The Real Deal New York

The Real Deal New York

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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+

10/16/18
Author and journalist Frank Lalli is putting his Upper East Side penthouse on the market. The unit at 137 East 66th Street is listed for...

10/16/18
David Rockwell may be best known for his work with celebrity restaurateurs like Nobu Matsuhisa, Danny Meyer and Drew Nieporent, but his Manhattan-based firm has...

10/16/18
It’s finally closing time for buyers at 220 Central Park South. More than five years after Vornado Realty Trust put shovels in the ground —...

10/16/18
Frankfurt Kurnit Klein and Selz, an entertainment and arts-focused law firm, is relocating to Fosun’s 28 Liberty Street in the Financial District, sources told The...

10/16/18
American homebuilders are feeling more confident amid a rise in consumer demand and a drop in lumber prices. The recent boost follows months of declining...

10/16/18
One of Wall Street’s top crisis public relations shops is expanding to 65,000 square feet as it relocates its offices on Third Avenue. Financial communications...

10/16/18
UPDATED, Tuesday, Oct. 16 at 4:47 p.m.: Quality Communities, an affordable housing joint venture between Taconic Investment Partners and Clarion Partners, is continuing its expansion in...

10/16/18
The federal Opportunity Zones program has drawn increasing interest — despite limited details on its rules — from real estate investors and developers who have...

10/16/18
In the world of mid-market New York City investment sales last week, plastic surgeon Sydney Coleman sold a Tribeca building and Carmine Limited bought two...

10/16/18
Once upon a time, developers who were looking to make smart investment plays would throw up a building in Williamsburg, Long Island City or Bushwick...

10/16/18
The top 10 Manhattan loans in September totaled just over $2 billion, up 25% from August, but no single deal broke the $300 million mark....

10/16/18
Mayor Bill de Blasio’s federal political action committee has taken in several donations from the real estate industry, as well as one of President Trump’s...

10/16/18
Co-living may have reached its maturity phase. The concept is less than 10 years old, but developers are now getting ready to build some of...

10/16/18
Chicago is the second-most affordable place to buy a house right now in the United States, and it’s expected to remain buyer-friendly for the next...

10/16/18
BounceX is ditching Midtown for the World Trade Center. The digital marketing company, officially known as Bounce Exchange, will leave its current headquarters at the...

10/16/18
The district council in Washington D.C. could deliver a major blow to Airbnb on Tuesday. The council is expected to vote on legislation that would...

10/16/18
Another day, another new lease for WeWork. The co-working giant is leasing all 139,000 square feet of office space at 609 Fifth Avenue from SL...

10/16/18
A group featuring some of the city’s most prominent business improvement districts is coming out against the City Council’s controversial commercial rent control bill. The...

10/16/18
In an office space shuffle, the Corcoran Group and Brown Harris Stevens are shifting locations of their Southampton outposts. Corcoran will move to 24 Main...

10/16/18
David Rockwell is perhaps best known for his collaborations with celebrity chefs and restaurateurs like Danny Meyer and Nobuyuki Matsuhisa, whose restaurants he’s designed around...

10/16/18
New York City hotel developers are about to lose nearly half of the land they can build on as-of-right. On Wednesday, New York’s City Planning...

10/15/18
Paul Allen, the billionaire co-founder of Microsoft and global philanthropist, has died at age 65, leaving behind a hefty real estate portfolio that spans from...

10/15/18
Morgan Stanley Infrastructure paid nearly $47 million to gain easement rights to a Consolidated Edison substation in Brooklyn, according to records filed with the city...

10/15/18
John Catsimatidis is just getting started in Coney Island. The billionaire Red Apple Group head is expanding his holdings in the neighborhood, the New York...

10/15/18
In a year when the law firms representing New York’s top lenders had less on their plates, it paid to be the attorneys for Bank...
  • Event Retail Leasing
  • Building Name Trump Park Avenue
  • Address 502 Park Avenue
  • Neighborhood Lenox Hill
  • Borough Manhattan
  • Square feet 3,000
notes
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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...