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."
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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.
