Donald Trump

August 4, 2016

Trump Opponents Plan to Build a 200-Foot Wall Outside the Donald’s Midtown Buildings

All anti-Trumpers, mark your calendars for August 30th, as this is the day that a determined group of opponents plans to build a quarter-million pound, 200-foot-long sandbag wall across from Trump Tower. Designers David Haggerty and James Cazzoli have already received permits from the Central Park Conservancy (the wall will go up at West 59th Street and Avenue of the Americas, four blocks from Trump Tower and three blocks from the Trump International Hotel) and they've now launched an Indiegogo crowdfunding campaign called "Wall in Trump" to raise the $60,000 it'll take to make this vision a reality.
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Celebrities

July 27, 2016

In the 1980s a Group of Feisty Tenants Blocked Evictions by Donald Trump

By Dana Schulz

It's no secret that Donald Trump has engaged in some shady real estate dealings over the years, from his fraught attempt to own the Empire State Building, to the "public" gardens at Trump Tower that allowed him to build taller, to a lost battle with China over two major office buildings (not to mention his many bankruptcies). But there was at least one snafu that he wasn't able to weasel himself out of, and it was all thanks to a group of feisty residential tenants. In the early 1980s, Trump planned to evict rent-controlled and rent-stabilized tenants from 100 Central Park South (now known as Trump Parc East) and build a larger tower on this site and that of the adjacent Barbizon Plaza Hotel. He hired a management firm that specialized in emptying buildings, and they began eviction proceedings. After claiming reduced services, a lack of repairs, and overall harassment, the tenants decided to fight back, and in the end 80 percent of them remained, leading to this revelation by the Donald: "What I've learned is that the better the location and the lower the rent, the harder people fight. If I were a tenant, I'd probably be a leader too."
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History

July 22, 2016

Units at Trump’s 11 Manhattan Condo Buildings Are Still Selling at a Premium

By Dana Schulz

Historically, the Trump brand has boosted sales prices at Manhattan condos. Since 2005, units in the Donald's buildings have sold for an average of 31 percent more than other NYC condos. But with his beyond-contentious presidential run, it's been unclear if his real estate empire would take a hit in a city where 70 percent of registered voters are Democrats. New data brought to us by MarketWatch, however, shows that he's "still king of New York." According to an analysis by CityRealty.com of 2016 sales data at Trump's 11 Manhattan condos, these units sold for an average of $1,974 a square foot, compared with $1,873 for all other condos, a five percent advantage that was also echoed in 2015.
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Real Estate Trends

July 15, 2016

Jamaica Estates Home Where Donald Trump Grew Up Asks $1.65M

By Annie Doge

A common question about Donald Trump is "Where did he come from?" and this new listing for his childhood home in Queens may be one piece of the puzzle. Newsday reports that the Jamaica Estates home in which the presidential hopeful lived as a young boy has hit the market for $1.65 million. The six-bedroom tudor home at 85-15 Wareham Place is listed as his address on his 1946 birth certificate (he was born at nearby Jamaica Hospital) and is located in an affluent enclave where the average sales price is around $2 million according to DNAinfo.
More on Trump's beginnings

June 29, 2016

Trump vs. Clinton: How the Design of Their Merchandise Stacks Up

By Dana Schulz

On the political front, Hillary is racking in donation dollars, while Donald Trump's campaign had a mere $1.3 million to its name as of May 31st. But what about their swag? T-shirts, mugs, bumper stickers, tote bags. Sure, online purchases won't sway either campaign significantly, but it's interesting to look at how the polar-opposite presidential candidates are marketing themselves through merchandise. 6sqft compared the goods from both camps, and found that while Hillary's merchandise is much more colorful, playful, and plentiful, and even features designer collabs, the Donald sticks to his message and caters to a very specific audience.
See how the merch stacks up

