Business magnate and TV personality Donald Trump is currently leading the pack of Republican presidential candidates by 20 points over his closest rival, confounding the party's establishment and most of liberal America. (Some rattled Brooklynites even smashed a couple of money-stuffed Trump pinatas in McCarren Park Tuesday night.)
But the Donald is no stranger to blowing competitors out of the water in the condominium business, with apartments in his 11 towers selling for 31 percent more on average than other Manhattan condos since 2005, according to data gathered by the real estate consultant CityRealty.
This year, Trump condos in Manhattan have sold for an average of $3 million, 25 percent more than the $2.4 million average of other condos in the borough and 36.4 percent more than the average sale price of Trump condos in 2014, according to CityRealty data.
Earlier this year, Trump sold one of the two penthouses he owned at the Trump Park Avenue — an apartment with five bedrooms and seven and half baths — for $21.4 million.
In the past, Trump's hints at his ambition to run for office would appear to have had no impact or a negative impact on the price of his real estate. When Trump flirted with a presidential bid in 2010, the average sale price of his condos dipped by a mere $100,000 or 3.7 percent compared to the year before. And when Trump said he was prepared to run for governor of New York in January 2014, the average sale price of his condos dropped by 24.1 percent from the previous year's average, sinking below average sale price of Manhattan condos.
Trump's gambling business, Trump Entertainment Resorts Inc., hasn't been as successful as his real estate ventures, filing for bankruptcy multiple times.
