Testimony centers on contested triplex apartment valuation
From CNN's Lauren del Valle, Kara Scannell and Jeremy Herb in New York
Testimony has shifted to the contested valuation of the Trump Tower apartment, including its size — all part of the New York attorney general’s office claims that it was inflated in value.
Supporting data for a 2017 financial statement shows the property value on the triplex apartment dropped from $327 million in 2016, to roughly $116.8 million in 2017 — a significant drop around the time that Forbes Magazine outed Trump for claiming the apartment was more than 30,000 square feet when it turned out to be just under 11,000 square feet.
Under direct questioning, Trump was asked by the assistant attorney general on whether "this change in valuation" came at his direction.
"Probably, I said I thought it was too high,” Trump said. “I don’t know what’s too high anymore because I’m' seeing things sold at numbers that are very high," Trump added.
Trump said that the difference in cost could also be explained by the roof access, and then "it's not that far off." He also said they could have made a mistake and there's a disclaimer clause for that reason.
"There’s a disclaimer clause where you don’t have to get sued by the attorney general of New York," Trump said.
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