This Forest Hills semi-attached residence, which is subject to tenancy, has a minimum bid of $488,000 in the public administrator’s upcoming estate auction.
Queens Public Administrator Lois M. Rosenblatt will auction off four co-ops along with 14 single-family houses and other properties on Sept. 10 at 11 Sutphin Blvd. in Jamaica.
Properties range in price from $19,500 for 1.2 acres of vacant land in Greene County to $1.688 million for a one-story, 4,960-sf commercial warehouse in Long Island City.
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Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022
Auctioneer Chuck Scheifer swivels and spots a bidder in packed room.
In a highly successful auction Wednesday of two Manhattan buildings that the state has declared surplus, taxpayers benefited with winning bids totaling $5.97 million.
An estimated 300 individuals jammed into the auction room on the eighth floor of the Adam Clayton Powell State Office Building on 125th Street to witness or participate in the sale. There were 107 registered bidders, according to one official.
“Our goal is to get property on the tax rolls,” said the official, James P. Sproat, director of Real Estate Planning & Development in the Office of General Services. “We’re satisfied that we’ve done the best for the taxpayers.”
Auctioneer Chuck Scheifer was less restrained: “I’m incredibly pleased and thrilled,” he allowed. “Fantastic.”
Immediately after bidding successfully on 364 W. 119 St., the buyer (in blue shirt) and auctioneer converse.
First on the block was Continue reading
Two houses in Manhattan also are available to bidders
If security is paramount, the happiness will be hard to contain of whoever is the winning bidder at the auction of a property in Northern Adirondack Park this summer.
On 27.3 acres in the hamlet of Lyon Mountain in Dannemora, the property includes several acres of undeveloped land and 23 buildings totaling 90,676 square feet.
New York State is selling the former minimum-security correctional facility as surplus property on July 10, and the minimum bid is a mere $140,000.
(If a second prison might prove to be of interest, the former Arthur Kill Correctional Facility on the southern tip of Staten Island is for sale as well, but not at auction.) Continue reading
Stella Tsang (left), her husband center and auctioneer Mike Lewis going over contract.
A Long Island woman who gave her name as Stella Tsang was the winning bidder at today’s auction of a Chelsea condo that the U.S. Treasury Department seized after a former president of Taiwan pleaded guilty to money laundering.
Her final Continue reading
A property ensnared in an international money-laundering scandal to which a former president of Taiwan has pleaded guilty is to be auctioned this month by the U.S. Treasury Department.
The auction of the 1,1,78-sf luxury condo in Chelsea’s Onyx, at 261 W. 28th St., is scheduled for April 23.
According to the World Bank, which cites a U.S. Justice Department press release, the sale stems from a conviction by former Taiwan President Chen Shui-Ben and his wife for bribery, embezzlement and money laundering.
Alleging that the apartment Continue reading
29-25 Ericcson St., East Elmhurst, went for $510,000 on Wednesday.
At Wednesday’s auction by Queens Public Adminstrator Linda M. Rosenblatt, successful bids on 10 properties totaled $2.957 million. Three other properties were withdrawn prior to the estate sale.
Here are the results: Continue reading
14 Queens co-ops, houses also go on the block in March
The bankruptcy saga of the Upper West Side brownstone, right, finally seems to be coming to an end.
The 11-unit townhouse at 313 W. 77th St. went on the market in September of 2011 at an asking price of $3.995 million. It has languished since then.
Still, the 5,898-sf brownstone between West End Avenue and Riverside Drive is bound to fetch more than that at a bankruptcy auction.
Bankruptcy trustee Albert Togut of the Togut, Segal & Segal law firm previously entered into a contract to sell the building for $3.75 million with a tenant who has agreed to move out if an offer of at least $4.5 million is made to purchase the place vacant.
Consequently, any successful bidder below $4.5 million would have a doozy of a time Continue reading
Semi-detached brick house with driveway and two-car garage at 50 Tapscott St. (Source: Kings County Public Administrator)
At Tuesday’s estate auction by King’s County Public Administrator Bruce Stein, the last was first in terms on the amount of its winning bid — $1.45 million, 62 percent above the minimum opening bid.
The object of spirited bidding by some half dozen hopefuls, the property at 51 Havermeyer St. was the last of 10 houses on the block. Its minimum was $890,000.
The winner was a man who Continue reading