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.”
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.
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.
Yes, you can live in a 6,500-square-foot, five bedroom mansion right in New York City. It’s here, at 184-15 Hovendon Road in Jamaica Estates, Queens. The neighborhood is known for its large plots and spacious freestanding homes, but this property takes it to the next level. Not only is it gated in, but the interior is awash in marble, coffered ceilings and Venetian plaster walls. It’s got a new asking price since it first hit the market last year, with a price chop down from $3.488 million to $3.388 million.