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 Three other properties were withdrawn prior to the estate sale.
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A condo in the Lenox Hill neighborhood will be offered with a minimum bid of $1.2 million at the first city auction of Manhattan properties since June.
Public Administrator Ethel J. Griffin scheduled the sale of 13 properties from the Lower East Side to Inwood for March 21. Minimum bids range from $45,000 for an income-limited studio in Harlem to the East Side condo’s $1.2 million.
The estate of one Ronald Cohen, the four-room unit 24C in Bridge Tower Place, a full-service 1999 building at 401 E. 60th St., is advertised as having 1,130 square feet with common charges of $1,400 monthly and annual taxes of $21,000. Active listings in the building average Continue reading
14 Queens co-ops, houses also go on the block in March
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
With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.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.
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