Developers Slash Trump SoHo Sales Price

Sunday, Aug 29, 2010  |  Updated 9:46 AM EDT
View Comments (
)
|
Email
|
Print
Developers Slash Trump SoHo Sales Price

Trump Soho

advertisement

A flashy Manhattan condominium development is taking drastic steps to boost sluggish sales.

The 46-story Trump SoHo is 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 are under contract, but just 23 percent of those have closed.

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

Get the latest headlines sent to your inbox!
View Comments (
)
|
Email
|
Print
Leave Comments
What's New
Follow us on Instagram!
We post photos taken by our news... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out