Properties Donald Trump owns in New York

Trump Properties

The name Donald Trump means a lot of things most of them not particularly good-to a lot of people, but now, it will forever be enmeshed with the country’s highest office. And though Trump has said that he will step back from day-to-day operations of his eponymous real estate company while he holds the office of President, the Trump Organization still owns properties in 19 cities across the globe. New York, of course, is where he is most prominent, with no less than nine properties in his name (typically in large, gaudy, gold letters). With that in mind, let’s take a look at the buildings owned by Trump in his home state.

Trump, during his life, invested a lot into different projects, business, properties, seeing an opportunity everywhere. Many investors consider real estate market as the least risky investment among all the other options. But let’s consider Trump’s investment in the New York’s property market, as it worth 1.6 billion dollars and significantly adorns streets of the New York City.

 40 Wall Street

Real estate in downtown Manhattan is experiencing something of a resurgence, helping drive up the value of the iconic tower in the city’s financial district. Trump has leased office space in the building that once belonged to Philippines’ authoritarian dictator Ferdinand Marcos to several fraudsters, an elementary school, and Trump University. Total value – $545 million.

1290 Avenue of Americas

Trump has a stake in Manhattan skyscraper that is five blocks south and one block west of Trump Tower, but he has no control over the building, which has also been hit by lower property values in the neighborhood. It is managed by billionaire Steve Roth, CEO of Vornado Realty Trust, who served on the Trump campaign’s economic advisory council. Total value – $2.1 billion.

Trump Tower

One of the most famous buildings on the planet thanks to the presidential campaign, Trump Tower has been hit by weaker real estate values in the neighborhood. While its main retail tenant, Gucci, won’t comment on the election’s impact on business, next-door neighbor Tiffany’s said that ”postelection traffic disruption” contributed to a 14% drop in holiday sales in 2016. Total value – $353 million.

Trump’s Niketown

Long the sole tenant at 6 East 57th Street in New York City, Nike signed a 15-year, $700 million leases in late 2016 for a nearby space, stoking rumors that it will vacate this Trump property. Nike is staying put for now. ”We are in a multiyear-lease agreement for our Niketown New York location that does not end for several years,” a Nike spokesman said. Total value – $253 million.

Trump Park Avenue

This skyscraper hotel converted to a residential condominium and it is located on the southern border of Lenox Hill at 502 Park Avenue Manhattan. It contains 120 luxury apartments and 8 penthouses. It was built in 1929 and it was designed by Goldner and Goldner. Total value – $180 million.

Trump Parc East

Parc East are two adjoining buildings owned by The Trump organization in Central Park South. It is a 14-story apartment/condominium building in the art-deco style. During the World War 2, the top of the building was altered to its present form with a stylish design. Total value – $47 million

Trump International Hotel & Tower New York

High-rise building, located at 1 Central Park West on Columbus Circle between Broadway and Central Park. The building is 583 feet tall. The building was originally the Gulf and Western Building, designed by Thomas E. Stanley and built in 1969. The tower was designed for office use and was built in isolation, away from other high-rise buildings. Because of this, the building would slightly sway during strong winds, a minor inconvenience that did not exist for buildings built close to each other. Total value – $39 million.

Trump Plaza

36-story cooperative apartment and a retail building designed by Philip Birnbaum. Construction began in 1982, and Donal Trump negotiated a 40-year deal with the owner of the land in which the building would pay an annual rent of approximately $1.2 million. Total value – $45 million.

Trump World Tower

World Tower was designed by the architect Costas Kondylis, the building is 262 meters high and has 72 constructed floors. The resulting large windows of the East River and Midtown Manhattan. The building is constructed of concrete to improve its wind resistance. Total value – $23 million.

Spring Creek Towers

After months of criticism from congressional Democrats who complained that Trump’s longtime stake in a federally supported project created a conflict of interest, Trump is cashing out of America’s largest federally subsidized housing complex. Trump and his partners agreed to sell the whole complex for $850 million in September and are now awaiting approval from the U.S. Department of Housing & Urban Development. The sale price is below what analysts expected. Trump’s take an estimated $18 million for his roughly 4%.

Written by: Mark Daniel Zalomajev