Mystery buyer scoops up Trump’s childhood home for $1.3M

New owner plans to immediately flip property

New York /
Dec.December 22, 2016 11:00 AM

You’d think the former home of a future president would be a stronger selling point. Alas, a mystery buyer snapped up the childhood home of President-elect Donald Trump for $1.25 million, just a smidge higher than its previous listing price of $1.2 million.

Restaurateur Isaac Kestenberg and his wife sold the home to an investor who plans to quickly flip the Tudor-style Jamaica Estates home, the New York Post reported. An auction for the home is being held Jan. 17.

The couple, in the process of divorcing, initially placed the 85-15 Wareham Place on the market in June for $1.7 million. After a few price chops, they decided to auction the property in October, only to abruptly cancel the sale.

After the election, broker Dolly Lenz told the Post that Trump’s victory would likely boost the value of the Queens home. While that doesn’t seem to be the case with this mystery buyer, Misha Haghani, of auction house Paramount Realty USA, said the January auction is a chance for a bidder to “name their price to own a piece of history.”

Luxury Listings NYC recently toured the five-bedroom home. [NYP] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Make Greenland Great Again? Trump wants to buy Arctic territory
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Hamptons’ priciest summer rental to host MAGA extravaganza next month
Atlantic City Mayor Marty Small supports Carl Icahn, who owns Trump Plaza Casino. (Getty, Marty Small via Instagram)
Carl Icahn pulls plug on auction to demolish Trump casino
Carl Icahn pulls plug on auction to demolish Trump casino
From left: Robert Zangrillo, Geoff Palmer, Tom Barrack and President Donald Trump (Getty, iStock)
Trump’s people claim Geoff Palmer and Tom Barrack backed Zangrillo pardon
Trump’s people claim Geoff Palmer and Tom Barrack backed Zangrillo pardon
Signature Bank president Joseph DePaolo (Getty Images; iStock)
Signature achievement: Bank’s loan deferrals down to 9%
Signature achievement: Bank’s loan deferrals down to 9%
Donald Trump Jr. and Kimberly Guilfoyle with 492 & 494 Mariner Drive (Getty, Google Maps)
Don Trump Jr. and Kimberly Guilfoyle get cold welcome amid plans to buy homes in South Florida’s Jupiter
Don Trump Jr. and Kimberly Guilfoyle get cold welcome amid plans to buy homes in South Florida’s Jupiter
Robert Zangrillo and Rick Renzi with Donald Trump (Getty)
Trump pardons Zangrillo, Jemal, other real estate figures
Trump pardons Zangrillo, Jemal, other real estate figures
Donald Trump and Alex Adjmi (Photos via Getty; GOSO NYC)
Real estate investor Alex Adjmi receives presidential pardon
Real estate investor Alex Adjmi receives presidential pardon
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...