The property, 40 Wall Street, seems to be deeply underwater. Trump controls the building but not the land on which it sits, long held by a German shipping family. The president currently pays $2.5 million a year in ground rent, but that expense is set to skyrocket to an estimated $16 million in 2033, potentially wiping out all of his $9 million of operating income. As a result, the asset is now worth about $85 million, according to Forbes estimates, or $30 million less than the remaining balance on the loan.
Read the full story on Forbes: https://www.forbes.com/sites/danalexander/2025/05/21/trump-has-to-cough-up-115-million-in-next-46-days/?utm_medium=social&utm_source=ForbesMainTwitter&utm_campaign=socialflowForbesMainTwitter
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