Trump Park Avenue

Until this week, when news broke that hedge fund manager John A. Griffin paid $32.25 million for a co-op at 1030 Fifth Avenue, New York’s 10 most expensive residential listings looked more or less doomed. The thinking went that none of the three townhouses and seven apartments, each asking (officially or quietly) over $45 million, could possibly sell during this frozen downturn.

Now that Mr. Griffin’s deal spawns hope of a thaw—though there probably won’t be any more epic sales this year on account of the holidays—what might be 2009’s first massive sale?

First, consider that the $32.  read more »

Three years ago, during a happier time in Alex Rodriguez's marriage, the heavy-hitting Yankee third baseman bought a four-bedroom apartment (not counting the maid's room) at Trump Park Avenue, that beautiful 79-year-old building at 59th Street and, well, Park Avenue.

But times have changed for Mr. Rodriguez, whose wife, Cynthia, accused him of "marital misconduct" in divorce papers filed this July.

So perhaps it's not a surprise that his Trump Park apartment, which, according to an old listing, has his-and-hers whirlpool baths in the master-bedroom suite, is going to be sold off. A source tells The Real Estate the condo is quietly taking offers at the $13 million mark, although the listing hasn't officially hit yet.  read more »