Ronaldo reduced the price of his 2,509 square foot loft on the 47th floor on Fifth Avenue to $ 7.75 million in May, according to real estate records cited by the Sun newspaper. That’s down from the $ 9 million he was asking for when he first marketed the three-bedroom, 3.5-bath property in 2019.
The new price is an even bigger drop from the $ 18.5 million Ronaldo paid for the apartment when he bought it from Italian real estate developer – and Trump’s business associate – Alessandro Proto in 2015. After Trump took office as president in 2017, fans signed a petition urging him to sell the apartment, saying ” celebrities like Ronaldo have a duty to take a stand ” against the controversial commander-in-chief.
It’s not clear whether the Juventus star put the apartment on the block in response to public pressure or for some other reason, but his timing was problematic. Prices for luxury apartments in Manhattan peaked around 2015, when Ronaldo bought, and the market became saturated as many wealthy New Yorkers left the city amid lockdowns from the year-round Covid-19 pandemic. last.
There are over 800 homes in Manhattan priced even higher than Ronaldo’s currently listed on Realtor.com. There are over 8,200 aggregate listings in Manhattan, and it takes an average of about eight months to sell.
The property details for Ronaldo’s listing do not mention that the apartment is in the Trump Tower. The house features floor-to-ceiling windows offering panoramic views of Central Park and the New York skyline, a chic master bedroom with its own walk-in closet and marble bath, burnished koa woodwork, and 18th-century Versailles parquet floors.
The building offers apartment owners a private entrance, a gym, a private restaurant and a 24-hour concierge, but these services come at a price: the monthly resident fees total almost $ 6,000. Having become the first team sports athlete to surpass $ 1 billion in career earnings in 2020, Ronaldo believes he has the financial means to face a loss in his Trump Tower apartment. The 36-year-old earns an average of $ 64 million a year under his contract with Juventus, plus around $ 50 million in endorsements, according to Forbes.
At least the property loss will be pale compared to the $ 4 billion he knocked down the market value of Coca-Cola when he pulled two bottles of Coke out of view of cameras at a Euro press conference 2020 last week in Budapest.
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