Bidding environment now ‘absolutely insane’
Contract activity soars above prior years, thereby confirming both item above and my Wednesday post
Prices soar 11 percent from January 2012
Prior to usual seasonal increase, February rents in Manhattan (more…)
This Long Island City house fetched the highest price among eight properties at auction.
With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.
The total topped the collective minimum price of $1.991 million by nearly $1 million. The gain amounted to 48 percent more than the sum of what Queens Public Administrator Lois Rosenblatt terms the “upset price.”
Properties on the block ranged in price between $120,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.
Below are the results: (more…)
This house in Long Island City requires the highest minimum bid, $600,000.
The estate auction of two co-ops and eight houses in Queens is to take place on Dec. 12.
Queens Public Administrator Lois Rosenblatt scheduled the auction of properties ranging in price between $100,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.
Below are the residences headed for the auction block, (more…)
Single-family home at 23-31 37th St., Long Island City, fetches highest price in public administrator’s auction, going way over its minimum.
The auction Wednesday of 15 apartments and single-family homes in an estate sale by Queens Public Administrator Lois Rosenblatt will add $6.012 million to the city’s coffers.
All of the properties remaining after three apartments were routinely withdrawn before the event, which was held in the State Supreme Court building in Jamaica, found buyers.
Proceeds exceeded by $1.6 million the total of $4.412 minimum prices set by the public administrator, or 36 percent.
Although a Long Island City house that had been withdrawn from previous sales twice received the highest winning bid, $935,000, a Woodside house that went for $315,000 registered the biggest percentage gain over the minimum.
The Long Island City property went for (more…)
2 South Country Rd., Westhampton
Queens Public Administrator Lois Rosenblatt has scheduled the estate auction of 13 houses and five co-operative apartments for June 13.
Included in the auction are properties in Little Neck, Westhampton and Monticello.
Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, range from $64,000 for an apartment in Jackson Heights to $675,000 for a house in Long Island City that was withdrawn prior to the administrator’s sales in December and March.
Below are the properties to be offered next month: (more…)
State gives into developers’ concerns about requiring offering plans to be digitized
There is nothing like a closing
Long Island City is starting to turn the corner
Renters indirectly stuck with lion’s share of property taxes
Industry casts skeptical eye on real estate brokers serving on their building’s board
Real Deal tackles rent vs. buy by Manhattan neighborhoods
New kind of report slices and dices rents by neighborhood and building type
Although half of 2007′s peak, residential construction mushrooms
Note: I’ll be taking a little time off, so there will be fewer posts next week.
The city’s estate auction of 15 Queens properties by owners who died without leaving a will garnered $4.854 million in winning bids for an even dozen apartments and single-family homes on Wednesday.
Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.
So. Ozone Park house sold for way more than the minimum.
According to results from Queens Public Administrator Lois Rosenblatt, the highest amount went for a Bayside house with a minimum bid of $536,000; the winning number was $735,000. The lowest was for a Corona apartment that sold for the minimum of $79,000.
A house, on 135th Pl. in So. Ozone Park, fetched $485,000, an impressive 73 percent more than the upset price of $281,000.
Withdrawn from the auction were (more…)
Single-family home in Middle Village with minimum bid of $412,000
Three co-ops and 12 single family homes are to be offered at an estate auction conducted on March 14 by Queens Public Administrator Lois Rosenblatt.
Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, range from $79,000 for an apartment in Corona to $675,000 for a house in Long Island City.
The house was one of two properties withdrawn prior to the city’s previous auction, in December. Also returning to the auction block is a house on 63rd Avenue in Middle Village.
Below are the properties to be offered next month: (more…)
Luxury market in Brooklyn attains four-year high
When having your child sleep in a room, it really should have windows
Even homeowners facing foreclosure take to home repairs
For celebrity stalkers, there’s nothing like a cool map
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Rents bordering Second Avenue subway drop but rise one avenue away
Mom, 92, battles son, 58, to get back into condo she owns
Slice of the Upper West Side overlooking Hudson River lacks name
Long Island City undergoes third wave of gentrification
Ambivalent about selling, a legendary interior designer lists his Manhattan pied-à-terre for $22.5 million. . . unfurnished
Financial services sector is producing fewer buyers and renters
Some neighborhoods are much tighter than others
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You have options for a neighbor who drives you nuts
Foreclosures fall citywide, despite more co-ops for 4th straight month
Long Island City way past the tipping point
Grammy winner and wife buy Greenwich Village penthouse
Presidential relationship hardly helps sale of former Avedon townhouse
