Foreclosed co-op on the UWS could be a bargain

The kitchen of Apt. C, 107 W. 106th St., has been recently renovated.

An Upper West Side one-bedroom co-op that has been in the foreclosure process for months is headed for the auction block on Aug. 18.

According to an 86-week-old listing, Apartment C at 107 W. 106th St. contains 550 square feet and has been totally renovated.  Its latest asking price, since July 10, is $325,000.

The listing puts monthly maintenance at $565, but the lender’s lawyer, Ronald S. Kahn, says it is $603, which is likely the correct amount.  Moreover, Kahn reports that a total of $9,165 is owed for maintenance, late fees, assessment and legal fees as of Aug. 1. Continue reading

Head to courthouse steps for auction of a co-op

Apartment 1-B at 107 W. 106th St., not on the market.

If you have your heart set on a bargain co-op, a foreclosure auction that I spotted in an advertisement with the tiniest type may be for you.  It caught my eye because such auctions in Manhattan occur infrequently to the best of my knowledge.

The apartment in question is a 550-sf unit at 107 W. 106th St. between Columbus and Amsterdam avenues on the Upper West Side.  It is listed as the C apartment, while others others in the pet-friendly 16-unit building have numbers such as 1-B (above) attached to the letter.  Is Unit C in the cellar? Continue reading