Hillel Nahmad, member of the Nahmad family of art world bigwigs, doesn't seem to have a hard time deciding what to do with his money: buy apartments at Midtown's Trump Tower. He's just closed on his fourth apartment on the 51st floor of the 721 Fifth Avenue building, according to public records. The newest ingredient in Nahmad's Trump happy meal is #51D, for which he just paid $2.62 million. That's within Nahmad's usual purchase price range. He spent $2.5 million on #51J in 1999, $1.05 million on 51H in 2001, and $5 million on 51K a few months ago. Is Nahmad slowly buying up the pieces for a full-floor combo? We assume he has something specific in mind, since he's had 17 years to consider something else upstairs.
· Sale: 721 Fifth Avenue #51D [ACRIS]
· Trump Tower coverage [Curbed]