Brooklyn estate auction produces mixed results

More than 200 persons crowded into a courtroom in State Supreme Court, Brooklyn, for Tuesday’s auction.

With a total of $9,304,000 in winning bids, Tuesday’s estate auction by King’s County Public Administrator Bruce L. Stein produced mixed results.

Many properties enjoyed spirited bidding, topping the minimum amounts substantially, while others went begging.

Excluding the single-family house that was withdrawn at the outset, minimum bids totaled $13,582,000. The proceeds consisted of just 69 percent of that sum.

Six of the houses and co-ops on the block received no bids (26 percent), three Continue reading