With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.
The total topped the collective minimum price of $1.991 million by nearly $1 million. The gain amounted to 48 percent more than the sum of what Queens Public Administrator Lois Rosenblatt terms the “upset price.”
Properties on the block ranged in price between $120,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.
Below are the results:
|Estate Name||Address||Upset Price/Result|
37-45 84th St., Apt. 41
|Alan I. Gotlieb||
90-11 Northern Blvd., Apt. 211
114-28 179th St.
114-16 210th St.
37-38 58th St.
|Bernard Long, Shirley Pinckney||
107-31 156th St.
94-15 85th Ave.
119-35 Inwood St.
34-44 33rd St.
167-05 118th Avenue
|Joseph A. Stuart
225-30 Mentone Ave.
The auction took place late this morning in Jamaica.
I wasn’t able to attend or to call the public administrator during office hours, so I am mystified by the one winning bid, which was for the lone apartment in the sale, below the advertised upset price.
As for the apartment and houses withdrawn prior to the sale, that is a routine occurrence.
Tomorrow: It takes 3 kinds
To take your own bite out of the Big Apple, you have the option here to search all available properties privately.
Licensed Associate Real Estate Broker
Senior Vice President
Charles Rutenberg Realty
127 E. 56th Street
New York, NY 10022