{"id":17458,"date":"2017-09-09T23:04:25","date_gmt":"2017-09-10T03:04:25","guid":{"rendered":"https:\/\/multi.nycnewsnetwork.com\/brooklynbuzz\/rep-hakeem-jeffries-says-starrett-city-850-mil-sale-would-benefit-trump\/"},"modified":"2017-09-09T23:04:25","modified_gmt":"2017-09-10T03:04:25","slug":"rep-hakeem-jeffries-says-starrett-city-850-mil-sale-would-benefit-trump","status":"publish","type":"post","link":"https:\/\/nycnewsnetwork.com\/brooklynbuzz\/rep-hakeem-jeffries-says-starrett-city-850-mil-sale-would-benefit-trump\/","title":{"rendered":"Rep Hakeem Jeffries Says Starrett City $850 Mil Sale Would Benefit Trump"},"content":{"rendered":"<p><a href=\"https:\/\/therealdeal.com\/2016\/11\/14\/ex-stuy-town-manager-to-serve-as-consultant-on-blackstones-kip-bay-court\/\" target=\"_blank\" rel=\"noopener noreferrer\">Andrew MacArthur<\/a>\u2018s Brooksville Company and Rockpoint Group are in contract to buy Starrett City for $850 million from a group of owners including President Trump.<\/p>\n<p>The deal with the seller,\u00a0<a href=\"https:\/\/therealdeal.com\/new-research\/topics\/company\/starrett-city-associates-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">Starrett City Associates<\/a>, for the massive Brooklyn rental complex is subject to approval from the federal Department of Housing and Urban Development as well as state housing officials, the New York Times reported.<\/p>\n<p>The sale raises potential conflicts of interest for Trump, who owns a 4 percent stake in the complex and stands to take in about $14 million after taxes and expenses. (The Trump family all together own about 16 percent of the complex.)<\/p>\n<p>\u201cThe president is on both sides of the negotiation \u2014 he oversees the government entity providing taxpayer funds and he pockets some of that money himself,\u201d Representatives Hakeem Jeffries and Elijah E. Cummings wrote in a letter in July to the trust that holds Trump\u2019s interests and to HUD Secretary Ben Carson.<\/p>\n<p>Full Article on <a href=\"https:\/\/therealdeal.com\/2017\/09\/06\/rockpoint-brooksville-to-buy-starrett-city-for-850m\/\">The Real Deal<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Andrew MacArthur\u2018s Brooksville Company and Rockpoint Group are in contract to buy Starrett City for $850 million from a group of owners including President Trump. The deal with the seller,\u00a0Starrett City Associates, for the massive Brooklyn rental complex is subject to approval from the federal Department of Housing and Urban Development as well as state [&hellip;]<\/p>\n","protected":false},"author":5893,"featured_media":17459,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[47],"tags":[],"class_list":["post-17458","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rep Hakeem Jeffries Says Starrett City $850 Mil Sale Would Benefit Trump - Brooklyn News and Events<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nycnewsnetwork.com\/brooklynbuzz\/rep-hakeem-jeffries-says-starrett-city-850-mil-sale-would-benefit-trump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rep Hakeem Jeffries Says Starrett City $850 Mil Sale Would Benefit Trump\" \/>\n<meta property=\"og:description\" content=\"Andrew MacArthur\u2018s Brooksville Company and Rockpoint Group are in contract to buy Starrett City for $850 million from a group of owners including President Trump. 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