One owner may have set fire to his unsalable apartment and died in it.Property values of condominiums in New York City's Trump Tower are dropping faster than comparable luxury high rises in Manhattan, real estate brokers say.
Prices within the Midtown East Side skyscraper have plummeted by nearly 30 percent per square foot since 2015, while Trump Tower's competitors in the neighborhood have seen an average of an 8 percent drop in property value, Reuters reports.
Numerous Trump Tower residents have had trouble selling their apartments in a market that has soured on the Trump brand. A Manhattan real estate broker told Reuters that the 22 units at the tower currently up for sale is nearly twice as many as in 2015.
The Hill
Is that where the Saudis stay when they come to town?Trump, a native New Yorker, remains widely unpopular in the deep-blue city, which voted overwhelmingly for his Democratic opponent Hillary Clinton in 2016.
Another issue for residents is the high level of security for the building that includes the president's New York City residence as well as his business headquarters.
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While the New York property has struggled in the market, the Trump International Hotel in Washington, D.C., just blocks from the White House, has surpassed profit projections since Trump took office.
...but hey, do what you want...you will anyway.
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