THE CONDO BOOK PROJECT

Trump Park Avenue

502 Park Avenue, Manhattan, NY 10022

Overview

Units
134 residential · 1 commercial
Subway
2 min walk to Lexington Av/59 St 4 5 6 N R W5 Av/59 St N R W, 4 min
Developers
General Electric Pension Trust, The Trump Organization
Principals
Donald J. Trump
Offering price
$622 million total $487.6 million when first offered

The sponsor of record is Trump Park Avenue LLC**, represented by Kramer Levin Naftalis & Frankel LLP. The offering plan runs 556 pages. The sponsor has filed 1 amendment, the latest in June 2003. The nearest other condo plan on file is 520 Park Avenue Condominium, next door.

Plan CD020133 · Conversion · accepted Mar 26, 2003 · AG record ↗

Budget

From our research: The Sponsor's Condo-Creation Fee in NYC · NYC Condo Insurance Costs Are Rising · Condo Supplies Cost per Unit, by Size

Team

Sponsor
Trump Park Avenue LLC**
Developers
General Electric Pension Trust, The Trump Organization
Principals
Donald J. Trump
Tax estimate
Jerome Haims Realty, Inc.Prepared the first-year real estate tax projection

From our research: Do NYC Developers Rehire the Same Firms?

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