Image courtesy of Paramount Realty USA
The boyhood Queens home of President Donald Trump was slated for an auction this month after failing once again to secure a buyer. But the auction, scheduled for November 14, never happened as no qualified bids came forward, the New York Post reported. Most recently listed for $2.9 million, the five-bedroom Tudor-style home at 85-15 Wareham Place has been on the market three times since 2016, with a short stint on the rental market.
Photo by Krystal T via Flickr
Living under the shadow of having President Trump as an occasional neighbor–and as a sign on the front of your building–doesn’t do much for condo property values in midtown Manhattan, if commercial leasing and residential sales at Trump Tower are any indication. CityRealty reports that vacancies persist in the commercial podium of 721 Fifth Avenue, and residential condo sales in the mixed-use tower have yet to recover from recent stagnation: Almost one half of the units up for sale have cut their initial asking prices, and all but two of the 11 condos whose sales closed this year have sold at an often-considerable–more than 10 percent–discount.
More on the Trump slump
Photo by subherwal on Flickr
As New York City’s many ice skating rinks start to open this month for the season, two Central Park arenas will debut a slightly updated look. The Trump Organization has removed President Donald Trump’s name from Wollman Rink and Lasker Rink, marking the first time the business has voluntarily distanced itself from its owner, according to the Washington Post. City officials told the newspaper that the president’s company informed them about the plan to remove the signage this past summer but provided no reason behind the change.
, Tue, September 17, 2019
Images courtesy of Paramount Realty USA
President Donald Trump’s boyhood home in Jamacia Estates is headed to auction after spending 19 days on the market last February for $2.9 million, the New York Times reports. The home is no longer owned by Trump or his organization; the current owner bought the property in 2017 for $2.14 million anonymously via Trump Birth House LLC. The unassuming five-bedroom Tudor has since been used as an Airbnb rental, and it was briefly rented by refugees via anti-poverty organization Oxfam to bring attention to the refugee crisis during the 2017 UN General Assembly.
It’s not about real estate
, Thu, September 12, 2019
Photo by Loozrboy on Flickr
The condo board of the glass tower at One Central Park West on Tuesday voted unanimously to retain the Trump name on the signage at the front of the building, the New York Post reports. However, the word “tower” will be removed from the marquee over the front entrance, to be replaced with the building’s address. As 6sqft previously reported, as part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization was reconsidering its heavily-branded signage, and some building owners say Trump’s polarizing presidency is depreciating the value of their investments.
A compromise of sorts
Photo via jseliger2 on Flickr
President Donald Trump offered to help complete the second phase of the Second Avenue Subway in a tweet on Saturday, surprising New York officials who said no agreement had been reached. The Metropolitan Transportation Authority is still seeking federal funding for phase two, which extends the Q line from its terminus at 96th Street north to 125th Street in East Harlem and is estimated to cost $6 billion.
Image via Flickr
As part of a larger renovation of the Trump International Hotel and Tower in Columbus Circle, the Trump Organization is expected to reconsider its heavily-branded signage, the New York Times reports. The president’s eldest son, Donald Trump Jr., has proposed a compromise to appease building owners who say Trump’s polarizing presidency is depreciating the value of their investments without losing the Trump branding entirely.
An online petition to rename a stretch of Fifth Avenue in front of Trump Tower after former President Barack Obama has taken off in the last week, garnering over 275,000 signatures as of Thursday morning. The appeal, written by Elizabeth Rowin from Los Angeles, asks city officials to change the name of Fifth Avenue between 56th and 57th Avenues to “President Barack H. Obama Avenue.”
A new address for Trump Tower?
29 Howard Street via Google Street View
The federal government is selling former Donald Trump campaign manager Paul Manafort’s Soho apartment for $3.663 million. As first reported by the New York Post, the loft at 29 Howard Street is one of five properties in New York City seized by the government after Manafort pleaded guilty to conspiracy charges last September. The listing, posted by the United States Marshals, describes the pad as being a “classic full-floor Soho loft” with “remarkable open sky and city views.”
Get the details
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During a rally at Trump Tower yesterday, Mayor Bill de Blasio put the Trump Organization on blast as he promoted the city’s Green New Deal. Under the new climate change legislation, which requires large buildings in New York City to dramatically cut their greenhouse gas emissions, eight Trump-owned properties, referred to as “dirty, inefficient buildings,” would cause the Organization to owe roughly $2.1 million in fines annually beginning in 2030. The 27,000 metric tons of greenhouse gasses that these buildings pump out each year is equal to 5,800 cars. After being passed by the New York City Council on April 18, the law is slated to go into effect on May 17.