June 20, 2016

Donald Trump’s Secret ‘Public’ Gardens Gave Him Extra Height at Trump Tower

By Dana Schulz

In light of his media-circus presidential campaign, there seems to be endless exposes about Donald Trump's past real estate drama. From his failed attempt to own the Empire State Building to a lost battle with China over two bi-coastal skyscrapers, the Donald's development empire has very often skirted the rules. The latest saga dates back to 1979, when, as Crain's uncovers, Trump struck a deal with the city for a zoning variance to build an extra 200,000 square feet, or 20 stories, at Trump Tower. In return, he agreed to create a public atrium, as well as 15,000 square feet of public gardens. But these gardens, which yielded almost all of the 244,000 square feet of office and residential space that Trump still owns in the tower (worth roughly $530 million), are hidden, hard to access, and not maintained.
The full story, right this way

Donald Trump’s Stake in Two Major Towers Came From a Lost Battle With China

1290 Avenue of the Americas in NYC (L); 555 California Street, formerly Bank of America Center, in San Francisco (R); Images courtesy of Vornado

June 1, 2016

Donald Trump’s Stake in Two Major Towers Came From a Lost Battle With China

By Dana Schulz

When Donald Trump made an attempt to own the Empire State Building, he partnered with a foreign real estate investor, in this case from Japan. But it ended in a lawsuit and a public smear campaign before he ultimately sold back his stake. A similar turn of events surrounded his dealings with another high-profile Midtown building and related San Francisco tower; you may recall this quote from the day he announced his candidacy: "I beat China all the time. I own a big chunk of the Bank of America building and 1290 Avenue of the Americas that I got from China in a war. Very valuable." As the Times explains, the battle may not have gone down quite like the Donald says, with him schmoozing his way to the top and eventually waging a losing legal battle.
The full story ahead

May 10, 2016

First Mansion Donald Trump Ever Owned Now Selling for $45M

By Dana Schulz

When Donald Trump was rising up in the real estate ranks in the early '80s (and when he was still a Democrat), he and then-wife Ivana were looking for their first "trophy mansion." In 1982, they found it in this 5.8-acre Greenwich, Connecticut estate, paying $4 million for the home on its own peninsula. At the time, Trump was busy refurbishing the Plaza Hotel, so he and Ivana infused their new home with the same ornate style of gold leaf, massive chandeliers, and moldings galore. When the couple divorced in 1991, Ivana got the mansion (among many other properties and cash), but she sold it seven years later for $15 million to owners who made the property even more opulent, adding an indoor lap pool, sauna, tennis courts, and a 4,000-square-foot guest suite addition. These owners listed the property back in January for $54 million, but it's now gotten a price chop to $45 million, according to Top Ten Real Estate News.
Live like the Donald

April 26, 2016

Trump’s Flubs: The Donald’s Failed Attempts to Erect the World’s Tallest Building in NYC

By Ondel Hylton

Presidential candidate Donald Trump's aggressive tone and occasional outlandish statements have dominated the conversation in the Republican primaries, and today is sure to be no different. Though his supporters feel that he's a shoo-in, his real estate track record hasn't always resulted in success. Take for example his fraught attempt to own the Empire State Building, which ended in lawsuits and public shaming, or his $80 million loss on the Plaza Hotel, which resulted from his near bankruptcy in the '90s. In addition to these public debacles, the developer-turned-showman-turned-politician has envisioned at least three of the world's tallest buildings in New York over the years, which makes sense for a man who glories in superlatives and for whom every project is a flamboyant gesture. In honor of the Donald's never-ending presence, 6sqft decided to take a look at these never-realized, sky-high proposals, which include the New York Stock Exchange Tower, Television City Tower, and 10 Columbus Circle.
Get the story behind all these failed attempts

April 18, 2016

Donald Trump’s Failed and Fraught Attempt to Own the Empire State Building

By Dana Schulz

In 2000, shortly after ending his first presidential run, Donald Trump was asked for what he would like to be remembered. He responded, "I'd like to own the Empire State Building," adding that it would make him "New York's Native Son." As Crain's recalls, he came awfully close to renaming the iconic tower the "Trump Empire State Building Tower Apartments." For nearly a decade, Trump had a 50 percent, no-cost stake in the building, but he lost it when he attempted a hostile takeover of the structure in the late 90s.
Read about the entire saga

