The Real Deal New York

Sasha (left) and Malia ObamaFrom the February issue: President Obama’s daughters, Sasha and Malia, aren’t exactly big New York City real estate players. At ages 9 and 12, respectively, it’s safe to say that they’re more concerned with living in the White House and doing their homework than a routine building sale in Brooklyn. So why are they alluded to in an otherwise dry real estate contract between an affiliate of Midtown Equities and a bankrupt developer for a stalled Williamsburg site? The document mentions the president’s “last surviving child” in connection with the maximum amount of time one of the contract provisions will be valid. And it not only mentions his kids; it uses one of their deaths as a benchmark of time. “The rights herein shall survive for 21 years following the death of the last surviving child of President Barack Obama,” the papers, which were filed in October, say. [more]