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Trump's Boyhood Home Sells for Nearly $1.4M to Manhattan Real Estate Mogul

By Ewa Kern-Jedrychowska | January 9, 2017 4:26pm | Updated on January 11, 2017 2:46pm
 The house at 85-15 Wareham Place, where Donald Trump lived as a boy, was sold for $1,390,500 in December.
The house at 85-15 Wareham Place, where Donald Trump lived as a boy, was sold for $1,390,500 in December.
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Paul Brainard

The mystery buyer who recently bought President-elect Donald Trump’s boyhood home in Jamaica Estates has been revealed.

Manhattan real estate mogul Michael Davis — who public records indicate contributed to Florida Sen. Marco Rubio’s presidential campaign in October 2015 — bought the five-bedroom Tudor at 85-15 Wareham Place for $1,390,500 on Dec. 21, city documents show.

Davis, whose name was first reported by the New York Post, is now planning to flip the property at an auction scheduled for Jan. 17, three days before Trump will be sworn into office, according Misha Haghani, owner of Paramount Realty USA, which is handling the auction.

According to public records, Davis bought the property through a limited liability corporation called Wareham Holdings.

Real estate experts say the value of the home has most likely increased since Trump won the presidential election on Nov. 8. 

However, the initial asking price for the house was reduced twice since it was listed on the market in July — first to $1,399,000, and later to $1,250,000, according to the property's listing broker Laffey Real Estate.

The previous property owners, who are restaurateurs in Manhattan, bought the house in 2008 for $782,500.

They were initially planning to sell the 2,500-square foot brick and stucco house at an auction in October, but the auction was later postponed for January.

They later decided to sell the property before the auction because they are getting divorced and were satisfied with the price offered by the buyer, Haghani said in December.

Haghani also said last month that it’s hard to estimate the current value of the property and the auction will determine it.

"There are only 45 childhood homes of U.S. presidents," he said.

The house, where Trump lived until he was 4, features four-and-a-half bathrooms, a living room with a fireplace, a five-car driveway with a two-car garage, and an eat-in kitchen, according to a description on the Paramount’s website.

The Trump family later moved to a larger house on nearby Midland Parkway. 

Davis, who, according to public records, also gave money to the Coalition for Progress in 2015, did not return a phone call seeking comment, but he told the Post that "he never even drove by the house before the purchase."