Some say he took advantage of President Trump’s ever-growing popularity. Others say it was a savvy business move. Either way, New York real estate investor is much richer thanks to a lucrative move.
He successfully flipped the childhood home of Donald Trump. The Don has expressed an interest in buying the house himself on “The Tonight Show” back in September.
Michael Davis is a Manhattan real estate developer. He bought Trump’s childhood home in Queens, New York for $1.39 million. He purchased it through a Paramount Realty USA auction shortly after the 2016 presidential election.
According to New York Post, the two-story, Tudor-style home was sold last week to another investor. It went for a whopping $2.14 million. Michael Davis had almost doubled his investment in just a few months.
“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, according to The Post.
The property’s address, 85-15 Wareham Place in Jamaica Estates, is listed on Trump’s birth certificate as his home address.
Then-candidate Trump was shown a photo of the home during a September appearance on “The Tonight Show,” and he told host Jimmy Fallon “that’s where I was born.”
Trump said at the time he wanted to buy the home, but he better hurry because it’s a seller’s market!