Queens auction tops minimum by 28 percent

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

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Low-priced apartments, houses dominate Queens public administrator’s auction to be held Sept. 12

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

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of 21 apartments and houses at an estate auction held yesterday by Queens Public Administrator Lois M. Rosenblatt were withdrawn, every property on the block found a buyer.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