Sale Details and Financial Outcome
Property records indicate the opulent Upper East Side townhouse, long the residence of the late Ivana Trump, sold on February 27 for $14 million. This represents a $12.5 million reduction from the original $26.5 million asking price set shortly after her death in 2022, following three price cuts over three years. Despite the discount, the sale yielded a $2.5 million profit over Ivana's 1992 purchase price of $11.5 million, with proceeds divided among her children: Donald Trump Jr., Eric Trump, and Ivanka Trump.
Property History and Features
Ivana Trump acquired the nearly 9,000-square-foot limestone mansion shortly after her divorce from President Donald Trump, transforming a former dental office into a six-story luxury monument through extensive renovations. Located between Fifth and Madison avenues, the Versailles-inspired home boasts gold accents, shades of red, five bedrooms, six bathrooms, two galley-style kitchens, and multiple entertaining areas. Standout interior elements include Chinese murals, silk-covered walls, a leopard-print library, and crystal chandeliers in nearly every room. Ivana resided there for three decades until her death in July 2022 from blunt impact injuries due to an accidental fall at the bottom of a staircase.
My mom absolutely loved that house.
Market Context
The transaction underscores a sobering reality for New York City's luxury real-estate market. While townhouse transaction volume increased in 2025, average sale prices declined, dropping 14% to $6.9 million by the third quarter according to Leslie Garfield & Co.'s report. Adam Modlin of the Modlin Group represented both buyer and seller but did not respond to comment requests.
