'Fire sale' value of Trump properties revealed by CNN analyst

Donald Trump suggested he may be forced into a "fire sale" of his business empire as he struggles to come up with a $454 million bond due on Monday after his fraud conviction — and an expert looked into how much cash that could bring in.

CNN's investigative reporter Jonathan Greenberg, who has covered Trump's properties and wealth for years, reported that his calculations show the ex-president would be forced to sell seven of his properties at fire sale prices if he was to raise the cash he needs.

Greenberg explained Trump would need to sell 1290 Ave of the Americas in New York City for $172 million, Trump Park Ave. for $80 million, 6 East 57th St. for $80 million, 40 Wall Street for $48 million, Trump Tower for $34 million, the Trump Tower penthouse for $33 million, and TrumpParc for $22 million. That would bring in $469 million.

All of those prices are well below what previous estimates of their worth.

Greenberg's math takes into account mortgages and other debts on the properties, as well as taxes owed.

He also knocked off 20-40 percent off the value of the properties themselves to estimate the "fire sale" effect.

"How quickly could such a sale happen?" asked CNN's Erin Burnett. "You're looking at a lot of properties in five days, yeah?"

Greenberg explained that he didn't think that Trump could raise the money in time. The funds he outlined were more likely to be considered by New York Attorney General Letitia James "to really seize the properties that are the most valuable and the least complicated in terms of moving to a quick sale, which would be probably about 60 days," he said.

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He said he cut the commercial properties by 40 percent from what Forbes calculated they were worth about a year ago, since "it's not exactly a hot commodity" and interest rates have gone up over the past several years.

"It's his seven largest holdings. And it's a game plan for Letitia James to act without Trump — to cut him out of the deal and just focus on getting the money," said Greenberg.

See his comments in the video below or at the link here.

How much would the 'fire sale' of Trump's properties be if it was sold out from under himwww.youtube.com