Perhaps the only thing more persistent than the inability of President Trump’s childhood home to sell is the resolve of its current owners to unload it. Following a failed attempt earlier this year that would have seen the Queens property take in $2.9 million, the house will go to the auction block with an as-of-yet undisclosed minimum asking price. It was last up for auction in December 2016 shortly after Trump was elected and has changed hands twice since then.After the 2016 auction, a divorcing couple sold the 2,300-square-foot Jamaica Estates home for $1.39 million to an investor. This savvy figure then flipped it in just two weeks before selling it for $2.14 million to the current owner, a law firm that specializes in Chinese foreign investment according to the New York Times. Their ambitious asking price of $2.9 million was markedly higher than others in the neighborhood, which generally list for around $1 million less—an inflation justified in the eyes of the owners by its ties to the man in the oval office.Indeed, the quaint, Tudor-style home is quite humbler in size and design than the real estate Trump is known to occupy. The five-bedroom charmer, sitting on a sleepy, tree-lined residential street, might just be the most unassuming piece of Trump’s history.Paramount Realty USA is holding the auction, which will take place on November 14.
This article appears in the September 2019 issue of DailyDeeds.