The Real Deal New York

The Donald sells Trump Park Avenue condo for $14M

GOP front-runner sold his penthouse unit there in July, banking $21M

January 14, 2016 11:05AM

The 27th-floor condo at the Trump Park Avenue on the Upper East Side (inset: Donald Trump)

The 27th-floor condo at the Trump Park Avenue on the Upper East Side (credit: Trump International Realty) (inset: Donald Trump)

Maybe Donald Trump is trying to distance himself from New York in the run-up to the Iowa caucuses. Maybe he thinks the market has peaked — or the apartment is a loser.

Either way, the developer and Republican presidential candidate is selling another one of his units at the Trump Park Avenue on the Upper East Side.

Trump parted with his 4,200-square-foot sponsor unit, the 27th-floor of the former Delmonico Hotel at Park Avenue and 59th Street, collecting $14 million, the Wall Street Journal reported.

Trump never lived at the unit, renting it out instead, Michelle Griffith of Trump International Realty, who represented both sides in the deal, told the Journal.

He originally listed it in early December at $16.8 million.

The sale wasn’t about raising funds for his presidential campaign, Ivanka Trump of the Trump Organization told the Journal. The apartments’ buyer is unknown.

“We sell units when the market is conducive to selling,” she told the paper.

Trump bought the 32-story, 119-unit building in 2011 for $115 million, and performed a condominium conversion there. He sold another unit there, the penthouse, last year for $21 million. [WSJ]Ariel Stulberg

 

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