Donald Trump's Manhattan buildings have lost half their value - Business Insider

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Prices at Trump's NYC buildings have plummeted in the latest sign that his name is 'radioactive'

Trump-branded Manhattan buildings have lost half their value since he first took office. "The Trump name is probably pretty radioactive right now," realtor Mark Cohen told Insider.After a tumultuous one-term presidency, a violent insurrection by supporters, and a retirement to Florida, the Trump name has attracted some negative connotations.

In 2016, the average price per square foot in NYC properties run by his real-estate behemoth, the Trump Organization, was $3,346, according to the report. In 2017, following Trump's election and inauguration, that figure sunk to $1,903; by 2020, it was at $1,619. That's a drop of 51% from its 2016 price.

Trump Tower, at 721-725 Fifth Ave., is a gilded condos-and-commercial building that includes Trump's own offices and ornate triplex penthouse. His other residential buildings in New York City include Trump International Hotel & Tower on Columbus Circle, Trump Parc and Trump Parc East on Central Park South, the Trump Park Avenue at 502 Park Ave. and Trump Palace at 200 East 69th St. on the Upper East Side, and Trump World Tower at 327 East 47th St. near the United Nations.

 

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Lol

Yup ... the vast majority of his supporters couldn’t afford to stay in one of his properties... so they cannot help him

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