502 Park Avenue PH31/32 Upper East Side, New York New York 10022

$29,500,000
45.5
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.

Trump’s trust recently sold another penthouse unit in the building to a Chinese businesswoman for $15.89 million. Ivanka Trump listed a smaller unit in the building for $4 million in December.

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.

Unit Details:
Bedrooms4
Bathrooms5.5
Rooms10
Built2002
Property TypeCondo
Size 6,278 ft²
Price Per ft² $4,698
Common Charges $8,062
Monthly Taxes $19,049
Description:
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