City collects $3 million from Queens auction

The estate auction of ultimately 19 properties in various Queens neighborhoods attracted $2.969 million in winning bids last week.

Withdrawn from the sale was a two-story detached frame house in East Elmhurst, and six of the properties failed to achieve their minimum bids.

The highest bid went for the Elmhurst house shown here; It sold for $500,000, well above the upset price of $319,000.  In all, nine properties were hammered down at prices higher than the minimum set by Queens Public Administrator Lois M. Rosenblatt.

Below are the all the results of the auction, which was held March 15. Continue reading

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