Queens auction produces $3M in winning bids

This Long Island City house fetched the highest price among eight properties at auction.

With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.

The total topped the collective minimum price of $1.991 million by nearly $1 million.  The gain amounted to 48 percent more than the sum of what Queens Public Administrator Lois Rosenblatt terms the “upset price.”

Properties on the block ranged in price between $120,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.

Below are the results:

Harlem brownstone used as church faces auction

227 Lenox Ave.

Change of plans: Out and About will be posted next week

The bankruptcy auction of a 6,398-sf building configured as a church and including four apartments on Lenox Avenue in Harlem is scheduled for Feb. 2

Among five other properties to be auctioned are a one-bedroom co-op in Castle Village (where I once lived for 10 years) overlooking the Hudson River in Manhattan’s Washington Heights, a four-bedroom single-family home in St. Albans, Queens, and a one-bedroom co-op in Briarwood, Queens.

Springfield Missionary Baptist Church has been the owner of the central Harlem building, which is in need of renovation and lacks a proper certificate of occupancy.

At

Queens auction nets $4.4 million in winning bids

The winning bid for this house on 176th St. In Jamaica went $92,000 over the minimum of $158,000.

With six properties withdrawn prior to the sale, an estate auction conducted today by Queens Public Administrator Lois Rosenblatt produced income for the city totaling $4.405 million.

That sum was $797,000 greater than the minimums for all the remaining apartments and houses, exceeding the total by 22 percent.

The highest bid was for a Brooklyn multifamily building, which had a $604,000 minimum and which went down for

Public administrator schedules auction of 23 properties in Queens, Brooklyn, Staten Island

Multifamily building in Brooklyn with $604,000 minimum bid

An estate auction of a Brooklyn multifamily building, five apartments and 17 single-family houses will be conducted Dec. 13 starting at 11 a.m., according to an announcement by Queens Public Administrator Lois Rosenblatt.

Minimum prices range from $78,000 for a one-bedroom co-op in Jackson Heights to $$604,000 for an apartment building in the Bedford-Stuyvesant neighborhood of Brooklyn.

Four of the properties

Winning bids total 40% above minimum in Queens

85-10 Park Lane South, Woodhaven

The estate auction of ultimately 14 properties on Tuesday produced $5.83 million in winning bids, according to Queens Public Administrator Lois Rosenblatt.

The total was 40 percent higher than the collective $3.772 million minimum.

Although Rosenblatt’s office has told me that the public administrator typically sets minimum bids at 25 percent above appraised values, some of the properties obviously went for considerably more.

The results seem to suggest a trend of rising interest in Queens residences that was detectable in Rosenblatt’s previous event.

A Corona house that was owned by one George Williams actually was hammered down for more than twice its upset price

Queens administrator to auction 24 properties

In Forest Hills, this house has an upset price of $724,000

An estate auction of 16 houses and eight apartments will be conducted Sept. 13 starting at 11 a.m., according to Queens Public Administrator Lois Rosenblatt.

Minimum prices range from $83,000 for a one-bedroom co-op in Jackson Heights to $724,000 for the two-story house shown above in Forest Hills.

At 77-27 Kew Forest Lane, the house is a two-story structure being sold “subject to tenancy.”  Its owner was one Stephen Nedeicu, and taxes amount to $5,860 annually.

One of the apartments on the block is a 499-sf Manhattan studio at 101 W. 12th St., which has an upset price of $330,000.

Minimum bids are set by Rosenblatt at 25 percent below the appraised value.

Below are the properties to be auctioned

Queens auction enjoys strong bidding

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:

15 houses, 6 co-ops head to auction in Queens

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

Bid on 29 apartments, houses in Queens, Brooklyn

The minimum bid for this Bayside property is $338,000.

The public administrator in Queens is auctioning off 10 co-ops, one condo and 18 single-family houses, each of them left by owners who died without a will.

The estate auction takes place June 29 at 11 a.m. at 88-11 Sutphin Blvd., Room 62, Jamaica.  Inspection will be June 26-27 between 10 a.m. and 1 p.m.

Regarding the co-ops below, the contracts will be nullified and deposit returned in the event that a board rejects a successful bidder.

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: