Trump apartments lose in price of elite housing Manhattan

The cost of apartments Trump Organization in new York significantly lower than in the neighbouring luxury skyscrapers.

So, housing in the Trump International Hotel and Trump Tower, the most expensive residential complex of the President of the United States, experts estimate only $3 thousand / sq ft. Whereas close to 15 Central Park West, square foot costs 7 thousand.

According to Marketwatch, in 2017 the average price per square meter of housing in 11 buildings in Manhattan trump was $1740, which is certainly below the average level for real estate in Central new York. «In recent years, prices in most of the buildings trump has decreased,» — said CityRealty.

Some analysts connect falling of the prices for apartments in skyscrapers trump with his political career. Other reasons for the depreciation of the housing you see in the age of the buildings: they were built before the 2008 crisis. Hardly «old-timers» can compete with younger «brothers», according to realtors. In addition, the new apartment has a modern musthave — from port-cochere to private hammams, what can hardly boast of housing, even luxury, 10 years ago.

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