502 Park Avenue-Trump Park Avenue

By
Real Estate Agent with Douglas Elliman Real Estate

502 Park Avenue commonly known as Trump Park Avenue is one of the essential Upper East Side condominium buildings located on Park Avenue.  The building itself has a very rich history, originally built in 1929 by Goldner and Goldner. Originally a hotel, known as the Viceroy, the name changed shortly to the Cromwell Arms and finally to Delmonico's after the famous restaurant that moved into the building.  

In 2004 it was converted into a 
pre-war condominum building by famous New York City Real Estate developer Donald Trump, hence how it came to it's current name.  In between 1929 and 2004, the building had a rich history.  Originally a hotel, it went through various hands turning into a rental building, a cooperative building and finally a hotel before it's conversion. A very special feature of the building is it's distinctive 32 story height at 59th and Park Avenue.  Many of the higher floor apartments have unobstructed views of the Manhattan skyline.  Another special characteristic of this building is it's detailed pre-war architecture.  A three story limestone base and brown brick facade, along with dramatic entrance foyer are some of the pre-war features that make Trump Park Avenue a unique Park Avenue Condominium building.

Once you become a residence of 
Trump Park Avenue you will absolutely be living in a full service luxury condominium.  Trump Park Avenue has a 24 hour doorman and concierge, a live in building/resident manager, valet parking services, laundry and maid service.  Owning at Trump Park Avenue gives you that rare combination of living on the famous Park Avenue in a distinguished pre-war condominium with every one of today's most modern conveniences.

Condominium residences at Trump 
Park Avenue, 502 Park Avenue, have sold very well in 2011.  Right now at 502 Park Avenue Trump Park Avenue there are a variety of different sized condominium residences for sale.

  • One Bedrooms for sale at 502 Park Avenue, Trump Park Avenue, in 2011 have been priced in the range of $999,000 to $1,350,000.  
  • Two Bedroom condos for sale at 502 Park Avenue Trump Park Avenue, in 2011 have been priced in the range of $2,650,000 to $5,500,000.
  • There are some very remarkable full floor and penthouse units available at 502 Park Avenue, ranging in size from 5-7 bedrooms with tremendous views and outdoor space priced in the $33,000,000 to $35,000,000.  These residences are some of the finest examples of Park Avenue Condominium residences on the market.


Pricing at Trump 
Park Avenue will vary widely between residences.  The building is 32 floors tall and higher floor apartments will always command a premium price compared to an apartment on a lower floor.  Size, condition, exposure are all determined to come up with pricing.  If you are interested in purchasing an apartment at 502 Park Avenue, Trump Park Avenue, call us today to see what is available.

If you are an owner, looking to sell or rent your Trump 
Park Avenue condominium apartment, call us today to find out what your apartment will sell for in today's market.  We will give you an up to date analysis of market sales in the building.

There are very few Park Avenue condominium buildings, and even fewer pre-war Park Avenue condominium residences located in the Upper East Side.  If you are looking to buy a condominium or sell a condominium on Park Avenue call us today, at  (917) 837-8869.

 

Posted by

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Eileen Hsu 許雅嵐 (email: EHSU(@)elliman.com)

Our team specialize in Manhattan New York Condominiums, townhouses, and condops.

We are condominium residents ourselves so we understand the Manhattan New York condominium community. We also enjoy all Manhattan neighborhoods, especially Upper West Side, Lincoln Square, Midtown East, Murray Hill, Financial District, Chelsea, Fifth Avenue, Greenwich Village, Nolita and etc just to name a few. If you or you know someone that may be interested in selling, buying or leasing their Manhattan New York condo, call us today (917)837-8869 or (646)644-6929 and we can discuss your specific Real Estate goals.

Manhattan New York Condo Specialists or Chinese Speaking Real Estate Agent

 

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Doug Rogers
Bayou Properties - Alexandria, LA
Your Alexandria Louisiana Agent

I have read a couple of Trump's books. The notion of the "Trump Touch" or including special features the competition lacks, works in any market.

Oct 28, 2011 02:03 AM #1
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Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

I always like hearing about the buildings around your area Elileen that get the Trump name adorned to them and their fascinating history.

Oct 28, 2011 04:24 AM #2
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Eileen -- great background combined with current market activity.   Very nicely done. 

Oct 28, 2011 04:23 PM #3
Rainmaker
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Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Eileen, what a privilege it would be to see one of these units!     I would expect the Trump building to very luxurious!

Oct 28, 2011 05:14 PM #4
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