Manhattan is not a cheap place to live. That’s a bit of an understatement so let’s clarify. CNBC wrote a list of the 20 most expensive zip codes for renters in the U.S. 16 of them were in Manhattan. So it may come as no surprise when we discover just how much the U.S military is spending to have a residence at Trump Tower.
The most expensive residential rental in Manhattan in 2015 wasn’t at Trump Tower. It is located on 57th street on what is referred to as Billionaire’s Row. The 4,483 square foot apartment on the 65th floor of One57 rented out for a whopping $150,000 a month in 2015 and was the most expensive apartment in New York City. That lends us a little perspective as to just how pricey some of these places get.
So just how much is this place at Trump Tower?
The apartment the military ended up renting out isn’t as large but the first 19 days rent they paid is certainly higher than $150,000 dollars. They paid $180,000 dollars as revealed by a lease (pdf page 5) obtained by The Wall Street Journal. They at least ended up getting quite the bargain of a deal for monthly rent there after at a scant $130,000 a month for the duration of the nearly 18-month long lease. A total of $2.39 million.
It looks like the American people are getting the short end of the stick according to The Wall Street Journal:
The most expensive Trump Tower listing recently was a 3,725 sq. ft., three-bedroom apartment on the 62nd floor. It was listed in the spring of 2016 for $50,000 a month unfurnished and $60,000 a month furnished…
At near three times as much as the most expensive listing at Trump Tower, somebody seems to be making a fortune on the deal. That somebody isn’t Trump, at least. For once he and his family aren’t profiting off the office of the President. However, the listed owner on the GSA lease — one Joel R. Anderson — does appear to sit on Trump Tower’s board of directors.
“We are not aware of any means through which the president would personally benefit from a government lease of this space,” wrote James A. MacStravic, the acting Undersecretary of Defense for Acquisition, Technology, and Logistics, in a letter to Representative Jackie Speier of California.
Donald Trump is already the most expensive President in U.S history.
Featured image: Bim Im Garten CC BY-SA 3.0 2008 via Wikimedia Commons.