Condo in luxe high-rise heads to city’s auction, other properties have much lower minimums

This condo at 401 E. 60th St. is one floor below unit to be auctioned and may be slightly smaller.

This unit at 401 E. 60th St. is a floor below one to be auctioned and may be slightly smaller.

A condo in the Lenox Hill neighborhood will be offered with a minimum bid of $1.2 million at the first city auction of Manhattan properties since June.

Public Administrator Ethel J. Griffin scheduled the sale of 13 properties from the Lower East Side to Inwood for March 21.  Minimum bids range from $45,000 for an income-limited studio in Harlem to the East Side condo’s $1.2 million.

The estate of one Ronald Cohen, the four-room unit 24C in Bridge Tower Place, a full-service 1999 building at 401 E. 60th St., is advertised as having 1,130 square feet with common charges of $1,400 monthly and annual taxes of $21,000.  Active listings in the building average Continue reading

Administrator holds another lackluster auction

Building at 204 E. 7th St., where a studio apartment at auction received the most active bidding, selling finally for $194,000.

Only four of 10 properties offered at auction by Public Administrator Ethel J. Griffin in Manhattan found buyers today.

Worse, the city collected just 26 percent of the minimum for all the properties.  The minimums totaled $2.921 million, but the amount sold reached only $746,000.

In the Surrogate’s Courthouse oppostie the Municipal Building in lower Manhattan, the event attracted an unusually large crowd of some 60 individuals, some of them merely accompanying the bidders.

The first property offered, a 304-sf co-op in poor condition at 204 E. 7th St., had 15-20 bidders jammed in front of a long conference table at which city officials and lawyers were seated as the sale of Unit 12 began.  Continue reading

City to auction off 8 co-ops, 1 condo, 1 house

View from the Castle Village complex of five buildings from 120 to 200 Cabrini Boulevard in Washington Heights. A one-bedroom unit at 180 Cabrini Boulevard is in the city's estate auction next month.

Two co-ops that bidders previously shunned and six newly available ones, plus a West Harlem condo, are scheduled to be auctioned from the estates of owners who left no wills by Public Administrator Ethel J. Griffin in Manhattan on Dec. 8 at 11:30 a.m.

In a rare occurrence, a property outside of Manhattan also is to go on the block.  It is a single-family house in the East Hampton area with a minimum bid of $725,000.  The house has one and a half stories over a basement and a two-car garage with annual taxes of $5,800.  It can be inspected Nov. 20, Nov. 27 and Dec. 4 from 9 a.m. to 3 p.m.

Minimum bids for the apartments, which span Washington Heights and Chinatown, range from a low of Continue reading

The Big Apple: City’s estate auction is a dud

Undercounted immigrants may explain smaller population than believed

New York City’s population reached a record high for a 10-year census of 8,175,133, according to the 2010 count released on Thursday, but it fell far short of the official forecast.

Mayor Bloomberg immediately challenged the Census Bureau’s finding, saying it shortchanged the city by as many as 225,000 people.

He said it was “inconceivable” that Queens grew by only 1,343 people since 2000 and suggested that the profusion of apartments listed as vacant in places such as Flushing and in a swath of southwest Brooklyn meant the census missed many hard-to-count immigrants.

There’s something about Inez Dickens and her taxes

City Councilwoman Inez Dickens co-owns four Harlem apartment buildings that have for months owed the city more than $100,000 in property taxes.

Dickens’ properties also Continue reading

Auction: City lists Sutton Place and 8 more units

60 Sutton Place South

The city is holding an estate auction March 24 of nine apartments with minimum bids ranging from $82,000 to $680,000.  It is the first such auction of Manhattan properties in months.

The sale was announced on Sunday, and, in a departure from its usual practice, the office of Public Administrator Ethel J. Griffin advertised each unit separately in the New York Times classifieds in addition to its briefer display ad than in the past.

The real estate section was the only place where details about each apartment could be found (until this post, after a tedious treasure hunt through the listings). Strangely, the ads were not visible in an online search.

But the phone number where you supposedly can obtain more information is 212-788-8455.  Don’t waste your time looking for the Web site.

At least two of the co-ops Continue reading

Ready, set, go with your paddles to these two auctions

 

Ordered by the lender, the auction of this house in the Bronx has an opening bid of $200,000.

 

Two upcoming auctions will give bidders separate opportunities to buy properties in three boroughs and, from New York City, everything but the kitchen sink that belonged to residents who left no will.

Along with commercial properties in the Bronx, a house in Woodmere, a house in Londonderry, Vt., and a subdivision in Wappingers Falls, Maltz Auctions is is offering bidders the chance to purchase: Continue reading