Mr Trump's childhood home was scheduled to go to auction before the recent US election. But a last minute flood of interest led the vendors to postpone the sale, and the property could now fetch as much as US$10 million (more than AU$13 million) due to its new potential as a landmark home.
It wasn't always gold-plated finishes for Donald Trump. The US president elect spent his early years in a relatively modest brick & stucco Tudor-style home in Queens.
The house was built by Trump's father, Fred, who was a real estate investor, but the family moved when Trump was only four to a large brick mansion around the corner.
The house for sale today is owned by restaurateur, Isaac Kentenberg and his estranged wife, Claudia.
The couple were due to put the house to auction before the federal election, but a last-minute flood of interest led the vendors to reconsider the sale, and now that Trump will soon be the president, they hope to cash in on the historic result.
The New York Post says experts say the house could now fetch as much as US$10 million (more than AU$13 million) due to its new potential as a landmark home.
The owners bought the house in 2008 for just US$782,500 (just over AU$1 million).
“I’d love to say we knew he’d win, but it was a gamble,” said Misha Haghani, owner of Paramount Realty USA, who is handling the property's auction.
“It was a little bit of a risk, but it worked out,” said Haghani. “Now that it is the childhood home of the president-elect, it has increased in value.”
“The house has at least tripled in value, if not 10 times in value” since the election, celebrity real estate agent Dolly Lenz told The New York Post.
“Now that he’s (president-elect), it’s worth a lot more," she said. "There are lots of wealthy people who buy trophy homes as one-offs,” she added.
Lenz said the best use of the house would be for a billionaire to turn it into a museum. "It’s an amazing opportunity for somebody," she said.
The home has five bedrooms, 4.5 baths, a living room with a fireplace, a formal dining room, eat-in kitchen, and hardwood floors. It has a five-car driveway, and is close to the subway and shops.
The property will now go to auction in the first week of December.
See also:
A Trump presidency - what will it mean for property in Australia?
Could Trump mean the end of low interest rates?
What impact will President Trump have on Australian property?