clock menu more-arrow no yes

Filed under:

Donald Trump’s childhood home in Queens was purchased by a real estate investor

New, 2 comments

The buyer purchased the home at auction for $1.39M

The mystery buyer of Donald Trump’s boyhood home has been outed, and no surprise here, it’s a real estate investor. The Post has learned that Michael Davis bought the 5BR/4.5BA property sight unseen at auction in December for $1.39 million. Even before Davis, who purchased the Jamaica Estates house under the LLC Wareham Place Holdings after the house’s address of 85-15 Wareham Place, was identified as the buyer, the investor’s plans for the property were clear: to flip the house at auction just before Trump’s January 20th inauguration.

But despite Davis’s lofty plans, the auction might be a bust. After all, the house was initially expected to muster up to $10 million at auction, and sold to Davis for a mere fraction of that price (and that was after a pricechop from $1.65 million to $1.25 million, nonetheless.)

The house returns to auction with Paramount Realty on January 17. There’s no word yet on its initial price.