Going, going, gone to the gutsiest bidder

Forget the beach on Sunday!  Blow off that matinee performance!  Bring money!

If you’ve got ice water in your veins and cash in your wallet, maybe you’ll want to pit yourself against those nearly 1,700 others aiming to buy at least one of the more than 150 properties in the New York area to be auctioned off at the Grand Hyatt in midtown.

The event is being held by Real Estate Disposition, which provides details on its Web site.  In March, the company’s auction of 207 properties brought in $18.6 million, according to Crain’s, which says many of the some 2,000 folks who attended won bids for properties at 50-60% of their assessed value.

Can you catch a bargain?  Continue reading