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46°
Monday, apr 29
Tag:
Luxury Properties
News
Suffolk Attorney Sentenced For Stealing Wrongful Death Inheritance
A longtime attorney from Long Island will spend years in prison after admitting to stealing more than a million dollars from a child’s inheritance, federal officials announced. Smithtown resident Vincent Trimarco, Jr., age 52, has been sentenced to 57 months in prison for conspiracy to commit mail and wire fraud in a scheme to defraud a minor of her inheritance from a federal wrongful death lawsuit. Additionally, US Breon Peace said that Trimarco has been ordered to pay $1.5 million in restitution and to forfeit an additional $1.5 million after he pleaded guilty in October 2020. Between Ap…
Real Estate
Trump Tower Now One Of NYC's Least Desirable Luxury Buildings, Report Says
There has been a mass exodus out of Trump Tower in recent years, making it one of the least desirable luxury properties in Manhattan, according to a new report. Bloomberg News reported this week that the 36-year-old building “has been turned into a fortress,” since Trump took over in the Oval Office, with entrances partially blocked and the president’s name turning off liberals in Manhattan. According to reports, condo owners have been cashing out, with many selling at a 20 percent loss to get out of the building. Less than one percent of homes in Manhattan have sold for a loss in the past …