Donald Trump

Trump Childhood Home Bought in December Flipped for More Than 50 Percent Profit Months Later

The buyer of President Donald Trump's boyhood home in New York City appears to have perfected the art of the deal, flipping the property to make more than $740,000 in just over two months.

The 1940 Tudor-style house, in a leafy part of Queens, was offered to bidders last fall, but that auction date was canceled after publicity sparked a burst of last-minute interest and requests for more time.

City records show an investor, Michael Davis, ultimately bought the home for nearly $1.4 million in December.

The house went to auction again in January, with bids closing mid-month.

On Monday, auction house Paramount Realty USA announced the house had sold for $2,140,000. The sale price represented a more-than 50 percent profit for the seller. 

"This property is so much more than real estate; it's the childhood home of the 45th president of the United States," Misha Haghani, principal of Paramount Realty said.

“That intangible value makes it a perfect example of why special properties are appropriately sold by auction, just like art is."As they say, beauty is truly in the eyes of the beholder."

The president-elect's father, developer Fred Trump, built the five-bedroom, 4 1/2-bathroom, brick-and-stucco home in Jamaica Estates, an upper-middle-class enclave about 10 miles east of midtown Manhattan. The house features arched doorways, a fireplace and a sun room.

The president-elect lived there until he was about 4, when his family moved to another home his father had built nearby.

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