Billionaire Katsumi Tada Offloads Trump Tower Condo at a Loss, Taking $25M After $40M Original Ask

Published: March 22, 2018 | By: American Luxury Staff

Real-estate magnate and billionaire Katsumi Tada took a loss in accepting an offer of $25 million for his multi-unit residence at Trump Tower; the asking price had been $40 million, and he’d paid over $26 million for the properties that comprise the apartment about ten years ago.

All told, there are six bedrooms and six baths across the heavily stylized 47th-floor combined unit, and a little more than 6,350 square feet of interior living space in total. The larger of the original units spans just over 4,400 square feet, and contains four bedrooms and 3.5 baths; that unit was marketed separately at one point, with an asking price of $30 million.

A wildly flashy residence, the apartment isn’t shy about showing off dollar-sign cryptography in figurative neon around every corner. Inlaid marble and oak parquet floors, deco flourishes, lacquered wood, backlit coffered ceilings, ornamental columns, and a broad-brush approach to interior design, distinguish the home. European, American, and ancient-world influences can be spotted.

Interestingly, the bathrooms seem to get the heaviest treatment, and look the most self-consciously luxurious, almost as though a textbook on sledgehammer displays of means had been consulted for that purpose. Meandros, gilt a-plenty, a segmented sunrise in frosted glass, and unique marble color schemes are visual highlights of excess that mark these sanctuaries.

Active sales in Trump International Tower currently number 29, according to Streeteasy. 24 of the 156 units in the building sold last year.

Katsumi Tada is a director of Daisho Co Ltd. His net worth is north of $2 billion.

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