Ivanka Trumps Drops Rent Price On New York Condo

Ivanka Trump had trouble finding a new tenant to take over her Park Avenue condominium in New York City. The first daughter dropped the asking price down to $10,450 per month Tuesday, according to the real estate website StreetEasy.

This marked the second time the listing for the home, located at 502 Park Ave., received a price cut. Trump's condominium was first listed in October 2016 for $15,000. Challenges arose when potential buyers weren't gravitating towards the valued $4.1 million home, which led to its first price dip at $13,000.

The luxury condominium boasts two bedrooms and two bathrooms. Building amenities include a concierge, full-time doorman, garage parking, in-building laundry, an elevator, a live-in superintendent, Verizon Fios and a gym. Cats and dogs are also welcomed.

Trump, 35, reportedly nabbed her apartment for $1.5 million in 2004, but listed it for a single day in 2011. The 1,549-square-foot condominium is housed in Trump Park Avenue — a building owned by her father. Trump Park Avenue was formerly a skyscraper hotel.

The Upper East Side condominiums have housed many notable names, including Alex Rodriguez and Rupert Murdoch.

A representative for Trump International Realty and Nitza Shafrir Zinbarg, the condominium's broker, did not immediately return International Business Times' request for comment.

Trump likely put up her condominium due to the increased time she's spent in Washington D.C. working alongside her father. She previously ran a self-titled fashion brand and served as the executive vice president of acquisitions and development at the Trump Organization. Trump, however, removed herself from both jobs to helm a new position at the White House.

Trump and her husband, Jared Kushner, purchased a 6,780-square foot Colonial mansion in the nation's capital. The six-bedroom home was sold to the couple on Dec. 22 for $5.5 million, according to the Washingtonian.

Trump's house, located in the Kalorama neighborhood, is a three-minute walk from the Obama's residence. The couple is reportedly renting the home for $15,000 a month, the Wall Street Journal reported in April.

Trump isn't impervious to rental market woes. The asking price has dropped by 30 percent since her father was elected into office. Her father's ownership over the building, however, could be a reason for the slow sale.

"There's an overall softening," Abe Botha, an associate broker at Douglas Elliman Real Estate, told the New York Times October 2016. "There are plenty of people who would purchase in one of the Trump buildings, probably as many as who wouldn't."

Trump International Realty (TIR) did sell a unit in the building February. The penthouse apartment at Trump Park Avenue reportedly sold for $15.9 million without a listing being posted. Angela Chen, a renter who previously lived on the building's fifth floor, upgraded her former home to reside in the 4,164-square-foot penthouse on the 28th-floor, according to Bloomberg.