Brooklyn house easily tops auction minimum

Semi-detached brick house with driveway and two-car garage at 50 Tapscott St. (Source: Kings County Public Administrator)

At Tuesday’s estate auction by King’s County Public Administrator Bruce Stein, the last was first in terms on the amount of its winning bid — $1.45 million, 62 percent above the minimum opening bid.

The object of spirited bidding by some half dozen hopefuls, the property at 51 Havermeyer St. was the last of 10 houses on the block.  Its minimum was $890,000.

The winner was a man who Continue reading

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Estate auction of Brooklyn houses set for Dec. 18

2343 60th St., Brooklyn, to be auctioned for at least $590,000.  (Source: Kings County Public Administrator)

2343 60th St., Brooklyn, is on auction block. (Source: Kings County Public Administrator)

Ten Brooklyn houses are to be auctioned on Dec. 18 by King’s County Public Administrator Bruce Stein.  It is the first such estate auction by the city in that borough since last June.

The properties, which were owned by individuals who died without wills, have minimum bids ranging from $175,000 to $890,000.

At 51 Havermeyer St., a three-family attached row house is the property with the highest opening bid.  With 3,525 square feet of living area and annual taxes of $3,910, the brick house was owned John Krantz.

Also on the block Continue reading

Out and About: Estate sales merge death, taxes

Flickr photo by Petra Senders

When you see the words “estate sale” in a listing, you know you’re in for a property that’s going to need a ton of work.

And when that listing omits photos, you can be sure the place will be a wreck.

It’s one thing to imagine what you’ll find, quite another to see it in person

A co-op in the low 100s between Amsterdam Avenue and Broadway makes the point emphatically.

Offered for $750,000 with monthly maintenance of $730, this two-bedroom, one-and-a-half bath unit, plus maid’s room, on a lower floor of a dreary 1909 building with virtually no amenities has nothing going for it but potential.

Unfortunately, Continue reading