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All of the properties remaining after three apartments were routinely withdrawn before the event, which was held in the State Supreme Court building in Jamaica, found buyers.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Although a Long Island City house that had been withdrawn from previous sales twice received the highest winning bid, $935,000, a Woodside house that went for $315,000 registered the biggest percentage gain over the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

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value, range from $64,000 for an apartment in Jackson Heights to $675,000 for a house in Long Island City that was withdrawn prior to the administrator’s sales in December and March.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

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Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.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Withdrawn from the auction were Continue reading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

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

Get a piece of schlock (?) at a foreclosure auction

387 Huntington Ave., the Bronx

The folks who conducted the auction of 54 units of Riverdale’s Solaria development have scheduled another event that will allow you to bid on any of five foreclosed New York City properties (and 178 others in the Northeast) in King of Prussia, Pa. on March 28 online or in person

The New York properties are: Continue reading

7 co-ops, 11 homes to be auctioned off March 9

The office of the Queens County Public Administrator has scheduled the auction of seven co-ops with starting bids ranging between $56,000 and $176,000.

Google satellite view of the Malba, Queens home to be sold. Click to expand and, below, see a photo of the two-story brick house with garage.

Also on the block March 9 at 11 a.m. will be 10 single-family homes and a condo (from what I can tell) with bids starting between $162,000 to $950,000.  The high upset price is for a place at 141-42 11th Ave., Malba.

And if you’d like to buy a big bunch of properties all at once, there’s a significant auction of a foreclosed East Harlem complex scheduled for March 11 at 11 a.m.

For risk-takers, the co-ops are being sold subject to the approval of the buildings’ board of directors. The units are: Continue reading