- President Donald Trump’s childhood home in New York City failed to sell at a November 14 auction, Jennifer Gould Keil reported for The New York Post.
- The five-bedroom, Tudor-style Queens home was put up for auction after failing to sell for its asking price of $2.9 million earlier this year.
- The home was most recently sold at auction for $2.14 million in March 2017.
- Back in August 2017, the home was listed on Airbnb for $725 per night.
- The home sits on a quiet street in Jamaica Estates, an affluent neighborhood in Queens about a 40-minute drive from Manhattan.
- Visit Business Insider’s homepage for more stories.
President Donald Trump’s New York City childhood home, where he lived until he was 4 years old, failed to sell at a November 14 auction, The New York Post reported.
The home was previously listed for $2.9 million in February, pulled off the market just 10 days later, and then went to auction house Paramount Realty USA.
Misha Haghani, founder of Paramount Realty USA, told Business Insider that the November auction was postponed because the auction house received no acceptable bids. The home has an undisclosed minimum price, meaning the auction house can refuse any offer below that.
Haghani said the auction was delayed to give those interested in crowdfunding the purchase of the home more time to raise money. Some groups want to donate the house to a veteran or immigrant family or create a museum, he said.
"We believe that such a crowdfunding process, where Americans (and anyone really) can say what they believe should be done with the property - by voting with their dollars - is more appropriate for a home of this nature, given its intangible value," Haghani told Business Insider.
According to the Post, a Los Angeles-based Trump critic started a GoFundMe fundraising page in September to raise $5 million to the house and then tear it down. The page appears to have raised $0.
A new auction date will be announced "when ready," Haghani said.
Take a look inside the president's childhood home.
Donald Trump's childhood home in New York City failed to sell at a November 14 auction, The New York Post reported.
Misha Haghani, founder of Paramount Realty USA, told Business Insider that the November auction was postponed because the auction house received no acceptable bids.
The home has an undisclosed minimum price, meaning the auction house can refuse any offer below that.
The house, which was listed for $2.9 million in February 2019 but pulled off the market less than two weeks later, is tucked away on a quiet street in the Queens neighborhood of Jamaica Estates.
Source: New York Post, Business Insider
Jamaica Estates is an affluent neighborhood about a 40-minute drive from Trump Tower in Midtown Manhattan.
Source: Google Maps
The home most recently changed hands in 2017, when a limited liability company called Trump Birth House LLC bought it at auction for $2.14 million. In February 2019, it was put back on the market for $2.9 million.
Source: The New York Post
The house went to auction again in September 2019, with the auction scheduled to close on November 14 — but the auction house didn't get any acceptable bids.
Haghani said the auction was delayed to give those interested in crowdfunding the purchase of the home more time to raise money. Some groups have goals in mind that include donating the house to a veteran or immigrant family or creating a museum, he said.
"We believe that such a crowdfunding process, where Americans (and anyone really) can say what they believe should be done with the property - by voting with their dollars - is more appropriate for a home of this nature, given its intangible value," Haghani told Business Insider.
Source: The New York Times, Paramount Realty USA
Jamaica Estates, where the house is located, is filled with stately homes and wide, tree-lined streets.
Trump has described the neighborhood an "oasis." He told The New York Times in 2015 that it was "safe" and "very family oriented."
The five-bedroom, 2,500-square-foot Tudor-style home was built by the president's father, Fred Trump, in 1940. Trump lived in the five-bedroom house until he was 4 years old.
Source: Business Insider
According to a previous listing, the house includes a finished basement, an enclosed patio, a five-car driveway ...
Source: Trump Birth House
... and a two-car garage.
Source: Trump Birth House
A life-sized cardboard cutout of Trump can be seen in one of the living areas in the listing photos.
Source: Trump Birth House
The home features arched doorways and hardwood floors.
Source: Paramount Realty USA
The listing photos, however, show that much of the interior appears a bit dated.
Source: Paramount Realty USA
Photos show a wood-paneled library containing hundreds of books and a sturdy wooden desk.
Source: Paramount Realty USA
The listing photos show what appears to be a glass-enclosed sun room at the back of the house.
Source: Paramount Realty USA
Trump's childhood home was once listed on Airbnb, back in August 2017, for $725 per night.
Source: The New York Post
Misha Haghani, the founder of Paramount Realty USA, told Mansion Global in September, when the most recent auction kicked off, that he expects the house to sell for between $2 million and $6 million.
Source: Mansion Global
"The value is not in the bricks and mortar, it is in the association with the president of the United States," Haghani said.
Source: Mansion Global
A new auction date will be announced for the home, according to Haghani.
