Queens auction enjoys strong bidding

This property at 195 Keno Ave., Holliswood, went for 35 percent over the minimum bid.

Tuesday’s estate auction by Queens Public Administrator Lois Rosenblatt of ultimately 20 co-ops and houses Tuesday eked out 1 percent more than the total minimum bids of $$4.315 million.

The amount of winning bids reached $4.355 million.

Although I wasn’t present, the results suggest spirited bidding for the properties that went down; many of them significantly exceeded the administrator’s upset prices.

Accounting for the merely apparent weakness in the total were four properties for which nobody raised a hand.

I’d say that the auction went quite well and the results may — may — indicate that the Queens housing market is beginning to regain a modicum of health.  I don’t know to what else can be attributed the substantial sums for which many of the properties went over the minimum bids, unless they were significantly underpriced.

Below are the minimum and winning bids: Continue reading

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15 houses, 6 co-ops head to auction in Queens

This Kew Gardens house has the highest upset price, $665,000, in the estate auction by Queens Public Administrator Lois Rosenblatt.

Queens Public Administrator Lois Rosenblatt has announced that an estate auction of six co-ops and 15 houses will be held on June 14 starting at 11 a.m.

Minimum prices range from $45,000 for a single-family house in Jamaica to $665,000 for one in Kew Gardens.  For the apartments, which will be sold pending board approvals, the lowest acceptable bid is $74,000 for a co-op in Corona and the top is $143,000 for a Flushing unit.

Shown above is the detached stucco house that was owned by Anna Javor at 110 82nd Road in Kew Gardens.  With a one-car garage and nearly three stories, the house sits on a 5,000-sf lot and is subject to tenancy. Taxes are $7,496 annually.

The properties to be auctioned are listed below along with Continue reading

City collects $3 million from Queens auction

The estate auction of ultimately 19 properties in various Queens neighborhoods attracted $2.969 million in winning bids last week.

Withdrawn from the sale was a two-story detached frame house in East Elmhurst, and six of the properties failed to achieve their minimum bids.

The highest bid went for the Elmhurst house shown here; It sold for $500,000, well above the upset price of $319,000.  In all, nine properties were hammered down at prices higher than the minimum set by Queens Public Administrator Lois M. Rosenblatt.

Below are the all the results of the auction, which was held March 15. Continue reading

Auction: College Point houses among 20 for sale

Minimum bid: $551,000 for this College Point house with two-car garage. Snow shovel not included.

Queens Public Administrator Lois Rosenblatt has announced that an estate auction of seven co-ops and 13 houses will be held on March 15 starting at 11 a.m.

Prices range from $55,000 for an apartment in Jamaica and $551,000 for the College Point two-story detached brick houses shown at left.

The estate of Franz Vormittag, the house sits on a 5,000-sf lot and is subject to tenancy.  Taxes are $6,677 annually.

Other properties to be auctioned are listed below along with Continue reading