When property developer Daniel Grollo and his family relocated from Melbourne, Australia, to New York City in 2012, records indicate he acquired a multi-unit combination apartment on the 21st floor of the Trump Parc building overlooking Central Park for $14.25 million. Records show the following year he dropped $700,000 on a small adjacent unit, and in 2016, ponied up another $2 million for two more small units on the same floor, bringing his total outlay to just under $17.1 million.

At the time, Grollo was leading Grocon, a Melbourne-based builder responsible for major projects including the Eureka Tower and the Rialto Towers. The company later fell on tough times and entered administration in 2020, a restructuring process used to manage debts. While all of the Central Park South apartments were held separately from that process, records show they were all forfeited in a foreclosure proceeding last year. 

Three of the smaller units were sold off earlier this year, all to the same buyer, for about $1 million, while the large residence, which combines five units into one sprawling home, has now surfaced for sale at $16.375 million with Fredrik Eklund and John Gomes, along with Fabio Petrolino and Frank Barone of Douglas Elliman. 

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Interiors were redesigned by D’Aquino Monaco with a focus on clean lines and gallery-style finishes. Polished floors run throughout, alongside glass-wrapped columns and custom architectural details. The apartment has also been updated with new windows, modern HVAC with humidification, upgraded insulation, and integrated water filtration systems.

The great room, a combination of the living, dining, and kitchen areas, measures a whopping 2,600 square feet, with large northeast-facing windows looking directly over Central Park and the surrounding skyline. The kitchen offers tons of storage and a full-height wine display, along with lighting by Lindsey Adelman Studio that adds a contemporary edge without overwhelming the space.

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The layout separates private areas from the main entertaining spaces, with the primary suite set behind pivoting resin doors and comprising a sitting area, dressing space, and a large bathroom with a soaking tub and walk-in shower. The remaining bedrooms each have en-suite baths.

The building, directly across from Central Park, dates to the early 1930s and operates as a full-service condominium with doorman and concierge service. Records show the apartment first came to market back in 2020 asking an overly optimistic $32.5 million. Its return at a significantly lower price comes as activity at the top of Manhattan’s market continues to diverge from the broader picture. Contracts for homes above $10 million rose sharply in the first quarter, even as overall deal volume slipped. New development sales at that level have also picked up, suggesting that well-priced, turnkey properties are still finding buyers.

Click here to see more photos of the Manhattan apartment.