Brooklyn house easily tops auction minimum

Semi-detached brick house with driveway and two-car garage at 50 Tapscott St. (Source: Kings County Public Administrator)

At Tuesday’s estate auction by King’s County Public Administrator Bruce Stein, the last was first in terms on the amount of its winning bid — $1.45 million, 62 percent above the minimum opening bid.

The object of spirited bidding by some half dozen hopefuls, the property at 51 Havermeyer St. was the last of 10 houses on the block.  Its minimum was $890,000.

The winner was a man who identified himself merely as “Lok,” declining to elaborate.  He was one of the bidders who variously offered several times the auctioneer’s $10,000 increments in an attempt to pre-empt additional bids.

Winning bidder of top-priced property.

Winning bidder of top-priced property.

When the hammer went down, the remaining audience broke into applause.

He won a brick rowhouse that has three stories and a capacity of three families in its 3,525 square of living area.  It is in the estate of one John Krantz.

Although two of the houses went unsold — 50 Tapscott St. (pictured at the top), for the second time running, and 1509 East 94th St. — the auction was a modest success.

Winnng bids totaled $4.435 million versus the $4.119 million sum of the minimum opening bids.

Complete details of the auction can be found on the public administrator’s Web site, but you can see below a summary of all 10 properties along with the results in boldface:

299 Bay 13th St……………………………………$410,000/410,000

2343 60th St………………………………………….590,000/695,000

573 Alabama Ave…………………………………..175,000/265,000

620 Snediker Ave…………………………………..200,000/225,000

574 Decatur St……………………………………….370,000/470,000

374 Harman St………………………………………250,000/405,000

1001 Clarkson Ave………………………………. 515,000/515,000

1509 E. 94th St………………………………………..320,000/no bid

50 Tapscott St………………………………………..399,000/no bid

51 Havemeyer St………………………………890,000/1,450,000

The auction was in the Brooklyn Supreme Court building, near Borough Hall.

Tomorrow: Getting a charge from Con Ed

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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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