Trump To Pocket $14 Million From Sale Of Starrett City
Trump to pocket $14 million from sale of Starrett City
Owners of Brooklyn’s Starrett City housing complex have reached an $850 million sales agreement that could earn President Donald Trump a $14 million payout.
Sitting on 145 acres between East New York and Canarsie neighborhoods, Starrett City is the largest government-subsidized housing development in the country. With 5,881 apartments in 46 buildings and 15,000 residents, Starrett City is a strong community with its own schools, shopping centers and places of worship.
The deal is a joint venture of the Brooksville Company and Starrett City Associates, the latter of which has owned the complex for more than 40 years. The sale is subject to approval by the …