This property at 195 Keno Ave., Holliswood, went for 35 percent over the minimum bid.
Tuesday’s estate auction by Queens Public Administrator Lois Rosenblatt of ultimately 20 co-ops and houses Tuesday eked out 1 percent more than the total minimum bids of $$4.315 million.
The amount of winning bids reached $4.355 million.
Although I wasn’t present, the results suggest spirited bidding for the properties that went down; many of them significantly exceeded the administrator’s upset prices.
Accounting for the merely apparent weakness in the total were four properties for which nobody raised a hand.
I’d say that the auction went quite well and the results may — may — indicate that the Queens housing market is beginning to regain a modicum of health. I don’t know to what else can be attributed the substantial sums for which many of the properties went over the minimum bids, unless they were significantly underpriced.
Below are the minimum and winning bids: Continue reading
This Kew Gardens house has the highest upset price, $665,000, in the estate auction by Queens Public Administrator Lois Rosenblatt.
Queens Public Administrator Lois Rosenblatt has announced that an estate auction of six co-ops and 15 houses will be held on June 14 starting at 11 a.m.
Minimum prices range from $45,000 for a single-family house in Jamaica to $665,000 for one in Kew Gardens. For the apartments, which will be sold pending board approvals, the lowest acceptable bid is $74,000 for a co-op in Corona and the top is $143,000 for a Flushing unit.
Shown above is the detached stucco house that was owned by Anna Javor at 110 82nd Road in Kew Gardens. With a one-car garage and nearly three stories, the house sits on a 5,000-sf lot and is subject to tenancy. Taxes are $7,496 annually.
The properties to be auctioned are listed below along with Continue reading
If you have your heart set on buying an apartment or single-family home in Riverdale or Queens, you may well get a great deal in two separate auctions announced over the weekend.
First, Riverdale in the Bronx. The Solaria, a 20-story condominium on W. 237th Street, towers over the surrounding low-rise neighborhood with a glass-walled facade that echoes the sleek buildings now seen all over Manhattan, the New York Times observes.
It has a rooftop observatory with a telescope, a children’s playroom, an entertainment center and lounge, balconies, on-site parking, large layouts — in short, everything except buyers. As of last week, only 10 buyers had actually closed on apartments, the last in September 2008.
Now the developer is offering the remaining 54 units at auction on Nov. 22 in what Jim Corum, the president of REDC, the California auction company that is handling the sale, called an “accelerated marketing plan.” He said it presumably with a straight face. Continue reading