As 6sqft previously reported, Ms. Trump and husband Jared Kushner, now senior adviser to President Donald Trump, first listed their apartment at 502 Park Avenue for $4.1 million in December; Ivanka purchased the home for $1.52 million in 2004. The classic and somewhat girly Park Avenue pad with Tiffany-box blue walls has also been on the rental market, first at $15K and, as Mansion Global reports, just reduced to $13,000 a month. Ivanka also owns one of the building’s penthouses–it’s the Trump/Kushner family’s main home when they’re in town– that she bought for $16 million nearly six years ago.
Ivanka Trump’s Park Avenue starter pad, still without a buyer, gets a rental price chop to $13K a month, Fri, February 24, 2017
Even the city’s most public places conceal secrets paved over by the years, some more hidden than others. Grand Central Station is no exception despite the 750,000 or so people who make their way through its halls each day. You may already know of the terminal’s secret train track and whispering walls, but did you know that there are tennis courts in Grand Central? Once an exclusive club run by Donald Trump, the courts are now open to the public—and you can reserve a court at midnight.
The line separating Trump’s personal business interests and his role as President of the United States continues to blur, as the Washington Post reports today that the Pentagon may lease “a limited amount of space” in Trump Tower. In doing so, the U.S. Defense Department says it will be able to better protect Trump’s family, as Melania and Barron have decided to remain in the couple’s gilded Trump Tower penthouse, and Donald himself when he is town. The move, however, has one major and obvious sticking point: rent on the space would need to be paid to the Trump Organization—and taxpayer dollars would be used to foot the bill.
In the state’s capital on Monday, Mayor de Blasio spoke in defense of various policies including NYC’s “sanctuary city” designation, WNYC reports. The mayor was in Albany to ask state legislators for funding for items like education, public health and affordable housing. In the face of criticism from Staten Island assembly members Nicole Malliotakis and Ron Castorina (both Republicans), who questioned the mayor’s pledge not to aid in the mass deportation of undocumented immigrants by the new administration, de Blasio said he had discussed the issue with then-President-elect Trump, and would continue to resist mass deportation for “moral, economic and security reasons.” Though Castorina said de Blasio would be risking the loss of billions of dollars in federal aid, the mayor said the money withheld by the federal government would only be $100-150 million and that his legal advisers say the city could fight back in court.
Going, going, gone… Today reports that Donald Trump’s childhood home has traded hands once again, officially selling at auction last week to an undisclosed buyer for an undisclosed amount. As 6sqft previously reported, the Jamaica, Queens house was purchased by Manhattan real estate developer Michael Davis for $1.4 million in January from a couple who had owned the Trump memento since 2008 (they shelled out just $782,500). Davis’ intent from the outset was to flip the property for a hefty return, and while no auction price has been revealed, early estimates projected a closing figure of around $10 million—much thanks to the Donald’s presidential win (Trump himself even joked about buying it on the Tonight Show). New photos from the auction also give us additional views into the modest Tudor abode.
Reporters at McClatchy obtained documents that the Trump transition team provided to the National Governor’s Association detailing 50 projects across the country that would take priority under the President’s proposed $1 trillion infrastructure plan, and among them are two NYC-based projects. The Gateway Project, which would repair the aging and Sandy-damaged Hudson River rail tunnels and build a new one, would cost $12 billion and create 34,000 jobs. Phases two and three of the Second Avenue Subway would cost $14.2 billion and create 16,000 direct jobs.
It appears the Secret Service and NYPD are indeed taking measures to minimize the disruption caused by Melania and Barron staying put in NYC. TMZ writes that instead of implementing full street closures any time the young Trump moves to and from school, streets will be blocked off in a rolling pattern to accommodate the boy’s armed motorcade.
As Washington, D.C. attempts to rein in the crowds on this Inauguration Day, New Yorkers can be thankful someone else is dealing with the traffic snarls for a change. We’re guessing, though, that if Donald Trump had any say on the matter, New York City would be hosting the inauguration as it did for the nation’s first president in 1789.
Trump to name New York developers Richard LeFrak and Steven Roth to oversee new infrastructure council, Tue, January 17, 2017
President-elect Donald Trump has previously outlined his $1 trillion infrastructure plan not just as a means to repair and build bridges and roads, but as a real estate platform for private entities to build and subsequently own public works such as schools, hospitals, or energy pipeline expansions through $137 billion in tax credits. So it comes as no surprise that he’s tapped two of his longtime buddies and big-time New York real estate developers to head up the new council that will monitor this spending. The Wall Street Journal reports that Trump asked Richard LeFrak and Vornado’s Steven Roth to manage this council of 15 to 20 builders and engineers, referring to the men as “pros” because “…all their lives, they build. They build under-budget, ahead of schedule.”
President-elect Donald Trump’s decision to remain in his Manhattan HQ is causing concern among businesses in the area. Business leaders and local officials spoke out Tuesday at a City Council hearing on the threat that blocked sidewalks and traffic snarls are posing to jobs, tax revenues, tourist appeal and “global reputation,” reports Crain’s. Local merchants claim they’ve taken a significant hit, and that many are considering not renewing their leases or moving elsewhere. Fifth Avenue Business Improvement District president Tom Cusack estimated that local businesses have lost $40 million in revenue since Election Day due to the security maze that the area surrounding Trump Tower has become.
Reserving three of 5th Avenue’s five traffic lanes for pedestrians will ease the traffic paralysis that President-elect Donald Trump‘s continued residence in his 56th Street tower has caused, former NYC Department of Transportation Commissioner Janette Sadik-Khan argues. In an op-ed for the New York Times yesterday Sadik-Khan, a principal with Bloomberg Associates and a key player in the introduction of the Times Square Pedestrian Plaza, angled 5th Avenue’s traffic problem as a bipartisan issue that requires change to get better. With the President-elect saying he plans on visiting his Manhattan home frequently even once he has moved to the White House, it is clear New York will need to adapt or risk forever needing to budget an extra three hours to get through Midtown.
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.
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.
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.”
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.
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.
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.
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.
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.
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.