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 administrator auction reaps $4.9 million

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Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.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Withdrawn from the auction were Continue reading

15 Queens properties head to city auction

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