City to auction off $3 million condo, 8 other units

Condominium called the Ice House at 27 North Moore St. in Tribeca

The sale of a condo with a minimum bid of $3 million is the highlight of a new estate auction scheduled for June 28 by Public Administrator Ethel J. Griffin.

Among the eight other apartments to go on the block starting at 11:30 a.m. are three income-limited units, a co-op in the Kips Bay neighborhood and one on the Upper West Side in the Lincoln Towers complex.

The $3 million unit is in the Ice House, at 27 North Moore St., in Tribeca.  It was owned by one Veronica Lee, but I have been unable to find verifiable information about her.

What I know is that the loft was listed for $3.2 million in March 2004 and that Lee closed on the sale the following August.

(Update: Curbed says Lee died owing $1.9 million to JPMorgan Chase, which has liens on the condo equal to its $1.9 million mortgage. The Web site also reports that the late owner paid $774,000 for the unit in 1999.)

The city’s auction notice has the condo containing two bedrooms and two-baths within 2,052 square feet.  However, the 2004 listing shows three bedrooms and 2,450 square feet.

Unit #2C, one floor below the loft to be auctioned at 27 Moore St. (Click to enlarge.)

The Ice House was constructed in 1905 and was converted into a condominium in 1998.  There are a garage, a fitness room, a roof deck and key-operated elevators.

Each apartment was developed to include a laundry room, kitchens with stainless-steel Viking stove, Sub-Zero refrigerator, maple cabinets, and marble-tiled baths with nickel fixtures.

Alexis Stewart, Martha’s daughter, owned a penthouse in the Ice House until early last year.

As for the Kips Bay co-op, it is one of the biggest units in the 1963 New York Towers, which has 388 apartments on 20 floors.  Also big is the Lincoln Towers property, built in 1961 with 450 apartments on 29 floors.

Minimum bids for the units on the block, which span Chinatown and Harlem, range from a low of $65,000 for a 430-sf co-op on W. 138th St. that has income limits to the condo on North Moore St.

Regarding the three co-ops for buyers with limited income, the action during past sales suggest that they will be the object of spirited building.

Below are the properties to be offered:

  • 180 West End Ave., #20L, estate of David Feldman, 1,225 square feet, two-bedroom, two-bath co-op, $2,136 maintenance,$930,000 minimum;
  • 210 East Broadway, #H1307, estate of Minnie Sloan, 722 square feet, one-bedroom co-op with balcony, $621 maintenance plus $33 assessment, $438,000 minimum;
  • 27 North Moore St., #3C, estate of Veronica Lee, 2,052 square feet, two-bedroom, two-bath condo, $1,154 common charges, $14,520 annual taxes, $3 million minimum;
  • 788 Ninth Avenue, #3B, estate of William Campbell, 457 square feet, one-bedroom co-op, $882 maintenance plus $172 assessment, $274,000 minimum;
  • 128-130 W. 138th St., #3B, estate of Beatrice Johnson, 524 square feet, three-room HDFC co-op subject to maximum income limits, $385 maintenance, $70,000 minimum;
  • 128 W. 138th St., #3F, estate of James Johnican, 430 square feet, one-bedroom HDFC co-op subject to maximum income limits, $330 maintenance, $65,000 minimum;
  • 305 E. 24th St., #15S, estate of Paul Rood, 1,584 square feet, five-room, two-bath co-op with large terrace, $2,292 maintenance, $1.050 million minimum;
  • 523 W. 143rd St., #2B, estate of Randolph Woods, 1,090 square feet, six-room HDFC co-op subject to maximum income limits, $522 maintenace, $150,000 minimum;
  • 100-106 W. 141st St., #26, estate of Emmanuel Etienne, 1,052 square feet, six-room HDFC co-op subject to maximum income limits, $875 maintenance, $120,000 minimum.

The apartments may be inspected June 19, 20, 21, 25, 26 and 27 from 11 a.m. to 2 p.m. each day.

The auction is to take place at 31 Chambers St., Room 503, just west of the Municipal Building.

To bid, take a certified or official bank check equal to 10 percent of the minimum bid and payable to the public administrator.  The money will not be refunded to successful bidders unless the co-op board rejects the winner’s application to purchase the apartment.

As usual, the sale terms are all cash.

Properties that go unsold are put on the block one more time and then go to a real estate broker in the event they fail to find a buyer.

The public administrator’s telephone number for further information is 212-788-8455.

Also to be auctioned in the metropolitan area are properties to be sold by David R. Maltz & Co.  They include seven bankruptcy, estate and foreclosure sales in Queens and Nassau counties.

Unfortunately, I didn’t see before Sunday any notice of the auction, which is to take place in Plainview on Tuesday, June 12.  By the time you read this post, the opportunity to inspect the properties will have passed.

Tomorrow: Out and About

To take your own bite out of the Big Apple, you have the option to search all available properties privately.

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Malcolm Carter
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022

M: 347-886-0248
F: 347-438-3201

Malcolm@ServiceYouCanTrust.com
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