Single-family home at 23-31 37th St., Long Island City, fetches highest price in public administrator’s auction, going way over its minimum.
The auction Wednesday of 15 apartments and single-family homes in an estate sale by Queens Public Administrator Lois Rosenblatt will add $6.012 million to the city’s coffers.
All of the properties remaining after three apartments were routinely withdrawn before the event, which was held in the State Supreme Court building in Jamaica, found buyers.
Proceeds exceeded by $1.6 million the total of $4.412 minimum prices set by the public administrator, or 36 percent.
Although a Long Island City house that had been withdrawn from previous sales twice received the highest winning bid, $935,000, a Woodside house that went for $315,000 registered the biggest percentage gain over the minimum.
The Long Island City property went for Continue reading
2 South Country Rd., Westhampton
Queens Public Administrator Lois Rosenblatt has scheduled the estate auction of 13 houses and five co-operative apartments for June 13.
Included in the auction are properties in Little Neck, Westhampton and Monticello.
Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, range from $64,000 for an apartment in Jackson Heights to $675,000 for a house in Long Island City that was withdrawn prior to the administrator’s sales in December and March.
Below are the properties to be offered next month: 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