"Condo Owners in New York Bear Cost of Trump Brand"

1 min read
Source: The New York Times
"Condo Owners in New York Bear Cost of Trump Brand"
Photo: The New York Times
TL;DR Summary

Condominiums in high-rise buildings bearing the Trump name in Manhattan have seen a decline in value since 2016, with sales data showing a shift from a 1 percent premium to a 4 percent decrease in average price per square foot compared to similar units. This analysis comes in the wake of a lawsuit in which a judge ruled that Donald Trump fraudulently inflated the value of his real estate holdings, ordering him to pay a penalty exceeding $450 million.

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