Since initially hitting the market last summer, Donald Trump‘s childhood home in Jamaica Estates, Queens has seen quite the runaround. After a price chop from $1.65 to $1.2 million, the listing was pulled in November to head to the auction block, but shortly thereafter Manhattan real estate mogul Michael Davis bought the Tudor-style home sight-unseen for just under $1.4 million. He then flipped it for $2.14 million, nearly twice what he paid and double the neighborhood average. Mansion Global now has the scoop that the mystery buyer, whose identity was shielded behind the LLC “Trump Birth House,” will rent it out for between $3,500 and $4,000 a month, on par with similarly sized homes in the neighborhood.
***Update 7/16/2017: Just one day after it was announced that Donald Trump’s childhood home would be placed on the rental market, DNA Info reports that the Queens property has already found a tenant. Real estate agent Jason Friedman of Coldwell Banker Residential Brokerage told the website that “a long-term lease, for at least a year” was signed “almost immediately” after the home was listed, although for how much is not clear. Friedman shared only that the rent was more than the $3,500 reported yesterday. No word yet on who has scooped up the property.
Get a look inside
With several large-scale development projects in the works, like a new luxury complex with 100,00 square feet of retail and a 24-story Hilton Garden Inn, the neighborhood of Jamaica is undergoing some changes. Applications are currently being accepted for 84 affordable apartments in the Pavilion at Locust Manor, a newly constructed housing development located at 171-04 Baisley Boulevard. New Yorkers earning 30, 40, 50, 60 and 100 percent of the area median income can apply to units ranging from studios for $368 per month to two bedrooms for $1,511 per month.
Find out if you qualify
When Manhattan real estate mogul Michael Davis bought Donald Trump’s childhood home sight-unseen for just under $1.4 million in December, he had high hopes of flipping the Tudor-style residence in Jamaica Estates, Queens. Now, just three months later, the Times tells us that he’s done just that, re-selling it at auction last week for $2.14 million, more than double the neighborhood average. Interestingly, the transaction was facilitated by lawyer Michael Tang who specializes in real estate investments made by overseas Chinese buyers. Tang told the Times in an email that he was unable to disclose the name or any other information about the buyer, whose identity is being shielded behind the newly created LLC “Trump Birth House.”
Find out more here
At the end of last month, 6sqft revealed that an anonymous New York investor had bought Donald Trump‘s childhood home in Jamaica Estates, Queens with plans to flip it at auction this month and turn a hefty profit. The Post has now learned that the mystery buyer–and democrat-turned Marco Rubio supporter–is Manhattan real estate mogul Michael Davis. Without ever having driven past the Tudor-style home at 85-15 Wareham Place, Davis dropped $1,390,500 on the piece of Trump ephemera, which he still plans to bring to auction next week.
Find out more
Hoping to cash in on Trump-mania, an anonymous New York investor scooped up the President Elect’s childhood home in Jamaica Estates, Queens in the hopes of bringing it to auction next month and turning a profit. Mansion Global got the news from auctioneers Paramount Realty USA, who say the bidding will take place on January 17th. Previous reports have estimated that the six-bedroom, Tudor-style home that Trump’s father Fred built could fetch up to ten times its most recent $1.2 million ask, or a whopping $10 million.
Get the full scoop
A divorcing couple in Jamaica Estates, Queens just got something new to fight over: proceeds from the sale of their relatively modest six-bedroom Tudor home at 85-15 Wareham Place, which will head for the auction block in the first week in December. The house, which the estranged couple tried to sell for $1.65 million, chopped to $1.2 million, then pulled from the market, just happens to be where President Elect Donald Trump spent his terrible twos, and is expected to fetch at least 10 times that ask at auction, according to the New York Post.
A rising Trump floats at least one boat
The world might be your oyster, but Jamaica Bay is full of the bivalve molluscs. Starting with 36 thousand oysters last week and 12 thousand more this week, the largest single installation of breeding oysters in New York City began. A spokesman from the mayor’s office said hundreds of thousands of juvenile oysters will be added in the spring.
Oysters filter pollutants from water, help to protect wetlands and shoreline from erosion and storm surge and provide habitat for communities of fish and other aquatic organisms. The mass of oysters in the New York/New Jersey Harbor dwindled due to over harvesting, dredging and pollution.
READ MORE AT METRO NEW YORK…
A common question about Donald Trump is “Where did he come from?” and this new listing for his childhood home in Queens may be one piece of the puzzle. Newsday reports that the Jamaica Estates home in which the presidential hopeful lived as a young boy has hit the market for $1.65 million. The six-bedroom tudor home at 85-15 Wareham Place is listed as his address on his 1946 birth certificate (he was born at nearby Jamaica Hospital) and is located in an affluent enclave where the average sales price is around $2 million according to DNAinfo.
More on Trump’s beginnings
This past holiday weekend, New Yorkers flocked to Coney Island for the annual Nathan’s Hot Dog Eating Contest, the fireworks display, and to enjoy the beach and boardwalk. For some, though, traveling all the way out to the end of Brooklyn with beach chairs and coolers is daunting, which is why it’s sad to learn that back in the 19th century, there was another amusement destination in the city, at the site of present-day LaGuardia Airport.
Bowery Bay Beach (later named North Beach) opened in 1886 on the shores of Bowery and Flushing Bays. Built by noted piano manufacturer William Steinway in partnership with brewer George Ehret, it included beaches, swimming pavilions, a huge beer hall, zoo, and the Gala Amusement Park. At one time it was more popular than the parks in Brooklyn, earning it the moniker “the Coney Island of Queens.”
So what happened?
With all corners of the city bursting at their seams, once overlooked business nodes are experiencing a resurgence of construction activity. Perhaps most foreign and far-flung to Manhattanites is Jamaica, Queens, where a cluster of high-rises is rising around its transit hub, which serves LIRR commuters and is a terminus to JFK’s AirTrain network.
The neighborhood’s latest large project to come forward is from Flushing-based Ampiera Group, who have proposed a 100,000-square-foot hotel and office tower at 90-75 Sutphin Boulevard, just one block from the transit center. The building’s exterior, comprised of a mix of glass and stone, is designed by MY Architect, who are working with the development team on at least two Long Island City projects. Approved permits and documents filed last summer co-align with images published on the architect’s website that call for a double-winged building with a low-rise leg fronting Sutphin Boulevard. The low-slung retail buildings along Archer Avenue will be demolished to create a plaza at the foot of the tower.
More views and details ahead