<?xml version="1.0" encoding="UTF-8"?><?xml-stylesheet type="text/css" media="screen" href="http://s2.wp.com/wp-content/themes/vip/newyorkobserver/stylesheets/rss.css"?>
<rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" xmlns:media="http://search.yahoo.com/mrss/"
	>

<channel>
	<title>Observer &#187; Art Dealer Hillel Nahmad Completes His Trump Tower Collection, Buys Out Entire 51st Floor</title>
	<atom:link href="http://observer.com/2013/01/art-dealer-hillel-nahmad-completes-his-trump-tower-collection-buys-out-entire-51st-floor/feed/" rel="self" type="application/rss+xml" />
	<link>http://observer.com</link>
	<description></description>
	<lastBuildDate>Sat, 18 May 2013 20:05:03 +0000</lastBuildDate>
	<language></language>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
	<generator>http://wordpress.com/</generator>
<cloud domain='observer.com' port='80' path='/?rsscloud=notify' registerProcedure='' protocol='http-post' />
<image>
		<url>http://1.gravatar.com/blavatar/dac0f3722a48a53be75eb06c0c4f5119?s=96&#038;d=http%3A%2F%2Fs2.wp.com%2Fi%2Fbuttonw-com.png</url>
		<title>Observer &#187; Art Dealer Hillel Nahmad Completes His Trump Tower Collection, Buys Out Entire 51st Floor</title>
		<link>http://observer.com</link>
	</image>
	<atom:link rel="search" type="application/opensearchdescription+xml" href="http://observer.com/osd.xml" title="Observer" />
	<atom:link rel='hub' href='http://observer.com/?pushpress=hub'/>
		<item>
				
		<title>Art Dealer Hillel Nahmad Completes His Trump Tower Collection, Buys Out Entire 51st Floor</title>

