Developers Slash Trump SoHo Sales Price

NEW YORK (AP) — A flashy Manhattan condominium development was taking drastic steps to boost sluggish sales.
The 46-story Trump SoHo was offering a 25-percent discount to buyers who have signed contracts but haven’t closed on their properties.

That’s according to the Wall Street Journal, which reviewed documents connected to the deal.

A spokesman for Trump SoHo said the discounts were not automatic and were being negotiated on a case by case basis.

About a quarter of the 391 condo units in the building were under contract, but just 23-percent of those have closed.

The building has proven to be a tough sell. Owners of the units were allowed to stay in them just 120 days a year. They’re part of a hotel operation the rest of the year.

(Copyright 2010 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

One Comment

  1. joe says:

    why dont they sell donald’s trump hair. we can create another landing field for jets, his head is so big.

    1. joe says:

      look he has make up

  2. eddie says:

    I wouldn’t buy anything associated with Trump. Every thing with his name on it is rediculously overpriced…And yes, I do have the $

    1. dan says:

      I got 5 000 $$$$ can i get a condo???

      Please…..

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