| | | That depends on if you believe Forbes figures are not just wild ass guesses.
Forbes had Mar-a-lago valued at 292 million. With 33 million estimated debt.
New York Supreme Court Judge Arthur Engoron’s Sept. 26 ruling stated that from 2011 to 2021, the Palm Beach County property appraiser determined Mar-a-Lago’s value was "between $18 million and $27.6 million." But Trump’s statements of financial condition presented to investors stated that it was worth between $426 million and $612 million, "an overvaluation of at least 2,300%" Engoron wrote.
So there goes a chunk. <G>
And the list goes on.
Trump Tower Triplex, ManhattanWalls coated in gold and marble, Trump's 10,996 square foot penthouse apartment in his namesake skyscraper in New York City is where he spent election night in 2016, watching the results come in as he was crowned the 45th U.S. president.
According to the court order, Trump claimed that the triplex was 30,000 square feet and had overvalued it "by a factor of three" at $327 million. Engoron sided with New York Attorney Letitia James that the property had been overvalued by between $114-$2017 million.
"If the area is rounded or oddly shaped, it is possible measurements of square footage could come to slightly differing results due to user error," he wrote. "Good-faith measurements would vary by as much as 10-20 percent, not 200 percent."
Originally built as a hotel, the residential building near Trump Tower and Central Park in New York City contains 120 luxury flats and eight penthouse apartments. Engoron said that between 2011 and 2021,
several of its apartments were subject to rent restrictions under city law.
As of 2020, six units remained under rent restrictions, giving them a combined value of $22.8 million, but the judge wrote that between 2014 and 2021, the Trump Organization had treated them as if the rent restrictions did not apply to them, "inflating the value of each unit between as much as 700 percent (in 2014) and 64 percent (in 2021)."
Seven Springs Estate, New YorkThe Seven Springs Estate is 200 acres of contiguous land in the towns of Bedford, New Castle, and North Castle in the area of New York immediately north of New York City.
"Notwithstanding received market values from professional appraisals in 2000, 2006, 2012 and 2014 valuing Seven Springs at or below $30 million, Donald Trump's 2011 [Statements of Financial Condition] reported the value to be $261 million, and his 2012, 2013 and 2014 SFC's reported the value to be $291 million," Engoron said.
See some more here.
https://www.newsweek.com/donald-trump-properties-list-new-york-fraud-lawsuit-1830237 |
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