Co-ops in Manhattan auction draw limp bidding

The impossibly ornate Surrogate's Courthouse, where the auction was held.

Public Administrator Ethel J. Griffin’s poorly attended estate auction of nine apartments Tuesday produced sales totaling only $2.374 million.

Five of the properties ranging in location from Chinatown to Washington Heights failed to attract even one bidder.  A co-op on West End Avenue in Lincoln Towers sold to a sole bidder for its minimum of $300,000.

There were just two bidders for Continue reading

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10 Manhattan co-ops to be auctioned Sept. 27

45 Sutton Place South

Update: The Eldridge Street property has been withdrawn from the auction.

In its first estate auction of Manhattan properties since March, the city is putting on the block 10 co-operative apartments to be sold Sept. 27.

New York Public Administrator Ethel J. Griffin is offering units ranging from Chinatown to Washington Heights.  Among them are apartments on Sutton Place South, in the Lincoln Towers complex and on Carnegie Hill.

Minimum bids range from $45,000 for one of three limited-income co-ops to $950,000 for the ones on Sutton Place South and Carnegie Hill. Continue reading