Donald Trump Eat Your Heart Out-- this could have been your building...

[TreasonousBastard]

https://www.nytimes.com/2021/07/02/realestate/one-buyer-takes-two-full-floor-apartments-at-220-central-park-south.html

The Central Park South condominium is the city’s most expensive residential building, and arguably the world’s most profitable. Sales have topped $2.86 billion as of April 2021, according to the latest financial statement from the developer, Vornado Realty Trust, and 91 percent of the units have been sold. This includes the nation’s highest-priced single residence: four full floors bought by the hedge fund manager Kenneth C. Griffin in early 2019 for nearly $240 million.

I'm not looking up the full history of this property, but Trump did attempt at one point try to by all of Central Park South in the early 90's, and this may have been one of the properties he actually got his hands on. Before he lost it all in 1992 in what may have been the biggest real estate failure and bankruptcy in NYC history.

About Vornado, btw-- it has been dealing with Trump over the years, and it seems to be a bit of a problem. From an article this February...

https://www.nbcnews.com/news/us-news/trump-s-businesses-struggle-most-profitable-asset-his-real-estate-n1257456

The partnership owns two first-class commercial buildings — one on Sixth Avenue in New York City and the other in downtown San Francisco — and it is the single most profitable asset in the Trump empire. The Trump Organization owns a 30 percent stake in the buildings, while its partner, Vornado Realty Trust, a huge public real estate concern in New York City, owns 70 percent.

But now Steven Roth, Vornado's powerful founder and chairman, is considering whether to withhold the partnership's cash flows from Trump, said a person familiar with the matter. Such a move would slash the Trump Organization's cash receipts, and it could force Trump to sell his stake back to Vornado at a discount, leaving him with a smaller gain and eliminating a crucial source of cash.

[secondwind]

1. Do it, Steve! Do it!

[COL Mustard]

2. Schadenfreude.....

A beautiful concept.

[captain queeg]

3. I imagine that while president he managed to alienate and piss off any wealthy people who had to

deal with him, exchanging his “high class” connections for the hillbilly trucker crowd. That must eat him up. Instead of tooling around NY City in a limo he’s go pickups and RVs lined up to see him.

[cstanleytech]

4. Then again alot of those people in the RV's and pickups are just as big of pieces of shit as Trump

so he might be enjoying the attention from them.
After all shit does tend to clump together.

[EYESORE 9001]

5. To be fair

there’s also no shortage of POS riding in limos either. They’re just POS at a higher level of income and wealth.

[A HERETIC I AM]

6. Vornado is a publicly traded REIT (VNO)

REIT = Real Estate Investment Trust, basically a holder of properties that produce income, and that income is distributed to shareholders.


https://finance.yahoo.com/quote/VNO?p=VNO&.tsrc=fin-srch-v1


In case anyone gives a crap.