Queens auction produces $3M in winning bids

This Long Island City house fetched the highest price among eight properties at auction.

With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.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: Continue reading

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Auction scheduled of 10 Queens residences

This house in Long Island City requires the highest minimum bid, $600,000.

The estate auction of two co-ops and eight houses in Queens is to take place on Dec. 12.

Queens Public Administrator Lois Rosenblatt scheduled the auction of properties ranging in price between $100,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.

Below are the residences headed for the auction block, Continue reading