History

Keith Olbermann Lists Trump Palace Condo for $4M in Opposition to Presidential Candidate

By Dana Schulz

CityRealty recently took a closer look at if and how Donald Trump’s divisive rhetoric is affecting his real estate empire. They found that, despite how polarizing he is a presidential candidate, it's unlikely that anything will change thanks to an established trust in his brand and the city's current supply and demand status. But there's at least one New Yorker who disagrees, and he's taken a bold step to prove it. The Wall Street Journal reports that liberal commentator Keith Olbermann has listed his Upper East Side condo in the Trump Palace for $3.9 million in opposition to the presidential candidate. Though he's taking a loss on the listing price (he bought the 40th floor pad for $4.2 million in 2007, near the height of the market), he said "I feel 20 pounds lighter since I left... If they had changed the name of it to something more positive like Ebola Palace I would have happily stayed."
But what does Mr. Trump have to say?

‘Eloise From Hell’ Spent 35 Years in the Plaza for $500/Month, Until Donald Trump Came Along

Illustration by Hilary Knight, courtesy of Simon and Schuster

March 28, 2016

‘Eloise From Hell’ Spent 35 Years in the Plaza for $500/Month, Until Donald Trump Came Along

By Michelle Cohen

Remember the story of Herbert J. Sukenik, the famous Central Park West "hermit holdout?" Developers paid the rent-controlled curmudgeon $17 million and gave him a free massive pad overlooking the park in a legendary buyout. His female counterpart might be one Fannie Lowenstein, whom none other than Donald Trump is said to have ended up bestowing a sprawling suite in the venerable Plaza Hotel at 1 Central Park South, complete with a Steinway grand piano and maid service. For zero dollars a month. For life. Here’s how the story of the woman the hotel staff referred to as “the Eloise from Hell” became yet another Manhattan rent regulation legend, as told by Vice.
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March 17, 2016

The Plaza Reportedly Headed to Foreclosure Auction Next Month

By Michelle Cohen

The Plaza, New York City's iconic 109-year-old hotel and residence (formerly known as the Plaza Hotel) at 1 Central Park South will head for the auction block next month, says Bloomberg Business. An unnamed source claims the storied hotel will be offered in a foreclosure auction on April 26 along with the Dream Downtown hotel in Chelsea. The two mortgages total about $500 million, according to the report.
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Events & Things To Do

March 7, 2016

Donald Trump’s NYC Properties Owe the City $27K in Unpaid Fines

By Dana Schulz

Donald Trump's fellow Republican presidential candidates have been focused on him releasing tax documents, but since he claims he's not in the position to do so since he's been audited, this little tidbit might make for some good temporary fodder -- Trump's luxury Manhattan properties owe the city for 19 unpaid violations that have amounted to $27,536 over the past 12 years. I Quant NY scoured the city's building records to find that since 2000, at least 14 of his Manhattan properties have received 460 separate violations, totaling $304,165 in fines. Sure this may be a drop in the bucket for the GOP frontrunner, but it's the lack of compliance that seems troubling, especially since only 6 percent of the instances were dismissed. And 2015 had the most violations to date, with 62 separate fines for "Failure to Maintain an Elevator."
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Real Estate Trends

March 2, 2016

Will Donald Trump’s Divisive Rhetoric Hurt His Real Estate Business?

By Diane Pham

Trump may have swept the southern states on Super Tuesday, but in true blue New York City and other regions with liberal leanings, the presidential candidate remains as polarizing as ever. As such, since announcing his run last year, Trump has been dumped by everyone from NBC (he was axed as the host of “Celebrity Apprentice” […]

Real Estate Trends

February 3, 2016

For $23 Million You Can Be Donald Trump’s Downstairs Neighbor

By Michelle Cohen

A sprawl-o-rama of a penthouse a few floors below the Donald’s Trump Tower apartment is on the market for $23 million, but you’re paying for dizzying views and a palatial floor plan, not proximity to the building’s progenitor–though he did once own the apartment back when it was home to his mom and pop. It’s also rumored (according to Page Six) that Trump rented the pad out to his pal Michael Jackson and his new bride Lisa Marie Presley for $110,000/month back in the day, so you’ve got all sorts of party tidbits to go with your ridiculously enormous apartment. And if your dream is to re-live the '80s like a boss (and by that we mean nonagenarian dowager), the 3,725-square-foot, four-bedroom pad is ready for your key in the door. Otherwise you might want to do a little renovation.
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Distinctive Homes

