Ivanka Trump and Jared Kushner struggling to rent out NYC condo

First Daughter's posh Park Avenue condo still on the market even after Ivanka drops price by 30%.

Contact Editor
David Rosenberg,

Ivanka Trump
Ivanka Trump
Reuters

Ivanka Trump and her husband Jared Kushner are struggling to find renters for their posh Manhattan condo following Donald Trump’s 2016 win, even after dropping 30% off the asking price.

After Trump took office in January, some retailers nixed orders from Ivanka’s fashion line – a move some attributed to backlash among left-leaning consumers.

While it is unclear if the First Daughter’s difficulties in finding a renter for her Manhattan property are also part of the backlash against the Trump brand or merely a reflection on a bloated Manhattan rental market, the 502 Park Avenue condo has been listed now for nearly a year.

Located near Trump Tower, the two-bedroom, two-bathroom condo was first listed last November for $15,000 a month before being dropped to $13,000 in February.

Now, Bloomberg reported last week, the asking price has been lowered again to $10,450 per month.

Ivanka purchased the condo for $1.5 million in 2004. A similar nearby unit owned by the Trump Organization was sold for $2 million earlier this year.








top