Trump Boyhood Home Flipped for 50 Percent Profit

Mar 28, 2017

Now here is something that you don’t see every day: The house flipping of the childhood residence of a U.S. president.

According to The New York Post, real estate investor Michael Davis purchased President Donald Trump’s childhood home in Queens, N.Y. for $1.39 million in December through an auction conducted by Paramount Realty USA. But rather than keep the property for historical purposes, Davis flipped in this month in a $2.14 million sale to another investor, making just over a 50 percent profit on the transaction.

The Tudor-style home, which is located at 85-15 Wareham Place in the Jamaica Estates section of Queens, is listed as the home address for the president’s parents. Trump had no connection to the property, but was reminded of it during a September 2016 appearance on “The Tonight Show,” when host Jimmy Fallon showed him a photo of the home. Trump stated on the show that he was interested in buying it, but since that appearance he has made no comment on the house.

The identity of the investor that purchased the house and that individual’s plans for the property have not been made public.

About the author

Phil Hall

Link copied

Published

Mar 28, 2017

Analysis and Data

Homeownership Slips Further Away For Californians

Only 18% of Californians could afford a median-priced home in 2024, with affordability gaps persisting across ethnic groups

Buying a home in California became even harder across all ethnic groups last year, as surging mortgage costs pushed affordability further out of reach, according to the California Association of Realtors (C.A.R.). Only 18% of Californians earned enough to purchase the sta...

Analysis and Data

Mr. Cooper Shrinks Originations But Strengthens Borrower Retention Ahead Of Rocket Merger

Loan production fell 10% in Q1, but purchase share climbed and borrower recapture hit 51% amid broader strategic realignment

Mr. Cooper Group reported first-quarter 2025 results that reflect a mixed environment for mortgage production and servicing, as the company emphasized operational stability and strategic expansion despite a slowdown in origination volume. Loan Production Mr. Cooper fun...