January 29, 2016

Donald Trump’s United Nations Tower Is the City’s Most Valuable Condo

By Dana Schulz

He may have taken a hit last night with his anti-debate veterans rally, but Donald Trump has come out on top here in the city. The Real Deal analyzed the Department of Finance’s preliminary tax rolls and found that his Trump World Tower at 845 United Nations Plaza is the most valuable condo building in New York City based on tax collection purposes. "The 362 condo units in the Midtown East building, which Trump completed in 2001, have a total market value of $238.27 million in fiscal year 2016," they say. To boot, Trump Place at 220 Riverside Boulevard comes in eighth on the list.
See the other frontrunners

Real Estate Trends

August 25, 2015

INFOGRAPHIC: Ten Years of Trump

By Dana Schulz

Love him or hate him, not a day goes by anymore without Donald Trump making headlines. But the Donald was turning heads and raising eyebrows long before he launched his [fill in the blank] presidential campaign. As CityRealty notes, “Over the years, Donald Trump’s buildings have commanded a premium in New York’s pricey real estate […]

July 28, 2015

Photographing Street Art on NYC Doorways; The Last Remnant of the Original Penn Station

By Dana Schulz

Photo series “Doorway Galleries” documents the spray-painted, stenciled, and stickered doorways of NYC buildings. [BK Mag] Active uses, street furniture, and first-floor windows–are these the three traits shared by the city’s most walkable streets? [CityLab] A mysterious building on West 31st Street is the last remnant of the original Penn Station. [Scouting NY] This device […]

Uncategorized

July 28, 2015

Donald Trump Gets $21M for Trump Park Avenue Penthouse

By Dana Schulz

When you have $1.4 billion in assets, $21 million is a drop in the bucket, but the Wall Street Journal reports that's what Donald Trump just got for the sale of his penthouse in his namesake building Trump Park Avenue. The apartment is not too exciting, but it does boast 6,200 square feet, ten-foot ceilings, five bedrooms, seven-and-a-half bathrooms, and a private elevator. Trump bought the full-floor penthouse in 2002, when his company converted the Upper East Side building to condos, but never lived there. It first hit the market back in 2013 for $35 million and most recently got a price chop to $24.99 million.
Look around the whole place here

April 7, 2015

Donald Trump’s New Luxury Golf Course Opens atop a Former Bronx Dump

By Diane Pham

Grab your golf clubs and head northward because Donald Trump's brand new luxury golf course is open for business. After decades of delays and cost overruns, The Donald has finally made the city's dream of a public golf course in the Bronx a reality. Called the Trump Gold Links at Ferry Point, the 7,400-yard course has been constructed atop a one-time landfill. And though its former use is anything but five-star, you wouldn't guess it by the admission price—Trump is charging nearly three times as much to use his greens as other city courses.
Find out more here

Neighborhood Tours

May 20, 2014

Picture-Perfect Apartment in the Trump International Finds a Buyer

By Dana Schulz

The Donald has no shortage of high-rise real estate accolades, but the Trump International Hotel & Tower, located at 1 Central Park West, is considered by many one of his most successful developments. Adapted from a former office tower in 1997, it soars 44 stories above Columbus Circle with stunning views of Central Park and the Hudson River. The lower 22 floors are occupied by a hotel, while the upper 22 contain 158 modern, sunny private residences that are nothing short of trump-tacular. Unit 23D, which recently sold for $8.55 million through Ido Berniker at Mercer Partners, is no exception to the billionaire-worthy design. The 3BR/3.5BA apartment has 10-foot ceilings, as well as sleek modern finishes that really make the interior shine.
More about the spectacular home this way

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