Big Realty Opportunities in Big Apple: Ivanka Trump - Real Estate * US * News * Story

Housing Video Gallery

Trader Talk

A check on the markets with Arthur Cashin, of UBS, and Bernard McSherry, of Cuttone & Co.

'Black Swan' on the Economy

Nassim Taleb, principal of Universa Investments and author of 'The Black Swan,' shares his outlook on the economy.

Where the Jobs Are

June jobs are out tomorrow and they are not supposed to look good, with Andrew Florence, Costar Group CEO and CNBC's Den...

Health of the Housing Marke...

CNBC's Diana Olick takes an in-depth look at recent housing data.

Broadview Security Adding 1...

Broadview Security, formerly Brinks Home Security, is hiring more than 100 employees as part of a new brand roll out. Ro...

CNBC'S MOST SHARED

MORE HEADLINES

Markets | Economy | Companies

- Bank of America Topples UBS as World Wealth Manager

LATEST FROM OUR BLOGS

- Yoshikami: A No Jobs Recovery Is Bad News

FEATURED SLIDESHOWS

Collection of Michael Jackson
Earlier this year, Jackson sought to auction his personal items. Although it never came through, here's a look at what was almost sold.
Recession-Resistant US Cities
Some cities have been hit much harder than others during the recession. Here are the metro areas faring the best.
How Much For A T-Bone Steak?
From the cost of a T-bone steak to a monthly phone bill, the price for everyday items can vary dramatically across the country.

SPECIAL REPORTS

Boom, Bust and Blame
The inside story of the economic crisis that has gripped the entire world.
E3: Gaming's Cutting Edge
North America's premier computer and video game trade show draws tens of thousands of professionals to experience the future of interactive entertainment.
The Fall of GM
A look into the fall of General Motors as the automaker heads toward bankruptcy and an effective nationalization.

Big Realty Opportunities in Big Apple: Ivanka Trump

Sectors:Utilities | Construction and Materials

By: Natalie Erlich, CNBC Writer/Producer | 09 Jan 2009 | 11:04 AM ET

Text Size

Now is the time to buy in Manhattan, if you have cash, said Ivanka Trump, executive vice president of development and acquisitions of The Trump Organization.

"For the first time buyers have leverage in their negotiation with sellers," she said. “There’s a gap between the power they think they have and the power the sellers are willing to release the inventory. So you see a lot of incredibly low-ball offers, especially with condominiums and home-type product.”

Meanwhile, the challenge facing commercial developers is the lack of debt available to finance purchases.

(See her full comments in the video).

“We’re waiting for that to open up and then we’ll be ready to pounce,” she said. “We are very well positioned to take advantage of great opportunities."

_____________________________________
Calculators and Advice from Bankrate.com:

_____________________________________

While Trump properties along the Hudson River have been sold out for a longer period of time, she said, Trump Soho is seeing on-going sales because it’s geared towards an international buyer. Trump's commercial realty is fully leased, she said.

How bad will the housing market get? It’s going to get worse before it gets better, Trump said, but she expects a rebound will emerge quickly. “For developers, if you have cash and the debt market comes back, you will just make a killing,” she said. “It’s going to create dynastic fortunes.”

Tools: