park. It is not hard to get one, for people who can spend over $2 million and brave massive unruly crowds.

According to City Realty, there are 11 apartments for sale in Trump Tower, at price ranges between $2.1 million for a one-bedroom, 1.5-bathroom 1,052 sq. ft. on the 31st floor to one for $11 million. The $11 million buys a two-bedroom, 2.5-bathroom in 2,200 on the 58th floor.

The City Realty description of the building:

The Trump Tower at 721 Fifth Avenue is a glass tower located between 56th and 57th Streets.

Developed by Donald Trump, 721 Fifth Avenue sports a distinctive design that creates many corner windows with breathtaking views. Residential condominiums are located on the highest 38 floors of this 58-story tower and include nine duplex and triplex penthouses on the top nine floors. Many of the Trump Tower apartments have been renovated and feature marble bathrooms, Jacuzzi bathtubs, wood and stone floors, custom kitchen cabinets, state-of-the-art appliances, numerous walk-in closets and washer and dryers. The building’s spacious condos also offer panoramic views of the New York City skyline, Central Park and the rivers.

Amenities include a full-time doorman, valet, a fitness room, maid service and a common storage room.

Such retailers as Bergdorf Goodman and Tiffany’s are nearby, as are well-known restaurants. Central Park and the Plaza Hotel are two blocks away and the area is convenient to most public transportation.

The apartments (notice price reductions):

Residence          Beds          Baths          Size          Price          Price/Ft2          Listed         
+ 1 bd 1.5 ba 1,052 ft2 $2.1M $1,996 Oct 25, 2016
+ 3 bd 3.5 ba 2,714 ft2 $8.5M $3,132 Oct 24, 2016
+ 2 bd 2 ba 1,477 ft2 $4.5M $3,047 Oct 20, 2016
+ 1 bd 1.5 ba $3M Apr 11, 2016
+ 1 bd 1.5 ba $3.4M Apr 11, 2016
+ 1 bd 1.5 ba 1,139 ft2 $3.195M (-8.7%) $2,805 Mar 28, 2016
+ 1 bd 1.5 ba 1,092 ft2 $2.997M (-7.8%) $2,745 Mar 19, 2016
+ 1 bd 1.5 ba 1,092 ft2 $2.997M (-7.8%) $2,745 Mar 19, 2016
+ 2 bd 2.5 ba 2,250 ft2 $11M $4,889 Mar 11, 2016
+ 1 bd 1.5 ba 1,052 ft2 $2.195M (-26.8%) $2,087 Jan 21, 2016
+ 2 bd 2.5 ba 2,184 ft2 $5.995M (-13.1%) $2,745 Aug 19, 201

Essential Tips for Investing: Sponsored

A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.