Queens auction tops minimum by 28 percent

The winning bid for this East Elmhurst house went way over the upset price of $488,000. (Source: Queens public administrator)

Winning bids at Wednesday’s estate auction of eight houses and three co-ops totaled $4.135 million, 28 percent more than the $3.201 million sum of the minimum prices set by Queens Public Administrator Lois Rosenblatt.

The East Elmhurst property shown above was the standout: It reached $740,000 vs. the upset price of $488,000.

Minimum (upset) prices are set by Rosenblatt at 25 percent below the appraised value.

Included in the auction were properties in Brooklyn, Bellerose and Flushing.

Below are the properties that were offered with winning bids in boldface following the upset prices:

Properties available at the auction
Picture Estate Name Address Price
Louis Guglieri 34-43 82nd St., Apt. 41
Jackson Heights
see details
 $141,000/$162,000
Pauline Lyons 99-30 59th Ave., Apt. 1F
Corona
see details
 $74,000/$74,000
Anna G. Scott 32-42 89th St., Apt. C101
Jackson Heights
see details
 $105,000/$163,000
Leroy C. Davis 31-17 98th St.
East Elmhurst
see details
 $469,000/$470,000
Ralph Furst 81-19 31st Ave.
East Elmhurst
see details
 $488,000/ $740,000
Sheldon Green 82-25 251st St.
Bellerose
see details
 $230,000/ $313,000
Nadia Jimenez 45-06 166th St.
Flushing
see details
 $460,000/ $535,000
Maude Reavis Vacant Land, Oswego County
see details
 $82,000/ $280,000
Vivian Rutledge 119-35 Inwood St.
Jamaica
see details
 $158,000/ $226,000
Franklin Shaw 216-17 115th Terr.
Cambria Heights
see details
 $139,000/ $170,000
Geneva Vincent 23-55 94rd St.
East Elmhurst
see details
 $311,000/ $378,000
Vincent Mastrantonio 115-08 Poppenhusen Ave.
College Point
see details
 $285,000/$365,000
John P. Collins 1309 Schenectady Ave.
Brooklyn
 $259,000/ $259,000

The sale was scheduled to take place at 11 a.m. in Room 62 of 88-11 Sutphin Blvd. in Jamaica, according to the administrator’s office, which told me the event was delayed “because we had some issues.”  What they were was not explained.

Tomorrow: Short but not sweet

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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