The winning bid for this East Elmhurst house went way over the upset price of $488,000. (Source: Queens public administrator)
Winning bids at Wednesday’s estate auction of eight houses and three co-ops totaled $4.135 million, 28 percent more than the $3.201 million sum of the minimum prices set by Queens Public Administrator Lois Rosenblatt.
The East Elmhurst property shown above was the standout: It reached $740,000 vs. the upset price of $488,000.
Minimum (upset) prices are set by Rosenblatt at 25 percent below the appraised value.
Included in the auction were properties in Brooklyn, Bellerose and Flushing.
Below are the properties that were offered with winning bids in boldface following the upset prices: Continue reading
Minimum bid for this East Elmhurst house is $488,000. (Source: Queens public administrator)
Queens Public Administrator Lois Rosenblatt has scheduled the estate auction of eight houses and three co-operative apartments on Sept. 12.
Included in the auction are properties in Brooklyn, Bellerose and Flushing.
Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, range from $74,000 for an apartment in Jackson Heights to $488,000 for the house shown above in East Elmhurst.
Below are the properties to be offered next week: Continue reading
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Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.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Withdrawn from the auction were Continue reading
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
85-10 Park Lane South, Woodhaven
The estate auction of ultimately 14 properties on Tuesday produced $5.83 million in winning bids, according to Queens Public Administrator Lois Rosenblatt.
The total was 40 percent higher than the collective $3.772 million minimum.
Although Rosenblatt’s office has told me that the public administrator typically sets minimum bids at 25 percent above appraised values, some of the properties obviously went for considerably more.
The results seem to suggest a trend of rising interest in Queens residences that was detectable in Rosenblatt’s previous event.
A Corona house that was owned by one George Williams actually was hammered down for more than twice its upset price Continue reading
In Forest Hills, this house has an upset price of $724,000
An estate auction of 16 houses and eight apartments will be conducted Sept. 13 starting at 11 a.m., according to Queens Public Administrator Lois Rosenblatt.
Minimum prices range from $83,000 for a one-bedroom co-op in Jackson Heights to $724,000 for the two-story house shown above in Forest Hills.
At 77-27 Kew Forest Lane, the house is a two-story structure being sold “subject to tenancy.” Its owner was one Stephen Nedeicu, and taxes amount to $5,860 annually.
One of the apartments on the block is a 499-sf Manhattan studio at 101 W. 12th St., which has an upset price of $330,000.
Minimum bids are set by Rosenblatt at 25 percent below the appraised value.
Below are the properties to be auctioned Continue reading
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
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
Undercounted immigrants may explain smaller population than believed
New York City’s population reached a record high for a 10-year census of 8,175,133, according to the 2010 count released on Thursday, but it fell far short of the official forecast.
Mayor Bloomberg immediately challenged the Census Bureau’s finding, saying it shortchanged the city by as many as 225,000 people.
He said it was “inconceivable” that Queens grew by only 1,343 people since 2000 and suggested that the profusion of apartments listed as vacant in places such as Flushing and in a swath of southwest Brooklyn meant the census missed many hard-to-count immigrants.
There’s something about Inez Dickens and her taxes
City Councilwoman Inez Dickens co-owns four Harlem apartment buildings that have for months owed the city more than $100,000 in property taxes.
Dickens’ properties also Continue reading
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