This Forest Hills semi-attached residence, which is subject to tenancy, has a minimum bid of $488,000 in the public administrator’s upcoming estate auction.
Queens Public Administrator Lois M. Rosenblatt will auction off four co-ops along with 14 single-family houses and other properties on Sept. 10 at 11 Sutphin Blvd. in Jamaica.
Properties range in price from $19,500 for 1.2 acres of vacant land in Greene County to $1.688 million for a one-story, 4,960-sf commercial warehouse in Long Island City.
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This house in Long Island City requires the highest minimum bid, $600,000.
The estate auction of two co-ops and eight houses in Queens is to take place on Dec. 12.
Queens Public Administrator Lois Rosenblatt scheduled the auction of properties ranging in price between $100,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.
Below are the residences headed for the auction block, 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Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.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Withdrawn from the auction were Continue reading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The house was one of two properties withdrawn prior to the city’s previous auction, in December.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
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
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
If you have your heart set on buying an apartment or single-family home in Riverdale or Queens, you may well get a great deal in two separate auctions announced over the weekend.
First, Riverdale in the Bronx. The Solaria, a 20-story condominium on W. 237th Street, towers over the surrounding low-rise neighborhood with a glass-walled facade that echoes the sleek buildings now seen all over Manhattan, the New York Times observes.
It has a rooftop observatory with a telescope, a children’s playroom, an entertainment center and lounge, balconies, on-site parking, large layouts — in short, everything except buyers. As of last week, only 10 buyers had actually closed on apartments, the last in September 2008.
Now the developer is offering the remaining 54 units at auction on Nov. 22 in what Jim Corum, the president of REDC, the California auction company that is handling the sale, called an “accelerated marketing plan.” He said it presumably with a straight face. Continue reading