For Only $14,200, You Can Stay in Paul Manafort's Manhattan Condo
If you ever feel the urge to experience what it's like to get a whiff of the political and legal storm now engulfing the Trump administration, all while visiting New York City, you can indulge yourself — for only $14,200 per month.
That's the price of a rental at a Manhattan condo owned by former Trump campaign advisor Paul Manafort, who surrendered to authorities Monday after being charged in the ongoing investigation by special counsel Robert Mueller into possible Russian interference in the 2016 presidential election.
The two-bedroom, two-bathroom, fourth-floor Soho apartment just a block north of Chinatown features northern and southern exposures, exposed brick walls, a wood-burning fireplace, and an excellent view of one of the city's few remaining cobblestone streets, Crosby Street, a popular site for romantically rain-covered car commercials and fashion shoots. Pets are welcome.
Manafort and his wife, Kathleen, are listed as the primary parties on the official New York City real estate forms, both with the same Palm Beach Gardens, Florida, address as their official residence. The city records them as having mortgages of various amounts with Citizens Bank, the largest for $2,730,000. According to the federal indictment, Manafort used the dummy corporation MC Holdings, LLC — the seller listed in one of the New York City filings — to buy a condominium at the address on Howard Street for about $2,850,000, using money from Cyprus, where Manafort is accused of hiding money in secret accounts. The Howard Street apartment is the one Manafort allegedly lied about to a bank, according to the indictment, so he could receive more favorable terms for loan of $3,185,000 in March 2016, while declaring it a rental property to the IRS for the tax benefits.
"MANAFORT used the property from at least January 2015 through 2016 as an income-generating rental property, charging thousands of dollars a week on Airbnb, among other places," the indictment reads. "In his returns, MANAFORT took advantage of the beneficial tax consequences of owning this rental property."
At 2,500 square feet, the rental comes to about $5.68 per month per square foot. (The average rental price for all of New York City is $4.98 per square foot, one of the highest in the world, but that includes much cheaper far-flung rentals within the city limits. Another 2017 survey found that monthly rentals in nearby Tribeca, for example, came to $80 a square foot, making Manafort's condo a relative deal.)
Manafort's condo is no longer listed on Airbnb, but is still up on the Corcoran website. (A call to the listed agent was not returned.) And his condo is, of course, still listed on his federal indictment.
A previous version of this post misspelled Palm Beach Gardens as Palm Beach Garden.
TPG featured card
at American Express's secure site
Terms & restrictions apply. See rates & fees.
| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 5X | New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App. |
| 3X | Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines. |
| 2X | Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Pros
- Valuable dining and food-related credits
- Flexible rewards with airline and hotel transfer partners
- Multiple travel and purchase protections
- No foreign transaction fees
- Access to Amex Offers for additional savings (enrollment required)
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App.
- Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines.
- Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
- Updated! $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
- $120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
- New! As an American Express® Gold Card Member, you can enjoy complimentary Hertz Five Star® Status. Enjoy benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
- Take advantage of a $100 credit towards eligible charges* at over 1,300 upscale hotels worldwide when you book The Hotel Collection through AmexTravel.com or the Amex Travel App **. *Eligible charges vary by property. **The Hotel Collection requires a two-night minimum stay.
- Book your travel through the Amex Travel App with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.