Pursuits
Trump Penthouse Snags $2 Million Premium Over Unit a Floor Below
- Trump Park Avenue resident moves upstairs for $15.9 Million
- Apartment fetches higher price even as luxury market slows
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To make a sale in Manhattan’s overcrowded luxury residential market, it might just help to be president.
In a saturated market, Donald Trump was able to find a buyer last month for a penthouse apartment at Trump Park Avenue, without a public listing, for $15.9 million -- almost $2 million more than what a larger unit sold for a year earlier. The buyer of the 4,164-square-foot (389-square-meter) 28th-floor penthouse was Angela Chen, who previously lived on the building’s fifth floor. From there, she ran Global Alliance Associates LLC, which specializes in establishing “influential relationships with key decision-makers” in China for its clients, according to the firm’s website.