![]() The estate spans 212 acres across the towns of Bedford, North Castle and New Castle in New York. He purchased this estate, which consists of two large homes, undeveloped land, and a few other buildings, in 1995 for a total of $7.5m. Trump gave the units a $50m valuation in 2012, but, due to rent-pricing regulations that Ms James said he failed to take into account, they were actually meant to be valued collectively at just $750,000. Ms James said the values of the unsold residential units were "false and misleading" because they ignored legal restrictions that would decrease property values. ![]() Trump's valuations, which ranged from $90.9m and $350m between 20, only related to the commercial space and unsold residential units that he owns. The building near Central Park houses over 120 luxury apartments. The company claimed the tower was around $796.4m in 2016 - a valuation Ms James said could have been inflated by up to $473.9m. The 72-storey building was completed in 1930 and bought by the Trump Organization 25 years later. The prosecutor labelled that valuation as "absurd", and the court ruled Trump had reached that figure by pretending the property was three times bigger than its actual size. That's his valuation of the three-storey penthouse as of 2021 - but in 20, he had it at $327m. ![]() Ms James said the Trump Organization used tactics such as inflating income figures and adding favourable numbers from its projections in order to reach such high valuations. It's been the headquarters of the Trump Organization since it opened in 1983 and has been a mainstay for Trump himself and some of his family members. Trump owns the commercial space in the iconic 58-storey building.
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