Trump's 1st home up for auction for 2nd time in 3 months

AP News
|
Posted: Jan 17, 2017 6:18 PM
Trump's 1st home up for auction for 2nd time in 3 months

NEW YORK (AP) — The first property connected to Republican President-elect Donald Trump has become a hot spot for real estate deal-making.

Trump's earliest childhood home went up for auction for the second time in three months, and the owner is weighing bids. The deadline for the written bids passed Tuesday, but the seller has several days to consider them.

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 last month.

There's no doubt the home is more valuable now than when it was first offered, said Misha Haghani, a principal in Paramount Realty USA, which is coordinating the auction.

"The last time, we were auctioning the childhood home of the Republican presidential nominee," Haghani said. "Now, we're auctioning the childhood home of the president-elect."

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.

"I had a really good childhood. ... It was a warm place," Donald Trump, a billionaire real estate mogul, said of his first home on "The Tonight Show Starring Jimmy Fallon" in September, suggesting lightly that he'd like to buy the place himself.

His representatives didn't immediately respond to inquiries Tuesday about the sale. Nor did Davis.

Haghani declined to say how many bids were received, who submitted them or how much money was offered.