"Trump's $355M Fraud Fine Sparks NYC Skyscraper Sale and Investor Boycott"

TL;DR Summary
Donald Trump faces a $355 million court-ordered penalty for inflating his net worth, and his 30% stake in the NYC office building at 1290 Sixth Avenue could be his ticket to pay it off. The building, not bearing his name, could be worth $600 million before debt, and selling it to Vornado Realty Trust, the majority owner, seems plausible. His other asset, 40 Wall Street, is in need of significant upgrades and may fetch between $250 million and $300 million. However, his Manhattan assets are not as extensive as commonly believed, with most of his "empire" consisting of individual condo units and retail spaces.
Topics:top-news#business#court-penalties#donald-trump#new-york-city#real-estate#vornado-realty-trust
- The NYC skyscraper Trump could dump to pay off $355M fraud fine — and it doesn't even bear his name New York Post
- Kevin O’Leary says he will no longer invest in ‘loser’ New York after Trump verdict The Hill
- Good and Bad Critiques of the Trump Civil Fraud Verdict Cato Institute
- MAGA Truckers Plan To Boycott New York City Over Donald Trump's $355M Fine Yahoo Entertainment
- Trump’s trial calendar becomes clearer – as do his delay tactics The Guardian US
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