The Upper East Side townhouse once owned by Ivana Trump has been sold for $14 million, significantly below its original asking price of $26.5 million. The six-story property at 10 East 64th Street, near Fifth Avenue, is nearly 9,000 square feet and was known for its distinctive interior design and high-profile former owner.
Despite its location and history, the property struggled to attract buyers at its initial price point. Built in 1879 and redesigned after Ivana Trump purchased it in the early 1990s, the home featured gold fabric walls, animal prints, and crystal chandeliers—an aesthetic that fell out of favor with current buyers who tend to prefer either restored historic homes or newly renovated properties.
Buyers likely anticipated a full renovation costing several million dollars when considering the purchase. The final sale price of approximately $1,600 per square foot is lower than many renovated townhouses in the area, which can sell for more than $3,000 per square foot. This reflects both the need for modernization and a limited pool of buyers willing to take on such projects.
The sale follows a pattern seen with other high-profile properties in Manhattan. Financier Ron Perelman’s Upper East Side mansion recently sold for $47 million after being listed at $60 million. These transactions indicate that while well-known addresses continue to draw attention, market conditions now require pricing that aligns more closely with property condition rather than celebrity ownership.
In other New York real estate news this week:
Prosecutors concluded their case against Oren, Alon, and Tal Alexander in a sex trafficking trial by presenting blog posts and messages dating back to 2008. The government dropped two charges against each brother but left ten counts that carry minimum sentences of 10 to 15 years if convicted. Nearly twelve women testified about alleged assaults or rape by one or more brothers; some said they believed they were drugged as well. The Alexanders have pleaded not guilty.
Walker & Dunlop announced it uncovered $134 million in fraud across three Freddie Mac loan portfolios involving three borrowers during an internal investigation. Although no employees were implicated in committing fraud directly, failures by a banking team led to their departure from the company—including former senior managing director Jared Sobel. Walker & Dunlop plans to shift from holding troubled loans to selling them or their underlying properties.
SL Green Realty Corp promoted Harrison Sitomer from head of investments to president. Sitomer joined SL Green as an intern in 2011 and has since overseen major acquisitions including 245 Park Avenue and helped build a significant debt fund for the company. He will now oversee planned asset sales totaling $2.5 billion as well as expansion of the asset management business.
Aurora Capital Associates and AVRS Partners are set to acquire the Scribner Building at 597 Fifth Avenue after winning a foreclosure auction previously held by Thor Equities’ Joe Sitt following default on a $105 million loan. The building was recently appraised at less than two-thirds what Sitt paid over a decade ago.
Documents show Jeffrey Epstein secured favorable investment terms in AdvanceStar’s NoMad condominium project at 21 East 26th Street through developer David Mitchell. After investing $920,000 as both an entity investor and limited partner, Epstein reportedly earned higher returns than experienced executives like Howard Lorber of Douglas Elliman’s New Valley firm.
“We would trip over ourselves to do that [deal],” said one New York City developer who reviewed the financial projections.
