Twenty-one single-family homes and co-ops are to be auctioned by the King’s County Public Administrator on Tuesday, Dec. 3 at 2 p.m.
The properties, which were owned by individuals who died without wills, have opening bids ranging from a low of $90,000 to as much as $4 million.
The $4 million property is in the heart of downtown Brooklyn, close to the City Point development, the nearly completed Aloft Hotel and the newly opened Sheraton from what I can tell after hours of online research. (Sorry, but Brooklyn isn’t my strength.)
It is beyond my ken to know whether the two tax lots (51 and 52) being auctioned together had anything to do with the Underground Railroad as some believed was the case of 231 Duffield Street, which abuts them.
(The hotels are on the other side of Duffield Street from the block in which are situated the properties to be auctioned, according to a helpful map on the City Point Web site.)
A third hotel, which is being developed by V3 Hotels, has 231 Duffield St. as its address. Unfortunately, I don’t know the status of its construction, though groundbreaking for the facility was announced in July last year.
At least I can state with some confidence one David Walker was the owner of 436-438 Albee Square (facing what was known as Gold Street), according to city records.
StreetEasy.com has 436 Albee Square shown as a two-family house on a 2,483-sf lot. It is described as “old,” but there are no other useful details. However, the city’s documents show that the house lot runs 21.5 feet along Albee Square. The second lot, beside the larger one, is barely more than six feet wide. Each is 115.5 feet deep.
436-438 Albee Square fronts old Gold Street and is across from the City Point development. The checkered history of Albee Square is long, fascinating and perhaps worth your time.
For those whose pockets are not quite $4 million deep, below is a list of all the available properties being put on the block. (The asterisks indicate those that can be viewed only from outside. Caveat emptor!)
Inspection of the properties is scheduled for this weekend, Dec. 4 from 10 a.m. to 4 p.m. and Dec. 5 from 11 a.m. to 4 p.m.
The auction is to take place in Brooklyn Supreme Court, 380 Adams St., and the usual terms apply. You’ll need a certified check payable to you or the Public Administrator of Kings County equal to 10 percent of the opening bid, plus a blank check for the difference should you win.
At this writing you’ll find little more than what I have written about the auction itself or promised photos on the Public Administrator’s Web site.
Given the number and range of properties on the block, I plan to attend, Tweet some of the results afterward and post details the following day.
Maybe I’ll see you there. If you spot me, I hope you’ll say hello.
Tomorrow: An auction of properties in Queens
Licensed Associate Real Estate Broker
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Charles Rutenberg Realty
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New York, NY 10022