Trump’s childhood house in Queens, NY is the largest high -level sale: expert

President Donald Trump is known for the art of agreement. However,, His childhood home in Queens Sold at a loss of $ 1.2 million last month.

While Trump had nothing to do with the sale of the house of the Jamaica domains, where he lived until the age of 4, he sold for only $ 835,000 after sold $ 2.1 million in 2017.

New York files show that the house of 2,500 square feet, located 22 miles from Manhattan, was sold to an LLC based in New York named 1388 Group. The house was sold in an off -market agreement, and the seller “just needed money”, according to the New York Post.

Unlike the two previous sales in 2016 and 2017, this sale went under the radar – these sales were auctions with great attention from the national media. Misha Haghani, CEO and founder of Paramount Realty, the auction company that managed the first two sales, said that he had never seen anything like it.

“I don’t think there has never been a auction on the planet for a property that was more publicized – I’m almost sure of that,” Haghani told Business Insider.

“He introduced himself to being the 45th President of the United States,” he added. “Before that, there were only 44 American presidents. How many of their childhood houses do you still think?”

Initially, an auction in person was scheduled for the day of the final presidential debate in 2016, but there was so much attention that it had to be postponed.

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Haghani thinks that the bustle surrounding the first sale increased the value of the house – he thought it was worth around $ 950,000 at the time.

Haghani said the seller had still received an offer and wanted to accept, so they sold the house for 1.39 million dollars in December 2016.

In January 2017, the room was again at auction – this time, an auction of sealed submission, where hopes blindly submit a certain deadline. The second sale increased the additional value by 50%because the house sold $ 2.14 million.

Haghani said he “was surprised” by figures.

However, the most recent sale price was not surprising because the house had recently fallen in ruins. In October, the Real estate website has been reduced reported These 20 to 30 wild cats carried out the now abandoned property.

Trump’s father, a real estate developer, built the five-bedroom house and the neighborhood himself. According to Realtor.com, the median registration price for a house in the neighborhood is today $ 1.5 million.