Queens administrator auction reaps $4.9 million

Note: I’ll be taking a little time off, so there will be fewer posts next week.

The city’s estate auction of 15 Queens properties by owners who died without leaving a will garnered $4.854 million in winning bids for an even dozen apartments and single-family homes on Wednesday.

Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.

So. Ozone Park house sold for way more than the minimum.

According to results from Queens Public Administrator Lois Rosenblatt, the highest amount went for a Bayside house with a minimum bid of $536,000; the winning number was $735,000.  The lowest was for a Corona apartment that sold for the minimum of $79,000.

A house, on 135th Pl. in So. Ozone Park, fetched $485,000, an impressive 73 percent more than the upset price of $281,000.

Withdrawn from the auction were Continue reading

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15 Queens properties head to city auction

Single-family home in Middle Village with minimum bid of $412,000

Three co-ops and 12 single family homes are to be offered at an estate auction conducted on March 14 by Queens Public Administrator Lois Rosenblatt.

Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, range from $79,000 for an apartment in Corona to $675,000 for a house in Long Island City.

The house was one of two properties withdrawn prior to the city’s previous auction, in December.  Also returning to the auction block is a house on 63rd Avenue in Middle Village.

Below are the properties to be offered next month: Continue reading

City nets $3.377 million in Queens property auction

31-68 38th Street, Astoria

Although five properties found no bidders, the office of Queens Public Administrator Lois M. Rosenblatt, collected $3.777 million at its auction Tuesday of eight apartments and seven houses “inherited” by the city.

The former Astoria home of the late Eva Zacharaczuk topped the bids by far, going down for $1.41 million.

Following are the results, Continue reading

1 Brooklyn, 14 Queens properties head to auction

208-43 30th Ave., Bayside

Eight apartments and seven houses “inherited” by the city, including one in Brooklyn, will be auctioned on Tuesday, Sept. 28, starting promptly at 11 a.m., according to Queens Public Administrator Lois M. Rosenblatt.

The most expensive of the properties is a single-family detached brick house with garage in Bayside, for which the upset price if $525,000.

Inspection of everything on the block is scheduled for Sept. 25 and 26 10 a.m.-1 p.m.

Following are the properties to be auctioned: Continue reading

Bid on 29 apartments, houses in Queens, Brooklyn

The minimum bid for this Bayside property is $338,000.

The public administrator in Queens is auctioning off 10 co-ops, one condo and 18 single-family houses, each of them left by owners who died without a will.

The estate auction takes place June 29 at 11 a.m. at 88-11 Sutphin Blvd., Room 62, Jamaica.  Inspection will be June 26-27 between 10 a.m. and 1 p.m.

Regarding the co-ops below, the contracts will be nullified and deposit returned in the event that a board rejects a successful bidder. Continue reading

7 co-ops, 11 homes to be auctioned off March 9

The office of the Queens County Public Administrator has scheduled the auction of seven co-ops with starting bids ranging between $56,000 and $176,000.

Google satellite view of the Malba, Queens home to be sold. Click to expand and, below, see a photo of the two-story brick house with garage.

Also on the block March 9 at 11 a.m. will be 10 single-family homes and a condo (from what I can tell) with bids starting between $162,000 to $950,000.  The high upset price is for a place at 141-42 11th Ave., Malba.

And if you’d like to buy a big bunch of properties all at once, there’s a significant auction of a foreclosed East Harlem complex scheduled for March 11 at 11 a.m.

For risk-takers, the co-ops are being sold subject to the approval of the buildings’ board of directors. The units are: Continue reading