New tactic to sell Trump’s childhood home: GoFundMe

Home would be gifted to president if $3M is raised

National /
Dec.December 09, 2020 09:15 AM
President Donald Trump and 85-15 Wareham Place in Queens (Photos via Getty; Wikipedia Commons)

President Donald Trump and 85-15 Wareham Place in Queens (Photos via Getty; Wikipedia Commons)

Donald Trump’s childhood home is on the market, but the seller has only one owner in mind: the president himself.

The owner is starting a crowdfunding campaign to raise $3 million. Once the goal is met, the seller plans to gift the five-bedroom Tudor in Jamaica Estates to the outgoing president, the New York Times reported.

The effort is the latest in a number of attempts to re-sell the modest house at a profit.

The house was put up for auction last fall, but failed to meet the reserve price, Misha Haghani, the principal of Paramount Realty USA, which has represented the property in three past auctions, told the Times.

More recently, the home, located at 85-15 Wareham Place, was flipped to cash in on Trump’s presidency.

Just before his 2017 inauguration it was sold for about $1.4 million — about 78 percent higher than the $782,500 it fetched in 2008. That buyer quickly unloaded it to the most recent owner for $2.14 million at auction.

The ultimate goal of the seller now is not necessarily to have Trump move back to the property, but to donate it to a charity of his choosing, or install a presidential library. The president’s own charity, the Trump Foundation, was dissolved last year after he admitted using its funds to promote his campaign and pay off business debts. Trump has changed his primary residence to Florida.

[NYT] — Sasha Jones


Related Articles

arrow_forward_ios
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
Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)
Soap star Joan Collins lists longtime Midtown pied-à-terre
Soap star Joan Collins lists longtime Midtown pied-à-terre
House republicans Kevin McCarthy, Blaine Luetkemeyer and Steve Scalise have all received more than $100,000 from real estate PAC donations. (Getty)
Real estate trade groups reconsider donations after Capitol unrest
Real estate trade groups reconsider donations after Capitol unrest
Airbnb Brain Chesky and President-elect Joe Biden (Getty)
Airbnb cancels all DC-area bookings for inauguration week
Airbnb cancels all DC-area bookings for inauguration week
Walmart suspends political contributions to GOP lawmakers who opposed President-elect Joe Biden’s election certification (iStock; Getty)
Walmart cuts off cash to pols who opposed election certification
Walmart cuts off cash to pols who opposed election certification
President Donald Trump (Getty)
Banks, business partners cut Trump Org ties after Capitol attacks
Banks, business partners cut Trump Org ties after Capitol attacks
From left: Sen. Roger Marshall, Sen. Josh Hawley, Sen. John Kennedy, Sen. Ted Cruz and Senator Cindy Hyde-Smith (Getty, iStock)
National Association of Realtors among biggest donors to “sedition caucus”
National Association of Realtors among biggest donors to “sedition caucus”
From left: Donald Trump, Goldman Sachs’ David Solomon and Marriott CEO Arne Sorensen (Getty)
Banks join Marriott in halting political contributions after Capitol riot
Banks join Marriott in halting political contributions after Capitol riot
arrow_forward_ios

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

Loading...