All buyers looking at White Plains NY condos for sale know about Trump Tower. Among White Plains NY condos, the Trump Tower complex is at the highest end of the luxury scale. Located in the heart of downtown White Plains NY – Trump Tower White Plains (10 City Place) is right in the center of everything in the heart of the downtown area of White Plains NY. Located steps from City Center and a block from the Ritz Carlton, you can’t be any closer to the action if you tried. You can easily leave the car behind and walk to shopping, fine dining, entertainment and the train. With the likes of New York transplants such as BLT Steakhouse and Level 42 at the Ritz Carlton just a short stroll away, the lifestyle at the Broadlawn has a distinctly urban upscale feel. The White Plains Performing Arts Center is also just a short walk away. As for shopping the Westchester mall as well as the City Center mall along with major supermarkets including Whole Foods are all a comfortable walk away.
Trump Tower itself has all the amenities that one comes to expect from a condominum complex bearing that name. Amenities include 24-hour Concierge Service, valet parking, indoor pool with sauna and hot tub. There is a roof deck with an out door pool, play area for children barbeque facilities, tennis, and so much more. There is also a business center, billiard room and lounge. When you buy a residence at Trump White Plains, you are buying a lifestyle as well as a home. The units themselves are luxuriously appointed with granite kitchens with high-end cabinets and top-of-the-line stainless steel appliances. The living areas feature hardwood floors. Master suites include spa-like bathrooms. Oversized windows create a vista that is hard to beat. The views are spectacular, particularly from the upper levels which include the Long Island Sound, the Westchester countryside or the Manhattan skyline.
Trump Tower – White Plains – Sales History – 2011-2015…
Like all real estate in the New York metropolitan area, Trump Tower was impacted by the financial crisis of 2008. The low point was in 2011 when prices were nearly 20% off their highs of 2006. However, after 2011, the market started posting gains. And if the statistics hold for the remainder of 2015, Trump Tower will have completely recovered the losses posted since 2006.
The charts below show the recovery pattern as well as a steady demand from buyers. Currently (mid 2015) there are five units on the market with one under contract. The price range for those on market runs from $685k – $910k. There have been 12 sales of far this year ranging in price from $557.5k for a 1 BR unit to $1,090k for a 2 BR penthouse.
For those looking to sell their condominiums, demand is high. There is currently about four months of inventory on the market putting Trump Tower firmly into sellers market territory.
No one possesses a crystal ball. However, there seems to be no end in sight for the growing demand for luxury condominiums in the foreseeable future. Certainly, given the demand coming from New York City and home owners who are downsizing from single family homes will keep demand strong. Price gains have been healthy but have not entered bubble territory. Further, there has been little new construction since the beginning of the crisis, creating shortages in the condominium market that should keep prices moving upwards.
Walkable neighborhood is rated a “Walkers Paradise”…
The Trump Tower address at 10 City Place was rated as a “walkers paradise” given a score of 98 on a scale of 1-100. Make no mistake, Trump is at the center of everything. The buyer of White Plains NY condos would be hard-pressed to find a better location in all of Westchester county. The walk score tile below shows how vibrant the immediate area surrounding the complex truly is.
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