Trump Tower

Celebrities, Midtown, Policy, real estate trends

trump tower, nypd, trump tower security

Photo of Trump Tower courtesy of Krystal T’s Flickr

While this week marks just the third time President Donald Trump has visited New York City since his January inauguration, property taxes he filed after the election designate Trump Tower as his primary residence. As the Real Deal reported, Trump will save $45,000 by calling his penthouse his main home, utilizing a tax credit known as the “coop condo abatement.” The credit can be used by owner-occupied co-ops and condos and takes off 28.1 percent of property taxes for the unit. Because of the tax abatement, the president has saved a little under $200,000 on his taxes over the last five years.

More this way

Celebrities, Midtown

trump tower, nypd, trump tower security

Photo of Trump Tower via Krystal T’s Flickr

The Secret Service has left its central command post inside Trump Tower after an argument between the agency and the Trump Organization over the lease agreement for the space. While the Secret Service previously placed its supervisors and backup agents one floor below the president’s apartment, the Washington Post reported that in early July, the agents were relegated to a trailer on the sidewalk. Although President Trump has not been to his eponymous tower since he was inaugurated in January, the Secret Service still treats Trump Tower as the president’s permanent residence.

Find out more

Art, Celebrities

Donald Trump’s 2005 Manhattan skyline sketch with Trump Tower in the center. (Nate D. Sanders Auctions)

Update 7/28/17: Artnet reports that Trump’s doodle has sold at auction for $29,184. “It’s a piece of art from a U.S. President, so it’s attracted interest from not just Trump followers, but also presidential memorabilia collectors,” Michael Kirk of Nate D. Sanders auctioneers told the art site. “It’s received a lot of global press, so the interest level has been high. The piece has received some five times more than our normal auction traffic.”

A charity auction sketch made by future president Donald Trump in 2005 will be headed for the auction block once again, according to the Washington Post. The drawing shows the artist’s rendition of the Manhattan skyline with Trump Tower anchoring the center spot in a crowd of anonymous buildings.

What’s the starting bid?

Policy

airbnb, airbnb logo, short term rentals

While the state’s updated anti-Airbnb bill has now been in effect for three months, the city has issued fines on just 139 illegal listings, out of the nearly 24,000 that reportedly need to be investigated. The recently enacted legislation builds on the state’s 2010 law that makes it illegal to rent out an apartment for less than 30 days without the owner present. The new law goes further by making it illegal to advertise these short-term rentals through websites like Airbnb. As Crain’s explains, based on the number of listings on the company’s website, it would take the Mayor’s Office of Special Enforcement nearly 43 years to investigate all of them.

Find out more

City Living, Midtown, Policy

Congress agreed to a budget deal Sunday night that allocates money to pay New York City back for funds spent on protecting Trump Tower, reports the New York Daily News. The bipartisan agreement creates a $68 million “protection package,” which will reportedly be split with Florida, where Trump’s Palm Beach Mar-a-Lago mansion serves as his vacation home.

Find out more

Policy

With a federal budget proposal that strips significant funding to the Environmental Protection Agency, it’s not so shocking that President Trump and his son-in-law and close adviser, Jared Kushner, both own buildings that rank as the least energy-efficient in New York City. The Daily News shared a new report from ALIGN, a coalition of labor and environmental activists, which found that Trump Tower uses more energy than 93 percent of the city’s large residential buildings. Worse, the Trump Organization’s Mayfair condo uses more than 98 percent. The report also revealed that a Kushner Companies’ 666 Fifth Avenue (controversial for even more reasons as of late) uses more energy than 85 percent of large office buildings.

See the report here

Midtown, Policy

NYC may have to compete for Trump Tower security funds

By Devin Gannon, Fri, March 31, 2017

While the President has yet to visit Trump Tower since his inauguration, the price of protecting the First Lady and 10-year-old Barron costs the city an average of $136,000 per day, according to the NYPD. Congress offered only $7 million to reimburse the city for the $24 million the police department said they have spent protecting the building between the period of Trump’s election and his inauguration. However, as Crain’s learned, that payment is not guaranteed, and NYC may have to compete with New Jersey and Florida, both places the president frequents, for the money.

Find out more

City Living, Midtown

Jeffrey Beebe, BravinLee gallery, Trumpy the Rat

As a symbol of resistance to the Trump administration, Chelsea-based contemporary art gallery BravinLee created a Kickstarter to raise $10,000 for an inflatable, 15-foot rat sporting a comb-over and an ill-fitting suit (complete with an inflatable piece of scotch tape to ensure his tie won’t blow in the wind) that will be placed outside Trump Tower. As the A.V. Club learned, artist Jeffrey Beebe was inspired by Scabby the Rat, the inflatable rat that attends union strikes to signal unfair and unsafe practices by management. With the deadline to fund “Trumpy the Rat” set for April 19, the project has raked in just over $5,500.

Find out more here

Celebrities, Midtown

Although the President has not visited Trump Tower since his inauguration, the NYPD plans on increasing the number of officers who guard the tower after struggling with ways to effectively man the building. As reported by TMZ, the police department will choose between 30 and 40 full-time officers with “solid records” to work 12-hour shifts at the skyscraper.

Find out more here

Midtown

Not even a $500,000 a day security bill or threat of frequent evacuations could stop Airbnb from infiltrating Trump Tower. The Times found a listing on the rental site for an apartment in the Midtown fortress that had been available since at least September until they last week contacted Airbnb, at which time it was taken down. The $300-$450 a night rental didn’t explicitly state the address but was described as “the most secure and unique building” and asked that potential renters be “politically neutral” and not engage in political displays within the building. Despite these strange stipulations and the added nuisance of protestors and having to go through a Secret Service screening, the apartment is booked for most of the next few months, reviews are surprisingly positive, and it has a five-star rating.

But how did this all get past the secret service?

SIGN UP FOR OUR NEWSLETTERS

Thank you, your sign-up request was successful!
This email address is already subscribed, thank you!
Please provide a valid email address.
Please complete the CAPTCHA.
Oops. Something went wrong. Please try again later.