Talk:40 Wall Street

Inside Trump’s Most Valuable Tower: Felons, Dictators and Girl Scouts

"[T]he 72-story building has housed frauds, thieves, boiler rooms and penny-stock schemers since Trump took it over in 1995 in what may be the best deal of his career. No single property in his portfolio is more valuable than 40 Wall St., according to a Bloomberg valuation of his assets last year. And no U.S. address has been home to more of the unregistered brokerages that investors complain about, according to the Securities and Exchange Commission’s current public alert list. 108.2.61.158 (talk) 16:38, 10 September 2018 (UTC)

Did you know nomination

The following is an archived discussion of the DYK nomination of the article below. Please do not modify this page. Subsequent comments should be made on the appropriate discussion page (such as this nomination's talk page, the article's talk page or Wikipedia talk:Did you know), unless there is consensus to re-open the discussion at this page. No further edits should be made to this page.

The result was: promoted by The Squirrel Conspiracy (talk) 21:55, 29 May 2020 (UTC)

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40 Wall Street

• ... that in 1940, 40 Wall Street (pictured) was worth less than its elevators had cost? Source: NY Times 1956
  • ALT1:... that 40 Wall Street (pictured)'s leasehold has been owned by presidents of the Philippines and the U.S.? Source: The Real Deal 2017
  • ALT2:... that 40 Wall Street (pictured) competed with the Chrysler Building for the title of world's tallest building, and ultimately lost the title one month later? Source: Tauranac, John (2014). The Empire State Building: The Making of a Landmark. New York: Scribner. p. 131.

• Reviewed: Template:Did you know nominations/Likelike

Improved to Good Article status by Epicgenius (talk). Self-nominated at 04:20, 11 May 2020 (UTC).

General: Article is new enough and long enough
New enough: Long enough:

Policy: Article is sourced, neutral, and free of copyright problems
Adequate sourcing: Neutral: Free of copyright violations, plagiarism, and close paraphrasing:

Hook: Hook has been verified by provided inline citation
Cited: Interesting:

QPQ: Done.

Overall: First hook preferred. ~~ CAPTAIN MEDUSA^talk 18:31, 11 May 2020 (UTC)

Ownership of 40 Wall Street land and building

The source, the Landmarks Preservation Commission's December 12, 1995, Designation List] says on pg. 7:

"In April 1960 the property's fee was transferred to the Metropolitan Life Insurance Co. for twenty million dollars.

("property's fee" in this context refers to the type of ownership of the land and the building on it), followed by information on the owners of the leasehold on the building. The next paragraph then says:

The fee of the property was acquired in 1982 by a group of investors headed by Walter Hinneberg, Jr.

followed by another sale of the leasehold. I.e., the land and the building on it, is owned by the German consortium headed by Hinneberg. Trump bought the leasehold on the building from its then-owner Kinson Properties in 1995. He pays rent for the ground lease to the Hinnebergs and collects rent from his tenants in the building. Space4Time3Continuum2x🖖 19:03, 28 March 2024 (UTC)

The article already says this: Webb and Knapp sold the property to the Metropolitan Life Insurance Company in April 1960 for $20 million. I've linked and glossed the word fee now; I don't know why I didn't do this before.

The reason the fee and the leasehold were discussed together was to keep everything in chronological order. – Epicgenius (talk) 20:00, 28 March 2024 (UTC)

It was a tad confusing until I read the designation list. Space4Time3Continuum2x🖖 20:11, 28 March 2024 (UTC)

Gilding the spire

@Epicgenius: Re removal of renovation: it's unsourced. The cited source about owners applying gold leaf to Manhattan roofs: According to Joseph and Ralph Bernstein, gold leaf has definitely increased the value of their Crown Building, opposite Trump Tower and Tiffany's. "Comparable units in the area would probably go for a third less than the rentals we are getting in our tower," said Joseph Bernstein. He and his brother are now considering the possibility of gilding the spire at 40 Wall Street. Space4Time3Continuum2x🖖 20:07, 28 March 2024 (UTC)

The part about the gilding is not unsourced, it's just that the source talks only about gilding the roof. My bad about the renovation, though; that claim must have gone undetected at the FAC. – Epicgenius (talk) 20:12, 28 March 2024 (UTC)