A young real estate investor has taken a page from the president’s playbook and flipped Donald Trump’s childhood home in Queens.
Michael Davis purchased the home for $1.39 million in December through an auction conducted by Paramount Realty USA just one month after the presidential election.
This week, Davis sold the home to another investor for $2.14 million — for just over 50 percent profit.
“This property is so much more than just real estate; it’s the childhood home of the 45th president of the United States, and it’s a part of history,” said Misha Haghani, principal of Paramount Realty USA.
“That intangible value makes it a perfect example of why special properties are appropriately sold by auction, just like art is. As they say, beauty is truly in the eyes of the beholder.”
The average price for a similar home in the neighborhood is $979,400, Haghani said.
The Tudor-style home, located at 85-15 Wareham Place in Jamaica Estates, is listed as the home address on the birth certificate of the president.
Last September, when then-candidate Trump was on “The Tonight Show,” Jimmy Fallon showed him a photo of the home.
“That’s it, that’s where I was born … I want to buy it, I want to buy it,” Trump said.