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Here are 13 Trump properties that NY AG Letitia James can go after if he doesn't pay up

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From a gold-plated penthouse to a historic Westchester estate, AG Letitia James can find the money.

Trump at Trump Palace
Trump stood at the 55-story Trump Palace, at 69th Street, between Second and Third Avenue, In 1990.
  • A March 25 deadline looms for Trump to pay his NY fraud judgment, now totaling more than $457M. 
  • NY Attorney General Letitia James can seek the sale of Trump properties if he fails to pay. 
  • Take a look at Trump's extensive real estate portfolio across Manhattan and Westchester County. 

In February, a Manhattan judge issued a $454 million judgment against Donald Trump — the civil penalty for a decade of fraudulent financial filings. The debt keeps growing, rising by $1 million in additional interest every nine days.

By March 25, Trump must pay New York what he owes, show he's secured an appeal bond, or declare bankruptcy. If he fails to do any of these three things, Trump's cash can be seized, and county sheriff's departments can auction off his real-estate stakes and physical properties, beginning with those in New York state.

Here are the properties Trump could lose in a sheriff's sale.

Seven Springs
Aerial view of the Seven Springs mansion
Trump's Seven Springs estate is one of the largest privately-owned properties in Westchester County, according to the Trump Organization website.

On March 6, state Attorney General Letitia James registered the civil judgment in the county of Westchester, according to Bloomberg, allowing her to seek the county sheriff's sale of two properties Trump owns there.

One of those properties is Seven Springs, built in 1919 for the publisher of the Washington Post. At more than 200 acres, it is the largest privately-owned property in Westchester County, according to the Trump Organization's website. Trump purchased the estate in 1996.

No one is known to live at the property currently, making seizing the it easier. Its net worth is $25 million, according to Forbes. Trump fraudulently claimed the estate was worth $291 million in financial filings from 2012, 2013 and 2014, the judge in the civil fraud case found.

Westchester Golf Club
donald trump westchester golf club
A view of the clubhouse at the Trump National Golf Club Westchester in Briarcliff Manor, New York.

A golf club may be harder to turn into cash, but James could conceivably convert either the golf club or the Seven Springs estate into publicly owned parks.

The club has been assessed locally at $15 million, but in seeking to lower his property taxes, Trump has claimed the club is worth as little as $1.4 million, according to the New York Times.

40 Wall Street
A crowd of New Yorkers walk past the gray facade of 40 Wall Street where "The Trump Building" is spelled out in gold letters
Trump owns a ground lease with a net value of $80 million at 40 Wall Street, also known as The Trump Building.

James can see the north face of this 70-story Financial District skyscraper — also known as The Trump Building, as the gold lettering reads on its facade — from her offices a block away.

So it was no surprise she made specific mention of the building when she told ABC in February that she would seize Trump's assets if he defaulted.

"We are prepared to make sure that the judgment is paid to New Yorkers, and yes, I look at 40 Wall Street each and every day."

Trump does not own the building outright. Instead, he owns what's known as a ground lease, which has allowed him to develop the property and collect commercial rents. The ground lease has a net worth of $80 million, according to Forbes.

Trump Tower Triplex Apartment
Trump penthouse
President Donald J. Trump and Prime Minister Shinzo Abe of Japan shake hands.

This is the GOP frontrunner's Manhattan home, towering above Fifth Avenue in Midtown. Trump claims his penthouse is on the 66th through 68th floors – but the tower only has 58 floors. Trump has fraudulently claimed the penthouse is worth as much as $327 million. New York officials said he more than tripled its actual worth, which Forbes now sets at a far more conservative $52 million.

Trump Tower Commercial Space
A man holds a "Trump 2024" flag in front of the gold-plated glass facade of the Trump Tower lobby
Trump Tower opened in 1983.

Trump does not own the building outright, which is filled with luxury residential condominiums and office and retail space. Forbes estimates the net value of Trump's office and retail holdings at $56 million.

1290 Avenue of the Americas
1290 avenue of the americas vornado
The entrance to 1290 Avenue of the Americas.

Trump owns a 30 percent stake in this Midtown skyscraper, at a net value of $287 million, according to Forbes.

Trump World Tower
Skyline including the Trump World Tower, the Chrysler Building, and the Empire State Building
Trump World Tower is located steps away from the United Nations.

Trump's commercial, garage, and residential holdings have a net worth of $19 million, according to Forbes.

Trump Park Avenue
Trump Park Avenue facade faces a busy New York City street
Trump Park Avenue is 32-stories high.

Trump owns 17 condos and some retail space worth $101 million, according to Forbes. Trump has fraudulently claimed his interests in the property were worth as much as $350 million.

Formerly the Hotel Delmonico, Trump Park Avenue is where Bob Dylan met The Beatles for the first time, according to the Guardian.

6 East 57th Street
E. 57th Street
When a fire broke out at Tiffany's flagship store, the jewelry store was relocated to Trump's property at 6 East 57th Street.

Trump owns two retail leases with a net value of $99M, according to Forbes.

Trump Plaza
The gold-plated entrance of the Trump Plaza looking upwards to the 36-story skyline
The Trump Plaza on the Upper East Side opened in 1984.

Trump's net holdings in this eponymously-branded building are actually limited to co-op units and retail and garage space with a net worth of $18 million, Forbes estimates.

Trump Parc
The gold-roofed skyline of the Trump Parc building
The Trump Parc is located on the Macy's Thanksgiving Day Parade route.

Forbes sets the net worth of Trump's condo, garage and retail holdings at $28 million.

Trump International Hotel & Tower
A silver globe fixture rests in front of the Trump International Hotel & Tower skyline
Trump International Hotel & Tower is located in Columbus Circle on the southwest edge of Central Park.

Trump's retail, garage and residential holdings have a net worth of $4 million, according to Forbes.

Trump Palace
A 1990's photograph of Donald Trump showing off an all-white kitchen in the new Trump Palace apartments.
Donald Trump shows off a kitchen in his then-new apartment building, Trump Palace in June of 1991.

Trump has a very limited interest in this Upper East Side, Manhattan, apartment complex. Forbes sets the net worth of his storage unit holdings at $1 million.

Read the original article on Business Insider





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