{"id":36967,"date":"2022-02-14T16:16:21","date_gmt":"2022-02-14T03:16:21","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=36967"},"modified":"2022-02-14T16:17:15","modified_gmt":"2022-02-14T03:17:15","slug":"why-did-cristiano-ronaldo-sell-his-trump-tower-nyc-condo-for-a-loss-watch","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/why-did-cristiano-ronaldo-sell-his-trump-tower-nyc-condo-for-a-loss-watch\/","title":{"rendered":"Why did Cristiano Ronaldo sell his Trump Tower NYC condo for a loss? | WATCH"},"content":{"rendered":"<p><strong>PHOTO: Cristiano Ronaldo and girlfriend Georgina Rodriguez<\/strong><\/p>\n<p>The soccer superstar <b>Cristiano Ronaldo<\/b>\u00a0has had less luck in the real estate game. He recently unloaded his\u00a0Trump Tower\u00a0condo in\u00a0Manhattan\u00a0for $7.18 million, a whopping $11.32 million less than he paid in 2015.<\/p>\n<div class=\"first-letter-in-red\">\n<p>The Manchester United forward shelled out $18.5 million for the three-bedroom, high-floor loft with Central Park views in 2015.<\/p>\n<p>At the time of the transaction,\u00a0rumors swirled that perhaps the legendary Portuguese player would eventually wind up in the United States and join Major League Soccer. That never happened.<\/p>\n<p>Instead, the part-time New Yorker has moved on from his apartment\u2014at a huge loss.<\/p>\n<p>We can\u2019t feel too bad for Ronaldo, given that Forbes has\u00a0ranked\u00a0him as the third-highest-paid athlete in the world, with $120 million in earnings in 2021 alone.<\/p>\n<p>Even so, no one likes to lose money. So how did this happen?<\/p>\n<p><iframe title=\"Inside Cristiano Ronaldo\u2019s $18.5 Million NYC Apartment\" width=\"1380\" height=\"776\" data-src=\"https:\/\/www.youtube.com\/embed\/DEUm6WWZhSI?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/p>\n<h2 id=\"pandemic-pricing\">Pandemic pricing<\/h2>\n<p>From the get-go, the sky-high purchase price added to the challenge.<\/p>\n<p>Initially, the player listed the lavish aerie for just under $9 million in 2019, less than half of what he had paid four years before.<\/p>\n<p>In 2020, the price dropped to $7.99 million, and remained there until selling last November, at the even lower amount.<\/p>\n<p>Part of the issue could have been the timing of the pandemic, which at first put a damper on the housing market, as well as on interested buyers.<\/p>\n<p>\u201cHe definitely paid way too much. So that answers part of the question as to what the loss is,\u201d says one luxury real estate specialist,\u00a0<b>Dolly Lenz<\/b>, CEO and founder of Dolly Lenz Real Estate.<\/p>\n<p>\u201cThen, the perfect storm of COVID and bad luck,\u201d Lenz adds, noting that New York real estate brokers were locked down and couldn\u2019t show the property.<\/p>\n<\/div>\n<p><iframe title=\"I am Georgina | Official Trailer | Netflix\" width=\"1380\" height=\"776\" data-src=\"https:\/\/www.youtube.com\/embed\/2kdqmzbqlVs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen src=\"data:image\/svg+xml;base64,PHN2ZyB3aWR0aD0iMSIgaGVpZ2h0PSIxIiB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciPjwvc3ZnPg==\" class=\"lazyload\" data-load-mode=\"0\"><\/iframe><\/p>\n<p>READ MORE VIA REALTOR.COM<\/p>\n<p>https:\/\/www.instagram.com\/p\/CZz1il3B98j\/?utm_source=ig_web_copy_link<\/p>\n<h3 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":36968,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098545,478098546,478119850,478108557,478119181,478101727,478119849,478104484,478103549,478098601,478109399,478119851,478108350,478110949,478098513,478098511,478098509,478112277,478119848],"class_list":["entry","author-data123nz","post-36967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-celebrity","tag-celebrity-property","tag-central-park-views","tag-cristiano-ronaldo","tag-georgina-rodriguez","tag-manhattan","tag-manhattan-condo","tag-manhattan-property","tag-manhattan-real-estate","tag-nyc","tag-nyc-apartments","tag-nyc-condo","tag-nyc-property","tag-nyc-real-estate","tag-property","tag-real-estate","tag-real-estate-news","tag-trump-tower","tag-trump-tower-condo"],"yoast_head":"<!-- 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