The Donald sells Trump Park Avenue condo for $14M

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

New York /
Jan.January 14, 2016 11:05 AM

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

 

Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Trump International Hotel D.C. and Donald Trump (Getty, Trump Hotels)
Trump could profit $100M in DC hotel sale
Trump could profit $100M in DC hotel sale
Donald Trump (Getty)
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Pandemic dashed one-quarter of Trump’s NYC retail tenants
Prosecutors probing disparities in Trump Org property valuations
Prosecutors probing disparities in Trump Org property valuations
Prosecutors probing disparities in Trump Org property valuations
Republicans are more likely to move to blue states if there are no mask or vaccine mandates (Getty)
Republicans game to live in blue states — unless there’s a Covid mandate
Republicans game to live in blue states — unless there’s a Covid mandate
Donald Trump, Trump International Hotel D.C. and CGI Merchant Group CEO Raoul Thomas (Getty, CGI)
CGI Merchant Group to pay $375M for Trump’s DC hotel
CGI Merchant Group to pay $375M for Trump’s DC hotel
“Not going to jail” Texas broker heads to prison for Capitol riot
“Not going to jail” Texas broker heads to prison for Capitol riot
“Not going to jail” Texas broker heads to prison for Capitol riot
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...