		<comments>http://observer.com/2013/01/art-dealer-hillel-nahmad-completes-his-trump-tower-collection-buys-out-entire-51st-floor/#comments</comments>
		<pubDate>Wed, 23 Jan 2013 11:40:58 -0400</pubDate>
					<link>http://observer.com/2013/01/art-dealer-hillel-nahmad-completes-his-trump-tower-collection-buys-out-entire-51st-floor/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=285458</guid>
		<description><![CDATA[<p><div id="attachment_285461" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2013/01/art-dealer-hillel-nahmad-completes-his-trump-tower-collection-buys-out-entire-51st-floor/trumpnahmad/" rel="attachment wp-att-285461"><img class="size-medium wp-image-285461" alt="The last puzzle piece." src="http://nyoobserver.files.wordpress.com/2013/01/trumpnahmad.jpg?w=300" width="300" height="163" /></a><p class="wp-caption-text">The last puzzle piece?</p></div></p>
<p>Even the most ardent and dedicated enthusiast occasionally requires a change of pace, a diversion from the tedium that can set in when one spends day after day doing the same amazing thing.</p>
<p>Take, for example, <strong>Hillel Nahmad</strong>. The scion of the ridiculously rich art-dealing dynasty devotes most of his time buying Renoirs and Modiglianis to <a href="http://www.theartnewspaper.com/articles/Dynasty-prepares-to-share-its-family-secrets/24560">stockpile in the family's storage facility beneath the Geneva airport</a>. But he also mixes it up by collecting other expensive things, like apartments on the 51st floor of the Trump Tower.</p>
<p>Now, with his sixth purchase at <strong>721 Fifth Avenue</strong>, we believe Mr. Nahmad may finally have the full set. That is, the entire 51st floor.<!--more--></p>
<p><div id="attachment_285489" class="wp-caption alignleft" style="width: 235px"><a href="http://observer.com/2013/01/trumptower-001-2/" rel="attachment wp-att-285489"><img class="size-medium wp-image-285489" alt="Maybe he's after the whole thing." src="http://nyoobserver.files.wordpress.com/2013/01/trumptower-001.jpg?w=225" width="225" height="300" /></a><p class="wp-caption-text">Maybe he's after the whole thing.</p></div></p>
<p>The Trump Tower patron paid <strong>$8 million</strong> for apartment <strong>51</strong><strong>A/B, </strong>city records show. And while Mr. Nahmad has taken his time with his purchases in the past, this most recent buy followed right on the heels of No. 51C, <a href="http://observer.com/2012/11/sold-art-dealer-hillel-nahmad-builds-trump-empire-with-another-buy/">which sold for $2.8 million in November</a>.</p>
<p>He spent the last decade buying up <a href="http://observer.com/2010/07/in-deed-art-dealer-expands-in-trump-tower-ivanity-fairi-articles-editor-buys-in-chelsea/">51D, J, K and H</a>. Which, though a few letters of the alphabet are absent, appears to be the entirety of lines available on the floor (ah, convoluted apartment numbering systems). Mr. Nahmad did not return a phone call to his Trump Tower apartment, but the purchases scream floor-through.</p>
<p>As for apartment 51A/B, Keller Williams listing broker <strong>Rana Williams</strong> said that the two apartments were combined years ago. The seller, <strong>Renee Baley</strong>, was trying for $9.95 million for the 3,000-square-foot unit, although it was clear from listing photos that it had been some time since the place was renovated, a consideration we doubt matters to Mr. Nahmad.</p>
<p>"The apartment spans the whole southern face of the building. It is a beautiful apartment," said Ms. Williams. She declined to comment on Mr. Nahmad's plans, or the possibilities of a floor-through renovation, but did confirm that there had originally been seven units on the 51st floor. We tallied Mr. Nahmad's purchases: seven units.</p>
<p>Would a floor-through in the Trump Tower be unusual? "It would be <em>very</em> uncommon," she said.</p>
<p>Altogether, he's spent $21.7 million, but could surely fetch far, far more after a renovation. By our calculations, the apartments have 10,059 square feet between them. Although combining so many units can't be an easy, or inexpensive task.</p>
<p>But Mr. Nahmad wouldn't be the first rich guy to dream about uniting <a href="http://observer.com/2012/11/the-death-of-a-crazy-dream-magnificently-complicated-fifth-avenue-spread-is-off-the-market/">a large number of disparate apartments</a> into one magnificent mega-apartment. To want to play real estate developer not on a plot of land, but within the confines of a luxury building. And where Howard Ronson failed, Mr. Nahmad may succeed.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p><div id="attachment_285461" class="wp-caption alignleft" style="width: 310px"><a href="http://observer.com/2013/01/art-dealer-hillel-nahmad-completes-his-trump-tower-collection-buys-out-entire-51st-floor/trumpnahmad/" rel="attachment wp-att-285461"><img class="size-medium wp-image-285461" alt="The last puzzle piece." src="http://nyoobserver.files.wordpress.com/2013/01/trumpnahmad.jpg?w=300" width="300" height="163" /></a><p class="wp-caption-text">The last puzzle piece?</p></div></p>
<p>Even the most ardent and dedicated enthusiast occasionally requires a change of pace, a diversion from the tedium that can set in when one spends day after day doing the same amazing thing.</p>
<p>Take, for example, <strong>Hillel Nahmad</strong>. The scion of the ridiculously rich art-dealing dynasty devotes most of his time buying Renoirs and Modiglianis to <a href="http://www.theartnewspaper.com/articles/Dynasty-prepares-to-share-its-family-secrets/24560">stockpile in the family's storage facility beneath the Geneva airport</a>. But he also mixes it up by collecting other expensive things, like apartments on the 51st floor of the Trump Tower.</p>
<p>Now, with his sixth purchase at <strong>721 Fifth Avenue</strong>, we believe Mr. Nahmad may finally have the full set. That is, the entire 51st floor.<!--more--></p>
<p><div id="attachment_285489" class="wp-caption alignleft" style="width: 235px"><a href="http://observer.com/2013/01/trumptower-001-2/" rel="attachment wp-att-285489"><img class="size-medium wp-image-285489" alt="Maybe he's after the whole thing." src="http://nyoobserver.files.wordpress.com/2013/01/trumptower-001.jpg?w=225" width="225" height="300" /></a><p class="wp-caption-text">Maybe he's after the whole thing.</p></div></p>
<p>The Trump Tower patron paid <strong>$8 million</strong> for apartment <strong>51</strong><strong>A/B, </strong>city records show. And while Mr. Nahmad has taken his time with his purchases in the past, this most recent buy followed right on the heels of No. 51C, <a href="http://observer.com/2012/11/sold-art-dealer-hillel-nahmad-builds-trump-empire-with-another-buy/">which sold for $2.8 million in November</a>.</p>
<p>He spent the last decade buying up <a href="http://observer.com/2010/07/in-deed-art-dealer-expands-in-trump-tower-ivanity-fairi-articles-editor-buys-in-chelsea/">51D, J, K and H</a>. Which, though a few letters of the alphabet are absent, appears to be the entirety of lines available on the floor (ah, convoluted apartment numbering systems). Mr. Nahmad did not return a phone call to his Trump Tower apartment, but the purchases scream floor-through.</p>
<p>As for apartment 51A/B, Keller Williams listing broker <strong>Rana Williams</strong> said that the two apartments were combined years ago. The seller, <strong>Renee Baley</strong>, was trying for $9.95 million for the 3,000-square-foot unit, although it was clear from listing photos that it had been some time since the place was renovated, a consideration we doubt matters to Mr. Nahmad.</p>
<p>"The apartment spans the whole southern face of the building. It is a beautiful apartment," said Ms. Williams. She declined to comment on Mr. Nahmad's plans, or the possibilities of a floor-through renovation, but did confirm that there had originally been seven units on the 51st floor. We tallied Mr. Nahmad's purchases: seven units.</p>
<p>Would a floor-through in the Trump Tower be unusual? "It would be <em>very</em> uncommon," she said.</p>
<p>Altogether, he's spent $21.7 million, but could surely fetch far, far more after a renovation. By our calculations, the apartments have 10,059 square feet between them. Although combining so many units can't be an easy, or inexpensive task.</p>
<p>But Mr. Nahmad wouldn't be the first rich guy to dream about uniting <a href="http://observer.com/2012/11/the-death-of-a-crazy-dream-magnificently-complicated-fifth-avenue-spread-is-off-the-market/">a large number of disparate apartments</a> into one magnificent mega-apartment. To want to play real estate developer not on a plot of land, but within the confines of a luxury building. And where Howard Ronson failed, Mr. Nahmad may succeed.</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
		<wfw:commentRss>http://observer.com/2013/01/art-dealer-hillel-nahmad-completes-his-trump-tower-collection-buys-out-entire-51st-floor/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
	
		<media:content url="http://1.gravatar.com/avatar/43304efa56123b72936b39839dd0a8a6?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">kvelseyobserver</media:title>
		</media:content>

		<media:content url="http://nyoobserver.files.wordpress.com/2013/01/trumpnahmad.jpg?w=300" medium="image">
			<media:title type="html">The last puzzle piece.</media:title>
		</media:content>

		<media:content url="http://nyoobserver.files.wordpress.com/2013/01/trumptower-001.jpg?w=225" medium="image">
			<media:title type="html">Maybe he&#039;s after the whole thing.</media:title>
		</media:content>
	</item>
	</channel>
</rss>
