Building at 204 E. 7th St., where a studio apartment at auction received the most active bidding, selling finally for $194,000.
Only four of 10 properties offered at auction by Public Administrator Ethel J. Griffin in Manhattan found buyers today.
Worse, the city collected just 26 percent of the minimum for all the properties. The minimums totaled $2.921 million, but the amount sold reached only $746,000.
In the Surrogate’s Courthouse oppostie the Municipal Building in lower Manhattan, the event attracted an unusually large crowd of some 60 individuals, some of them merely accompanying the bidders.
The first property offered, a 304-sf co-op in poor condition at 204 E. 7th St., had 15-20 bidders jammed in front of a long conference table at which city officials and lawyers were seated as the sale of Unit 12 began. Continue reading
View from the Castle Village complex of five buildings from 120 to 200 Cabrini Boulevard in Washington Heights. A one-bedroom unit at 180 Cabrini Boulevard is in the city's estate auction next month.
Two co-ops that bidders previously shunned and six newly available ones, plus a West Harlem condo, are scheduled to be auctioned from the estates of owners who left no wills by Public Administrator Ethel J. Griffin in Manhattan on Dec. 8 at 11:30 a.m.
In a rare occurrence, a property outside of Manhattan also is to go on the block. It is a single-family house in the East Hampton area with a minimum bid of $725,000. The house has one and a half stories over a basement and a two-car garage with annual taxes of $5,800. It can be inspected Nov. 20, Nov. 27 and Dec. 4 from 9 a.m. to 3 p.m.
Minimum bids for the apartments, which span Washington Heights and Chinatown, range from a low of Continue reading
The impossibly ornate Surrogate's Courthouse, where the auction was held.
Public Administrator Ethel J. Griffin’s poorly attended estate auction of nine apartments Tuesday produced sales totaling only $2.374 million.
Five of the properties ranging in location from Chinatown to Washington Heights failed to attract even one bidder. A co-op on West End Avenue in Lincoln Towers sold to a sole bidder for its minimum of $300,000.
There were just two bidders for Continue reading
45 Sutton Place South
Update: The Eldridge Street property has been withdrawn from the auction.
In its first estate auction of Manhattan properties since March, the city is putting on the block 10 co-operative apartments to be sold Sept. 27.
New York Public Administrator Ethel J. Griffin is offering units ranging from Chinatown to Washington Heights. Among them are apartments on Sutton Place South, in the Lincoln Towers complex and on Carnegie Hill.
Minimum bids range from $45,000 for one of three limited-income co-ops to $950,000 for the ones on Sutton Place South and Carnegie Hill. Continue reading