Real Estate
Trump Tower Has Rental Bargains, If You Can Get Past Security
- Building contends with Manhattan apartment glut, added hassles
- Sixteen apartments available last month; seven had price cuts
Trump Tower in New York.
Photographer: Mark Reinstein/Getty ImagesAt $5,250 a month, a one-bedroom apartment at Manhattan’s Trump Tower comes with a lot of extras: a month of free rent, beefed-up security in the lobby and the ability to say you share a home address with the U.S. president.
It’s the cheapest entry point into the Midtown skyscraper that President Donald Trump built more than three decades ago and made the crown jewel of his real estate portfolio. But the unit at Trump Tower is facing the same challenges as the rest of New York’s luxury-apartment market, and the asking rent has been cut 30 percent since it was first listed in June.