Bidding tops minimum for Queens homes by 36%

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All of the properties remaining after three apartments were routinely withdrawn before the event, which was held in the State Supreme Court building in Jamaica, found buyers.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Although a Long Island City house that had been withdrawn from previous sales twice received the highest winning bid, $935,000, a Woodside house that went for $315,000 registered the biggest percentage gain over the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

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Queens administrator to auction off 18 properties

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value, range from $64,000 for an apartment in Jackson Heights to $675,000 for a house in Long Island City that was withdrawn prior to the administrator’s sales in December and March.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

Winning bids total 40% above minimum in Queens

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

Queens administrator to auction 24 properties

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

Queens auction garners $4,796,000 for city coffers

This house in Woodside received the highest bid, $601,000, at an estate auction by the Queens County public administrator.

Although five of 21 apartments and houses at an estate auction held yesterday by Queens Public Administrator Lois M. Rosenblatt were withdrawn, every property on the block found a buyer.  Bids totaled $4.796,000.

With upset prices given first, here are the results: Continue reading

8 co-ops, 13 houses in Queens head to city auction

251-38 43rd Ave., Little Neck

The auction of 21 Queens co-ops and single-family homes is scheduled for Dec. 15.

Public Administrator Lois M. Rosenblatt has set upset prices ranging from $41,000 for a co-op in Jamaica to $453,000 for the single-family house in Little Neck shown at the top.  All the properties belong to the estates of owners who left no will.

Sorry for the slightly weird formatting (because of my limited knowledge of HTML), but below are the available residences headed for the auction block: Continue reading