Auctioneer Chuck Scheifer swivels and spots a bidder in packed room.
In a highly successful auction Wednesday of two Manhattan buildings that the state has declared surplus, taxpayers benefited with winning bids totaling $5.97 million.
An estimated 300 individuals jammed into the auction room on the eighth floor of the Adam Clayton Powell State Office Building on 125th Street to witness or participate in the sale. There were 107 registered bidders, according to one official.
“Our goal is to get property on the tax rolls,” said the official, James P. Sproat, director of Real Estate Planning & Development in the Office of General Services. “We’re satisfied that we’ve done the best for the taxpayers.”
Auctioneer Chuck Scheifer was less restrained: “I’m incredibly pleased and thrilled,” he allowed. “Fantastic.”
Immediately after bidding successfully on 364 W. 119 St., the buyer (in blue shirt) and auctioneer converse.
First on the block was Continue reading
Squash anyone? Kitchen of brownstone listed for $10 million.
They closed on the brownstone on Aug. 20, 2008 for $7.85 million.
It happens that Lehman brothers collapsed less than a month later, causing our housing markets to swoon.
While the markets in Manhattan and Brooklyn in particular have made great progress since then, we still have a way to go before reaching the peaks of days gone by.
Unfortunately, the sellers — I’m sure, a very nice family — have overestimated the demand for properties that can accommodate a big family easily. Continue reading
Two houses in Manhattan also are available to bidders
If security is paramount, the happiness will be hard to contain of whoever is the winning bidder at the auction of a property in Northern Adirondack Park this summer.
On 27.3 acres in the hamlet of Lyon Mountain in Dannemora, the property includes several acres of undeveloped land and 23 buildings totaling 90,676 square feet.
New York State is selling the former minimum-security correctional facility as surplus property on July 10, and the minimum bid is a mere $140,000.
(If a second prison might prove to be of interest, the former Arthur Kill Correctional Facility on the southern tip of Staten Island is for sale as well, but not at auction.) Continue reading
14 Queens co-ops, houses also go on the block in March
The bankruptcy saga of the Upper West Side brownstone, right, finally seems to be coming to an end.
The 11-unit townhouse at 313 W. 77th St. went on the market in September of 2011 at an asking price of $3.995 million. It has languished since then.
Still, the 5,898-sf brownstone between West End Avenue and Riverside Drive is bound to fetch more than that at a bankruptcy auction.
Bankruptcy trustee Albert Togut of the Togut, Segal & Segal law firm previously entered into a contract to sell the building for $3.75 million with a tenant who has agreed to move out if an offer of at least $4.5 million is made to purchase the place vacant.
Consequently, any successful bidder below $4.5 million would have a doozy of a time Continue reading
- One of the brownstone gardens among many.
The listing sounds pretty tempting:
“. . . [A] den/dining/sunroom with skylights and large windows to the lush garden, a true Eden.”
This one seems just as nice:
“In a historic townhouse, this apartment has three levels, a beautiful, private garden, and 2 or 3 bedrooms with 2 renovated baths.”
And there’s this one:
“The living room opens to the verdant garden of approximately 500 square feet, with attractive hardwood decking surrounded by lush plantings.”
This too (albeit grammatically erratic):
“Cute Garden with grill, quiet with lots of plants and lovely brick walkway connecting kitchen Garden.”
- And another.
“Beautiful brownstone triplex with large landscaped garden, three bedrooms and three and a half baths, steps from Central Park.”
And the last:
“Large bright parlor floor 2 bedroom with 12-foot ceilings and classic hardwood detail . . . Eight-foot windows look out on a well maintained private garden.”
Although you may have surmised with some justification that I’m fixated on gardens again, my point Continue reading
This photo of a brownstone
Because we are moving into August, there will be just one more Out and About before Labor Day. But you’ll find other posts, published somewhat less frequently than usual, until then.
Have a look at the photo at the left and consider how much you approve of painting over antique woodwork.
Having seen that wonderfully ornate woodwork, I suspect that someone has monkeyed with the photo. In person, I was turned off by many layers of paint that obscured the detail and failed to cover up numerous underlying flaws. (Unfortunately, the photo doesn’t do the bannister injustice.)
It seems clear that the paint, as usually is the case, was a cost-saving shortcut that, to my mind, only amplified the defects in the woodwork. How lovely that ornamentation would have looked when repaired and polished. But how expensive the project would be.
Such corner cutting is typical of what I see in turn-of-the-century brownstones that have been divided into apartments, and I think Continue reading
Photos of duplex at 444 Central Park West courtesy of listing broker Matthew Steele of CitySites Real Estate Group.
In the course of my open house rounds, I see properties that are listed for as little as $300,000 and as much as many millions, well into the double digits.
You might expect me to go gaga (sorry, Lady) over the most expensive ones. And they obviously do make a strong impression, but they begin to look the same after a while.
I find that I can pretty well predict how a high-priced property will look even before I go through the door whether in a pre-war or a post-war building. It’s the exceptions at various price points that get my heart beating fast, however. Continue reading
It's hard to fault the views from many Central Park West apartments.
Two full-through condos are on the market in the same building on Central Park West in the mid 90s.
Their views of the park from oversize windows in the living room and master bedroom are bracing, though the bus and other traffic noise on the street below could prove annoying.
These four-bedroom, 2,733-sf apartments in a 1992 building are pretty impressive, and they are priced half a million dollars apart.
Their price histories are curious, especially when compared with each other. Continue reading