Donald Trump

In just 11 more days, Donald Trump will take office as the 45th President of the United States. And just as Trump is gearing up for his four-year term, his son-in-law Jared Kushner and daughter Ivanka Trump are preparing to take on major roles as well. Last week it was revealed that the pair would be moving into a six-bedroom, $5.5 million mansion in D.C., and now the New York Times reports that Kushner will step down as CEO of Kushner Companies as he transitions from real estate mogul to full-time presidential advisor.
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January 9, 2017

Manhattan real estate investor bought Donald Trump’s childhood home sight unseen for $1.4M

At the end of last month, 6sqft revealed that an anonymous New York investor had bought Donald Trump's childhood home in Jamaica Estates, Queens with plans to flip it at auction this month and turn a hefty profit. The Post has now learned that the mystery buyer--and democrat-turned Marco Rubio supporter--is Manhattan real estate mogul Michael Davis. Without ever having driven past the Tudor-style home at 85-15 Wareham Place, Davis dropped $1,390,500 on the piece of Trump ephemera, which he still plans to bring to auction next week.
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December 28, 2016

City says Trump Tower evacuations to be ‘a common occurrence’

Yesterday afternoon, after a suspicious package was found in the building atrium, Trump Tower was evacuated along with the entire area between 50th and 59th Streets and Madison and 6th Avenues. Ultimately, it was found to be a bag of children's toys left behind, but in a tweet after the incident, de Blasio spokesman Eric Phillips said such evacuations at the Tower "will be a common occurrence." According to the Daily News, Trump spokesman Dan Scavino sent out a thank you tweet, to which Phillips replied, "No problem. We’ll send you the bill."
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Celebrities

December 21, 2016

Mystery investor buys Donald Trump’s childhood home in hopes of flipping it

Hoping to cash in on Trump-mania, an anonymous New York investor scooped up the President Elect's childhood home in Jamaica Estates, Queens in the hopes of bringing it to auction next month and turning a profit. Mansion Global got the news from auctioneers Paramount Realty USA, who say the bidding will take place on January 17th. Previous reports have estimated that the six-bedroom, Tudor-style home that Trump's father Fred built could fetch up to ten times its most recent $1.2 million ask, or a whopping $10 million.
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Celebrities

December 16, 2016

Trump isn’t the first president-elect with a New York City home base, FDR stayed close too

Just when you thought you'd get to enjoy a low-key pre-holiday Friday, the New York Times compares Donald Trump to Franklin Delano Roosevelt. While just 12 blocks away Trump Tower snarls traffic and confounds anything resembling daily life in the surrounding area with a round-the-clock hive of security details, reporters and protesters—and of course the prez-elect himself, his entourage and various cabinet-members-to-be—Hunter College’s Roosevelt House Public Policy Institute director Harold Holzer reminds us of another presidency whose earliest days were spent ensconced in a NYC residence. Of the century-old double-width townhouse at at 47-49 East 65th Street on Manhattan’s Upper East Side, now the Institute's home, Holzer says, “It was the Trump Tower of 1932-33.” The 65th Street residence was the longtime home of Franklin D. and Eleanor Roosevelt.
Definitely not an apples-to-apples comparison

History

December 15, 2016

NYPD says it needs 200 cops and $500,000 a day to secure Trump Tower

Just over a week ago, Mayor de Blasio asked the federal government for $35 million to cover Donald Trump's increased security for the 73 days from the November 8th election to the January 20th inauguration. Two days later, congress came back with a low-ball offer of only $7 million, to which the Mayor responded that "NYC taxpayers shouldn’t be on the hook for 80 percent of the national bill to protect Trump Tower." Backing him up, the NYPD conducted its own analysis, which, as the Daily News shares, confirms the city's $500,000 a day security bill and concludes that nearly 200 cops are needed each day to secure the area around Trump Tower.
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Celebrities

December 14, 2016

Ivanka Trump puts her stodgy Park Avenue pad up for sale, asks $4.1M

It looks like America's next first daughter—and quasi-first lady—is looking to slim down her real estate holdings. As Luxury Listings NYC first reports, Ivanka Trump has just listed her apartment at 502 Park Avenue for $4.1 million. The somewhat bland spread hosts two bedrooms and two baths and is outfitted in a palette of cream and powdery blue hues. Although one might think the sale has something to do with her father's recent presidential victory—as not even two weeks ago, CNN reported that she and husband Jared Kusher were house hunting in Washington D.C.—Ivanka, in fact, also owns one the building's penthouses, which she bought for $16 million nearly six years ago. It's also been no secret that the Trump/Kushner brood has been mulling a move into the Puck Penthouses, one of Jared's beautiful ultra-luxe developments.
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December 7, 2016

Congress will only cover $7M of NYC’s $35M Trump security bill

Just two days after Mayor de Blasio formally requested $35 million in federal funding to cover security at Trump Tower for the 73 days from the November 8th election to inauguration day on January 20th, republicans in Congress decided to earmark a mere $7 million towards protecting the President Elect while he's in the Big Apple. Of the pending decision, the Mayor said, "NYC taxpayers shouldn’t be on the hook for 80 percent of the national bill to protect Trump Tower. DC must step up to pay us back what we’re owed," reports the Post.
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Celebrities

