WATCH: TRD discusses ruling that condo owners can remove Trump name

Condos at buildings with president's name have been selling for less than comparable units

TRD New York /
May.May 04, 2018 11:15 AM

The Real Deal’s digital editorial director Hiten Samtani appeared on Fox 5 Thursday to discuss a judge’s recent ruling that residents of Trump Place at 200 Riverside Boulevard can vote to remove the president’s name from their building.

Condominiums at buildings branded with the Trump name have been selling for 6.6 percent less than other similar properties, according to Fox, and Samtani said this did not surprise him, given all the controversies surrounding Donald Trump.

“Now, when you associate Trump with a lot of other things that are not to do with luxury—there’s an investigation going on, there’s a lot of political divisiveness associated with his name—that kind of thing can actually impact prices negatively,” he said.

Residents of the condo went to court requesting a judgement on whether they could remove the Trump name from the building after Trump Organization attorney Marc Kasowitz sent a letter to the board threatening them with legal action if they did so. Judge Eileen Bransten ruled in favor of the tenants, determining that the property’s licensing agreement did not mean that residents had to use Trump’s name.

A Trump Organization spokesperson told TRD that Bransten’s decision had “no precedent in New York” and that they are “confident that the appeals court will conclude otherwise.”

Watch the full Fox segment above. – Eddie Small


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory

Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month
Donald Trump with 40 Wall Street, 725 Fifth Avenue and 1290 Sixth Avenue (Getty, Wikipedia, Trump Organization, Vornado)

Trump’s fortune erodes with commercial property decline

Trump’s fortune erodes with commercial property decline
(iStock)

Manhattan co-op sales prices saw 11% drop in Q2

Manhattan co-op sales prices saw 11% drop in Q2
(iStock)

Manhattan vacancy hits new peak; Brooklyn stable

Manhattan vacancy hits new peak; Brooklyn stable
Donald Trump (Getty, iStock)

Federal aid dries up and eviction bans loom over landlords

Federal aid dries up and eviction bans loom over landlords
From left: Donald Trump (pictured in the 1980s), Steve Ross, Charles Kushner, Harry Macklowe with (inset) Hiten Samtani and Charles Bagli (Getty, Sasha Maslov)

Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz

Scoundrels of the skyline: Charles Bagli on the most colorful characters in the real estate biz
Manhattan District Attorney Cyrus Vance and President Donald Trump (Getty, iStock)

Trump lawyers, resisting subpoena, demand more details of Manhattan DA inquiry

Trump lawyers, resisting subpoena, demand more details of Manhattan DA inquiry
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...