On the corner 59th Street and Park Avenue in midtown Manhattan stands a beautiful building named Trump Park Avenue. Once known as the Hotel Delmonico, it features arched windows, marble finishes and penthouses that have sold for upwards of $20 million. Donald Trump still owns a handful of units, including one that Jared Kushner and Ivanka Trump used to call home.
Recently, however, the property has lost some of its luster. The reason: Its storefronts went quiet during the pandemic. The parent company of New York Sports Clubs, which operated a gym in the building, closed its locations in March 2020, then declared bankruptcy six months later. Capital One, which was paying an estimated $1 million a year to lease space next door, left in May 2020, about a year and a half before its lease expired.