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

Hamptons’ priciest summer rental to host MAGA extravaganza next month

Hamptons’ priciest summer rental to host MAGA extravaganza next month

The penthouse at 15 Union Square West and 121 East 22nd Street (Credit: StreetEasy)

Luxury market checks off another disappointing week of sales

Donald Trump golf club sued over treatment of workers in Rancho Palos Verdes (Credit: Getty Images, iStock)

Trump’s LA golf club accused of violating workers’ rights

Clockwise from top left: 522 West 29th Street, 40 East 75th Street (center), 820 Fifth Avenue, 54 Thompson Street and 220 Central Park South 

These were the five priciest residential listings in NYC last week

Faith Hope Consolo (Credit: Getty Images)

Faith Hope Consolo’s secret family probes her will

William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

From left: Bruce Molser, David Schechtman, Bob Knakal, David Greenbaum, and Judi Pulice

New York’s real estate bigwigs offer predictions for 2020

arrow_forward_ios
Loading...