A penthouse at Trump Park Avenue owned by the Donald J. Trump Revocable Trust, of which the president is the exclusive beneficiary, just hit the market asking $35 million, according to Streeteasy.
Trump transferred the unit, located at 502 Park Avenue, to the trust in January, but he has been trying to sell the unit for quite a while. 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 brought it back to the market in 2013 for $45 million, but ultimately took down the listing in March 2016, when it was 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. Nitza Zinbarg of Trump International Realty has the listing
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. -- Isabel Schwab