Investigation Reveals Troubling Financial Woes for Trump’s 40 Wall Street Skyscraper
New York City, NY – A recent investigation has uncovered alarming financial difficulties facing the iconic 63-story high-rise at 40 Wall Street, a property long associated with former President Donald Trump. According to sources familiar with the building’s financials, the skyscraper, once a symbol of Trump’s real estate prowess, is now grappling with overwhelming debt that threatens its future.
The investigation reveals that the building is "simply not earning enough money to cover the loan," highlighting a significant shortfall between its operating income and the debt obligations attached to it. Reports indicate that rental income from tenants has not kept pace with the high expenses linked to maintenance and debt service, leading to mounting financial strain.
Experts suggest that a combination of factors has put the property at risk. The volatility of the Manhattan commercial real estate market, intensified by the pandemic’s impact on office occupancy, has contributed to the building’s faltering revenue streams. 40 Wall Street has struggled to attract new tenants, further complicating its financial recovery.
The implications of this financial distress are far-reaching. If the building fails to stabilize its income, it could face foreclosure or require a significant restructuring of its debt. Such outcomes would not only impact Trump’s financial standing but could also signal broader challenges in the New York commercial real estate market.
As the investigation continues, the Trump Organization has not publicly commented on these findings. Industry observers are closely monitoring the situation, aware that the fate of 40 Wall Street could provide critical insights into the resilience of high-profile properties amidst an unpredictable economic landscape.
With the skyscraper’s iconic status in the backdrop of New York’s ever-evolving skyline, its financial struggles underscore a pivotal moment for both the man who built it and the city that surrounds it. As the story unfolds, stakeholders from tenants to investors wait to see how these challenges will be addressed in the months to come.
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As per [original article](https://www.rawstory.com/trump-40-wall-street/) 📰:
– A beloved building belonging to former President Donald Trump appears to be drowning in debt as problematic financial deadlines loom, according to a new financial analysis.
Trump’s 63-story high rise at 40 Wall St. in New York City is currently worth $2 million less than the $118 million Trump owes on his $160 million mortgage — and its income continues to plummet, [according to a recent Forbes report](https://www.forbes.com/sites/zacheverson/2024/10/05/donald-trump-wall-street-tower-40-building/).
“The building is simply not earning enough money to cover the loan,” Forbes reported. “Adding to the headaches: Trump, who doesn’t own the land on which the building sits, has just nine years left until his ground rent escalates dramatically.”
Trump, with $566 million of legal liabilities and just $413 million in cash, will reportedly have to pay his $118 million debt to Ladder Capital by July.
But the building’s operating income has nearly halved from about $21 million in 2018 to $12.8 million in 2023, according to Forbes.
“That leaves the Republican presidential candidate in a tough spot as the November election approaches, short on funds to save one of his prized possessions,” according to Forbes.
Should Trump clear this hurdle, he’ll face another in 2024, Forbes reported.
That’s when the German company that owns the land underneath 40 Wall St. is scheduled to implement a near sixfold increase to the cost of Trump’s lease, according to the report.
“That shift would cause Trump’s ground rent to soar from $2.8 million in 2032 to $16.3 million the following year,” Forbes reported.
“If the rest of 40 Wall Street’s financial picture remained the same as it is today, that would leave Trump with a negative $5 million in net operating income in 2033.”
Trump’s options in July 2025 will be to seek another loan, use his own money or declare bankruptcy on the property, according to Forbes.
The Forbes analysis argued option one would represent a struggle, option two would be fiscally uncomfortable and option three would make history.
“It would be his seventh bankruptcy,” Forbes reported, “although it’d break new ground for him by being his first not involving a hotel.”
The MAGA base will setup a Go-Fund-Me for Trump or something equivalent. Trump has absolutely no reason to worry at all. I have seen this happen over and over again when Trump needs money.
I’m sure he’ll grift some republicans on welfare to help pay his bills
The article doesn’t explain why it’s Kamala’s fault!?
I wonder how his other trophy properties are doing, like Trump Tower. Commercial real estate has taken a big hit in most urban areas, while Trump Tower is buffered by residential sections this building isn’t. Add to the toxicity of the Trump label…
I wonder if he’ll dump Truth Social to get $$ if he can’t renegotiate the loan. He’s done bankruptcy before, of course, so a 7th isn’t out of the question, as are junk bonds although if the building doesn’t have the income to service regular interest rate loans it’s not going to cover junk bond rates unless he does a ballon payment. Junk bonds in part sank his casino empire.
I’m sure his Russian backers will step up. Again.
Trump’s unwanted child: _We have all the funding we need out of Russia._
Russia influencing GOP politics. Again.
Edit: Trump Jr. – – – > Eric.
Reason one million why he’s unqualified to be POTUS.
Unless It leads to his name getting ripped off those properties, I’m going to expect the usual bailout.
Maybe he could hawk some cheap piece of shit for thousands of dollars to help him out?
Imagine Trump being underwater.
“I can’t pay my fines, MAGA help me.”
The sinking profits of real estate beginning in late 90s is why i think Trump went into the entertainment business first with Television then upgraded to politics when he figured out was the best con game
he’s always been an financial illusion artist
Make him sell his peanut farm!!!! Oh wait that was what they did to Carter because of potential conflicts of interest.
My god just vote Blue people, I hope to not hear of Donald Trump next year
The golf courses were losing money, the Trump organization is a mess if it even exists anymore. Trump owes millions because of the legal judgements, of course he needs to campaign so he can skim from the campaign contributions…🙄
His whole “empire” is sinking, he has to replenish his stock with the government handouts and grifting. Oh and to stay outta prison.
Bankrupt. Just like him. Morally.
Shocker, a Trump enterprise that is failing
So the Russian Sanctions are working?
No big surprise here. Doesn’t everything the orange blight touches turn to shit?
Another Trump bankruptcy, huh?
That’s impressive to say the least.
Quick, somebody summon a magat to tell us how business geniuses never show profit so they can avoid taxes.
It’s funny cause he’s actually broke
That’s why he’s selling $100K watches, $60+ bibles, and$1K sneakers.
It’s just business, but the maggots that are on state assistance and social security don’t mind giving him their money. They are just waiting for the trickle down to happen.
I love this for trump.
I’m looking forward to the day when Melania is a squatter living in the foreclosed building with no electricity and no running water.
It’s over leveraged and presumably in breach of its debt covenant. Surprised the lender doesn’t enforce a sale or payment to reduce the LVR