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A $2.6 million apartment in Trump Tower turned out to be a “particularly poor investment decision” for one foreign buyer, who says the one-bed, two-bath property has shed nearly half its value over the past 10 years – and is now suing the real estate advisor who recommended it.
Monaco resident Riccardo Grande Stevens bought the 47th-floor unit in November 2015, exactly six months after Donald Trump rode down his eponymous building’s “golden escalator” to announce his candidacy for the White House, according to a multimillion-dollar lawsuit obtained by The Independent.
Of roughly 40 investment properties Stevens, 65, acquired under the guidance of Richard Tayar, a Florence, Italy native whose New York City-based brokerage firm promises to “transform ownership into an unparalleled experience,” Stevens’s complaint, filed on Monday in state court, flags the purchase of the
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