Officials launch petition to have federal government pay for Trump Tower security, not New Yorkers

City Council Speaker Melissa Mark-Viverito and Council Member Dan Garodnick won't have New York City shafted with the bill for “White House North.” The pair have launched a petition demanding that the federal government pony up whatever cash is needed to keep Trump Tower secure during the president-elect's term of office. As 6sqft previously reported, Trump hopes to spend weekends and even some weeknights at the Midtown tower over the next four years, particularly as wife Melania will stay put until son Barron finishes school—and more simply because Trump likes waking up in his own bed. It has been estimated that turning Trump Tower into a 24/7 armed fortress will cost New York City taxpayers $1 million a day, and the total bill over the president-elect's four-year term could swell beyond $1 billion.
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Celebrities

November 28, 2016

Taxpayers could be footing $3M annual bill to move Secret Service into Trump Tower

Plans are underway to turn what the New York Times calls “White House North” into an armed bunker as the president-elect’s family defers D.C.. As 6sqft reported last week, Donald Trump has said he'd like his family to remain in Trump Tower, though the gilded Fifth Avenue fortress that Trump, wife Melania and son Barron call home is particularly difficult to secure. The round-the-clock protection the family has been receiving from the NYPD has come at a cost to the city of over $1 million a day. Now, the New York Post reports that the Secret Service is in talks with the Trump Organization over plans to occupy two floors of the 68-story tower. It's standard policy for the federal agency to provide full protection for every president at their various homes–it cost around $2 million a year for the U.S. Coast Guard to protect George H. W. Bush’s estate in Kennebunkport, Maine during his presidency, for example. But in this instance taxpayers would be paying the incoming president's own company for the space in a lease deal which could cost more than $3 million a year.
Wait, what??

Celebrities

Image Kushner Co./LIVWRK

November 28, 2016

Spotlight on Jared Kushner, real estate wunderkind and unexpected presidential advisor

By Emily Nonko

Our newest president’s right hand man got his start—much like Donald Trump—as a New York real estate developer. Kushner Companies is a private family real estate company now run by Jared Kushner, husband of Ivanka Trump and son of Charles Kushner, who founded the firm in 1985. Kushner, as Donald Trump’s son-in-law, was an early […]

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Police presence around Trump Tower, via latecapitalism/Instagram

November 22, 2016

It costs NYC more than $1M a day to protect Donald Trump

Though part of Fifth Avenue will remain open in front of Trump Tower, the overall logistics of securing the area surrounding the building are still a bit of a nightmare for the NYPD and Secret Service, who must deal with traffic snarls, protests, security checkpoints, and angry pedestrians. If this wasn't enough of a cause for concern, CNN Money reports that the cost of protecting Donald Trump is more than $1 million a day, a figure that won't decrease any time soon since the president elect claims he'll spend weekends in his penthouse and Melania and Barron will continue to live there until the end of the school year. Plus, all of Trump's adult children and grandchildren live in the city and are therefore entitled to Secret Service protection.
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November 21, 2016

Fifth Avenue shutdown won’t happen even though Trump’s family will stay put

Between swarms of protestors outside the building and Donald Trump's claims that he'll spend weekends at his penthouse, the NYPD has spent the last week mulling a shutdown of Fifth Avenue in and around Trump Tower. And even though Melania and ten-year-old Barron will remain in the 24-karat gold-covered triplex instead of moving to the White House, Mayor de Blasio announced that the stretch of the Avenue in front of the building will remain open to vehicular traffic, adding that, "We have never had a situation where the president of the United States would be here on such a regular basis. But the N.Y.P.D. is up to the challenge, and the City of New York is up to the challenge."
And it's quite the challenge

Celebrities

November 16, 2016

Starchitect Frank Gehry may self-exile to France now that Trump’s been elected

Outspoken starchitect Frank Gehry is taking the whole "I'm moving if Trump wins" thing quite literally. The Canadian-born, LA-based architect told French paper La Croix just before the election that President Francois Hollande assured him he could go into exile in France if Trump became president. But as ArtNet points out, a possible relocation may have more to do with a personal beef than political leanings. In 2010, Gehry's 8 Spruce Street surpassed Trump World Tower as the city's tallest residential building, and we know how feisty the Donald gets when it comes to size...
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November 16, 2016

VIDEO: Go inside Donald Trump’s personal office in Trump Tower

Donald Trump has already made it clear that he hopes to ditch convention and spend weekends in his Trump Tower penthouse during his presidency (despite the unprecedented traffic snarls and security issues it'll cause). In addition to sleeping in his own bed, this will allow him to work out of his personal office. The 26th floor space is covered in awards, sports memorabilia, family photos, and an unsurprisingly narcissistic collection of magazines with yours truly on the cover. Business Insider uncovered two videos from last year--one from the Washington Post, one from the Wall Street Journal--where Trump provided tours of the office, and it looks like our next president may be working on international politics with one of Shaquille O'Neal's sneakers sitting next to him.
Watch both videos here

