White Plains CitizeNetReporter - Still Time to Own A Piece of the Trump. 33 Trump Condos Come Back on Market.

WPCNR MAIN STREET JOURNAL. By John F. Bailey. September 29, 2005: Want to live in the lap of luxury with spectacular views of Long Island Sound, New York City and the Catskills in the heart of White Plains, tranquilized in the comforting ambience of the Trump lifestyle, but did not buy when you had the chance?

Well, here is your chance to ascend to The Pantheon of condominium sublimium, the high panache of the pampered patrician, to once again own a piece of the Trump, as owners about to close on 34 units have placed their Trump Tower condominiums on the market -- a virtual White Plains Trump Exchange as real estate speculators attempt to resell their condos at a profit.

The local realtors have never seen anything like it. Within the last two days, by WPCNR count, 33 Trump Tower condominium units have been offered on the multiple listings of local realtors, and one in the The Lofts at City Center up for sale.

A One Bedroom on the 20th floor. Photo by WPCNR News.

The Trump Tower at City Center opened last week, received its first tenants Monday. As of Wednesday morning, 34 of its 211 units were being offered on the multiple listings by their individual owners, or owners to be, as closings begin this week and throughout November.

A Furnished Trump Tower Penthouse on the 20th Floor. Photo by WPCNR News.

Of the listings WPCNR has acquired, there are 4 units offered from $749,000 to $800,000; 16 units offered from the $815,000 to $989,000 range; and 13 units priced from $1, 050,000 to $1,900,000. One Lofts at City Center unit is available for $610,000.

The North View of the 20th Floor Model Apartment. Photo by WPCNR News

Realtors commenting the matter are of the opinion that these units were bought as an investment, and that the owners are attempting to sell the units they are about to own for a profit, attempting to cover their investment. The sale works like this, the seller takes the position of “contract vendee,” where they agree to sell you their condominium at a certain price once they purchase it. Purchasers of Trump Tower condominiums were required to place a 10% of the purchase price, nonrefundable deposit.

Turning to your left, the convenient range and cooking area. The ultimate bachelor pad. Photo by WPCNR News.

One realtor commented that one unit on the first third of the Tower they know has been resold for a profit of over $100,000. The source told WPCNR that the majority of the 34 units have come on the market within the last week.

A Living Room of a 34th Floor Penthouse. Photo by WPCNR News.

According to the Trump Tower news release closings on the units in Trump Tower at City Center began this week, and will continue through November.

WPCNR is awaiting comment on the phenomena from the The Marketing Directors, the sales managers for Trump Tower at City Center as to the impact these offerings will have on White Plains condominium market.

The WPCNR Roving Reporter views Trump Tower