Update (11:22 a.m.): Auction will not take place as scheduled.
A co-op in a prestigious Fifth Avenue building on the Upper East Side is to be sold in a foreclosure auction scheduled for Thursday.
Rare for such an apartment, the sale appears to have resulted from the death of one Rita Haberman, about whom I could find no reliable information. (Update: More about Haberman and her estate here.)
At 1016 Fifth Avenue, on the southwest corner of 83rd Street and across from the Metropolitan Museum of Art, Unit 8D likely has a value of more than $3 million.
By comparison, Unit 10D provides 541 shares and 8D, 510. The higher co-op is listed as a seven-room, 2,200-sf apartment with two bedrooms and one and a half baths, though I see more on its floorplan below. It is on the market for Continue reading