Celebrities

Upper West Side buildings to dump Trump name following petition

Trump Place Apartments courtesy of Nick Normal’s Flickr

November 15, 2016

Upper West Side buildings to dump Trump name following petition

“The building is beautiful, the service is impeccable,” Marjorie Jacobs, a resident of the Upper West Side complex currently known as Trump Place told Bloomberg in October, “But the name is very embarrassing." An outcry by similarly-minded residents and a petition have culminated in the decision to remove the president-elect's name from the buildings and instead name them according to their street addresses at 140, 160 and 180 Riverside Boulevard, reports Crains.
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Real Estate Trends

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November 15, 2016

Officials contemplate 5th Avenue shutdown whenever Donald Trump is in town

If you thought it was inconvenient whenever President Obama came to town, under a Trump presidency, things are going to get much worse. The Daily News reports that law enforcement officials are mulling a shutdown of 5th Avenue whenever the president-elect decides to stay in his penthouse in Trump Tower. As many know, the area is one of the busiest commercial hubs in the Manhattan, a mix of mid- and high-end retailers, paying top rents and pulling in millions of tourists annually. Moreover, it is also home to thousands of New Yorkers, a handful of which who live in Trump Tower and are already fed up with the disturbances that have emerged as of late. Immediately after the 2016 election results were announced, Trump Tower was swarmed by protestors—and guards wielding heavy ammunition.
what this could mean here

#NotMyAIA: Architects reject AIA statement pledging to ‘work with’ Trump

Promises and reality: Trump’s failed attempts to build the world’s tallest buildings in NYC

November 15, 2016

#NotMyAIA: Architects reject AIA statement pledging to ‘work with’ Trump

. The American Institute of Architects (AIA) issued a statement last Wednesday pledging that "The AIA and its 89,000 members are committed to working with president-elect Trump to address the issues our country faces, particularly strengthening the nation's aging infrastructure." The statement issued by organization chief Robert Ivy assured that the country's architects would help the incoming president and congress with construction industry-related matters: "During the campaign, president-elect Trump called for committing at least $500 billion to infrastructure spending over five years,” said Ivy–possibly providing an imperative for the message. But that does not appear to be reason enough for members, who say they do not necessarily "stand ready to work with him and with the incoming 115th Congress.” A swift and indignant backlash led to an apology by Ivy released early this week.
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Trump hopes to spend weekends in NYC at Trump Tower during presidency

Interior image Refinery29

November 14, 2016

Trump hopes to spend weekends in NYC at Trump Tower during presidency

It appears that Donald Trump missed the memo that being President is a round-the-clock job, not a 9-5 gig. As the Times reports, the president-elect has been asking aides how many nights he'll have to pass in D.C., and whether or not he'll be able to stay in his 5th Avenue penthouse on weekends. "He has told them he would like to do what he is used to, which is spending time in New York when he can," writes the paper. During the campaign, Trump would often forgo local hotels, opting instead to fly to NYC late at night just so he could sleep in his own bed.
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Trump Tower residents are sick of protestors; problem unlikely to improve

Photo via Kristal T/Flickr

November 11, 2016

Trump Tower residents are sick of protestors; problem unlikely to improve

Since Donald Trump announced his run for office, Trump Tower, where the President-elect both lives and keeps his political headquarters, has been a hotspot for protestors. While in the past few months, inconveniences haven't escalated far beyond anti-Trumpers stopping by to give the building the finger, after the 2016 election results were announced, it's become veritable zoo outside the 5th Avenue tower as thousands have convened to denounce (and to be sure, support) a Trump presidency. The situation has become a major disruption for residents of the luxury skyscraper who are now annoyed with the crowds. As The Post so fittingly writes, "It’s not so easy being a member of the 1 percent if you live at Trump Tower."
more on the complaints here

November 11, 2016

Headed for auction, Trump’s childhood home could fetch Queens couple $10M

A divorcing couple in Jamaica Estates, Queens just got something new to fight over: proceeds from the sale of their relatively modest six-bedroom Tudor home at 85-15 Wareham Place, which will head for the auction block in the first week in December. The house, which the estranged couple tried to sell for $1.65 million, chopped to $1.2 million, then pulled from the market, just happens to be where President Elect Donald Trump spent his terrible twos, and is expected to fetch at least 10 times that ask at auction, according to the New York Post.
A rising Trump floats at least one boat

Subway Therapy let thousands of New Yorkers leave their election grief on Post-it notes

Photo via office of Governor Cuomo

November 10, 2016

Subway Therapy let thousands of New Yorkers leave their election grief on Post-it notes

In addition to last night's anti-Trump rallies, the 14th Street-6th/7th Avenue subway tunnel was transformed into a post-election grieving center of sorts. Here, the artist Levee installed a temporary art installation called Subway Therapy that was a colorful collection of thousands of Post-it notes on the wall where people wrote in their feelings. "Because of how stressful the last couple of days were, I thought it would be nice to have something that people could do really quickly so they could maybe get something off their chest," Levee told ABC7.
See more photos of the installation

November 10, 2016

Real estate industry likely to benefit from a Trump presidency