The Real Deal New York

The Real Deal New York

trd topics
X


NAME


EMAIL


SUGGESTED
UPDATE


captcha

Please type the words that appear above
Than click SUBMIT
By using this form you agree with the storage and handling of your data by this website.


502 Park Avenue
New York, NY 10022
Website
Residential, Sales, Leasing/Rental, Condo (Building)

Located in Lenox Hill, the Trump Park Avenue at 502 Park Avenue is one of Donald Trumps most coveted properties, but it has little of his trademark grandeur. Located in the hoighty-toighty Lenox Hill neighborhood of New York City, and unfortunately built in in 1929 on the cusp of the Great Depression, the building has changed hands (and names) several times. For years it had been home to a number of hotels: first the Viceroy, then the Cromwell Arms, and finally Hotel Delmonico, where it was home to several celebrities, including Ed Sullivan, and the alleged location of where Bob Dylan introduced marijuana to the Beatles.

In 2001 Trump bought the building for $115 million and within a couple years converted it from a hotel into a 120-unit luxury residential condominium, though with the intention of keeping some hotel-esque features like maid and laundry service. The building still has touches of pre-war, including hand-laid brick, but Trump has pumped nearly $100 million into renovating it.

Today the property continues to hue to its star-hugging past. A number of high-profile renters have lived there, including the owner of the New York Giants, infamous baseball player Alex Rodriguez, and Rupert Murdoch.

-NR

  • Address 502 Park Avenue
  • neighborhood Lenox Hill
  • borough Manhattan
  • owner Trump Organization
  • developer Trump Organization
  • owner entity TRUMP PARK AVENUE LLC
  • PLANS DISCLOSED 08/19/2002
  • LIST/LAUNCH SALES 03/26/2003
  • floors 31
  • AG Initial Price $ 621,968,900
  • Year Built 1927
  • ag file plans 08/19/2002
  • AG FILE Link
  • residential units 134
  • commercial units 1
  • hotel units 0
  • total units 161
  • square feet 252,049
  • const. status CONDO COMPLETE
  • block and lot 1-01374-7502
  • BIN 1040756
Condominium Units+

06/19/18
Nearly 40 million American households were cost-burdened in 2016, meaning that they spent more than 30 percent of their incomes on housing, according to a...

06/19/18
Following the news that Eastern Consolidated would be shutting its doors for good next month, The Real Deal’s Hiten Samtani and Mark Maurer sat down...

06/19/18
It’s a double-whammy: Residents of a Long Island City co-op are simultaneously facing a sharp spike in their property tax assessments and the end of...

06/19/18
Sam Zell won’t be a keynote speaker at Mizuho Americas’ conference this month following the billionaire’s highly publicized comments about women. Zell was expected to...

06/19/18
Another hospital is joining Hudson Yards in hopes of tapping into the expected wave of new residents and workers at the megadevelopment. Hospital for Special...

06/19/18
After appealing to two of the mayor’s aides, a lobbying firm temporarily won an exemption from a zoning change on the Upper East Side for...

06/19/18
Boaz Gilad got up from his desk. “Let me just close the window,” the Brookland Capital founder said. But it wasn’t because of the weather...

06/19/18
For the second consecutive month, the top 10 outer borough loans consisted entirely of deals in Brooklyn and Queens. Queens made up four of the...

06/18/18
Brookfield Asset Management’s acquisition of Forest City Realty Trust could happen after all. The real estate investment trust is talking to Brookfield about a sale...

06/18/18
Mega-landlord AvalonBay Communities is hoping to offload half of a $1.2 billion Manhattan portfolio, as apartment prices continue to rise in the city. The publicly-traded...

06/18/18
Sheldon Solow wants to build a 54-story hotel and condominium on West 57th Street, but can’t do it until the last retail tenant on the...

06/18/18
Two fired employees of the New York City District Council of Carpenters claim leaders of the union kept sexual harassment allegations against its president secret...

06/18/18
Danielle Candela credits her time at Southampton co-working venture The Spur with “changing her life.” For starters, she won $25,000 to fund her start-up company...

06/18/18
Madison Realty Capital has opted to try selling its Clinton Hill warehouse at 29 Ryerson Street. The company originally planned to convert the building into...

06/18/18
1.) Aaron Jungreis’ Rosewood Realty Group bought a rental building in the Gravesend area of Brooklyn for $15.7 million. The deal is a rare acquisition for...

06/18/18
Brooklyn Borough President Eric Adams wants to shrink Alloy Development’s Downtown Brooklyn project 80 Flatbush by more than 300 feet. Adams released an advisory decision...

06/18/18
Dear Readers, Great journalism often requires years of source building and painstaking research. For informed people, verified reporting and data delivered at lightning speeds are...

06/18/18
LaSalle Hotel Properties reiterated its rejection of Pebblebrook Hotel Trust, choosing instead to move forward with a possible acquisition by the Blackstone Group. In a...

06/18/18
Manhattan-based exercise bike maker Peloton signed a lease on a 13,800-square-foot Syosset warehouse with property owner Milvado Property Group. Peloton, which has “nearly 1 million”...

06/18/18
Fortunoff, which opened its first showroom in Paramus, New Jersey in May, plans to open three locations across Long Island in Carle Place, Huntington Station...

06/18/18
The self-storage company Men on the Move is opening its headquarters in Woodbury, the Long Island Business Journal reported. The company bought the 51,000-square-foot office...

06/18/18
A proposed rezoning for Babylon’s hamlet of East Farmingdale could bring 4,402 residents to the area, according to an early environmental impact statement. The plan...

06/18/18
Home prices across Long Island rose over the past year, according to the Multiple Listing Service of Long Island. Suffolk prices rose 10 percent —...

06/18/18
May’s Suffolk home prices were 10 percent higher than the year before — the biggest increase in a decade Home prices across Long Island rose...

06/18/18
As interest rates rise, investors are questioning whether they’d be better off parking their money in bonds than real estate investment trusts. Last week, the...
  • Event Retail Leasing
  • Building Name Trump Park Avenue
  • Address 502 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,000
notes
The bank inked a long-term lease with options for another branch.

The tight inventory of for-sale residential properties, along with a glut of high-end homes going unused by their owners, is fueling a growing supply of...

From left: Carrie Chiang, Dolly Lenz, Serena Boardman, Leonard Steinberg, Hervé Senequier, Brenda Powers, Elizabeth Lee Sample, Kathy Sloane Manhattan's top real estate agents are as...

Click image for larger versionIt's no secret that many top-notch New York City sales brokers took on pricey rentals last year because high-end apartments were...

Despite a slight drop in its broker ranks, Prudential Douglas Elliman reigns supreme as Manhattan's biggest residential brokerage. But the Corcoran Group, the second-biggest firm...

Olshan-072015_2
Thirty-five contracts were signed in the second week of July for Manhattan apartments priced $4 million and above. The week’s priciest listing was for a penthouse...
Sections