LLNYC's look at listings:
A penthouse at Trump Park Avenue owned by the Donald J. Trump Revocable Trust, of which the president is the exclusive beneficiary, has just had its price slashed again, this time by $5.5 million.
Trump transferred the unit, located at 502 Park Avenue, to the trust in January, but he has been trying to sell the unit for some time.
He first listed it in 2008 for $45 million, then raised the ask to $51 million after a renovation, before dropping it back down to $31 million. He tried the market again in 2013 with a $45 million ask, but took it down in March 2016, when it was asking $35 million.
It reappeared most recently in March 2017, once again asking $35 million.
The 6,278-square-foot spread has four bedrooms and six bathrooms. It also features a private elevator, private terraces, panoramic views of the city, 22 arched windows, a library and a den.
The trustees of the Donald Trump Revocable Trust are Donald Trump Jr. and Allen Weisselberg, the CEO of the Trump Organization, but the president retains the right to dissolve the trust at will.
Nitza Zinbarg and Michael Weiner of Trump International Realty New York have the listing.
|Price Per ft²||$4,698|