The Real Deal New York

Dolly Lenz believes Trump’s childhood home may have got a lot more valuable after the election result

The Jamaica Estates home was listed for $1.2M before the election

November 11, 2016 01:11PM

Dolly Lenz and Donald Trump

Dolly Lenz and Donald Trump

The owners of Donald Trump’s former childhood home took a gamble by taking it off the market until after the election. And that gamble may pay off.

Isaac Kestenberg and his estranged wife Claudia were set to auction off the Jamaica Estates home. Originally listed for $1.7 million, the price was slashed to $1.2 million. But the couple pulled it off the market last month, deciding to wait until after the election.

Now that Trump is headed for the White House in a shock victory, the broker handling the auction claims the house at 85-15 Wareham Place  could fetch much more than the owners first hoped.

Dolly Lenz TRData LogoTINY, a top luxury broker, told the New York Post that the house is now worth heaps more.

“It’s a huge deal,” she said. “And there are lots of wealthy people who buy trophy homes as one-offs. The house has at least tripled in value if not 10 times in value.”

Paramount Realty’s Misha Haghani, who is handling the auction scheduled for the first week of December, told the newspaper that “I’d love to say we knew he’d win, but it was a gamble. We waited and it turned out to be the right thing to do. Now that it is the childhood home of the president-elect, it has increased value.”

The home features five bedrooms, four full bathrooms, a paneled study, a finished basement and a five-car garage, according to the listing.  [NYP]Miriam Hall

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