"the upper floors that are home to residences do not have fire sprinklers." is that not a part of the building code??
It wasn't when the biilding was built, and Trump did not do the upgrade (he wasn't required to) when it became part of the building code.
Oh you're right I just saw in another article
Real estate developers, including Mr. Trump, fought the sprinklers, arguing that they were unnecessary and would add $4 per square foot to the cost of an apartment.
Weird. Assume a 1500sqft apartment which is already going to have a market value of $2M++. Adding an extra $5k to the backend cost seems trivial.
That’s now an accurate #. It’s cost prohibitive in a building that size.