Donald Trump took a quick break from his presidential campaign to sell his penthouse in New York’s Trump Park Avenue building. According to real estate listing agent Michelle Griffith, the swanky accommodations fetched USD21 million.
Although he has never lived in the building, the real estate mogul, television star and budding politician was the first and only owner of the unit located on the 24th floor of the 32-story tower on Park Avenue at 59th Street in Manhattan, Griffith told the Wall Street Journal.
The newspaper’s search of public records showed the penthouse measuring in at 6,200-square-feet while the property listing showed the property having 10-foot ceilings, five bedrooms, seven bathrooms and a powder room. In 2013, the unit was first put up for sale with a price tag of USD35 million; however, it was last offered at USD24.995 million, according to the Wall Street Journal.
Ivanka Trump, executive vice president of development and acquisitions of the Trump Organization and Trump’s daughter, confirmed the sale. She also happens to have an apartment in the Trump Park Avenue building.
Griffith, an agent with Trump International Realty, said there was an offer to rent the penthouse for more than USD80,000 a month, but Trump decided to complete the sale instead. “In his mind, it was a strong market and it was a good time to get a deal done,” Griffith explained.
In regards to the sale, Trump said, “(It) is a testament to the building, its incredible location and the strength of the Trump Brand.” The newspaper reported the home was bought by a US couple with an international real estate portfolio that wished to remain anonymous.
The Republican presidential hopeful has assets estimated to be at least USD1.5 billion, with holding in real estate and entertainment companies to restaurants. He is currently among the leaders in the race for the Republican presidential nomination.
Image: Evan Joseph Images via www.wsj.com
