Auctioneer Chuck Scheifer swivels and spots a bidder in packed room.
In a highly successful auction Wednesday of two Manhattan buildings that the state has declared surplus, taxpayers benefited with winning bids totaling $5.97 million.
An estimated 300 individuals jammed into the auction room on the eighth floor of the Adam Clayton Powell State Office Building on 125th Street to witness or participate in the sale. There were 107 registered bidders, according to one official.
“Our goal is to get property on the tax rolls,” said the official, James P. Sproat, director of Real Estate Planning & Development in the Office of General Services. “We’re satisfied that we’ve done the best for the taxpayers.”
Auctioneer Chuck Scheifer was less restrained: “I’m incredibly pleased and thrilled,” he allowed. “Fantastic.”
Immediately after bidding successfully on 364 W. 119 St., the buyer (in blue shirt) and auctioneer converse.
First on the block was Continue reading
Two houses in Manhattan also are available to bidders
If security is paramount, the happiness will be hard to contain of whoever is the winning bidder at the auction of a property in Northern Adirondack Park this summer.
On 27.3 acres in the hamlet of Lyon Mountain in Dannemora, the property includes several acres of undeveloped land and 23 buildings totaling 90,676 square feet.
New York State is selling the former minimum-security correctional facility as surplus property on July 10, and the minimum bid is a mere $140,000.
(If a second prison might prove to be of interest, the former Arthur Kill Correctional Facility on the southern tip of Staten Island is for sale as well, but not at auction.) Continue reading
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With six properties withdrawn prior to the sale, an estate auction conducted today by Queens Public Administrator Lois Rosenblatt produced income for the city totaling $4.405 million.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 Continue reading
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 Continue reading
High Line is proving to be an increasingly strong magnet for developers
With the next section of the elevated Chelsea park known as the High Line poised to open next month, New York developers are gearing up numerous projects along the route in hopes of capitalizing on rising interest in the area.
The High Line has helped transform an area that remains a long walk from public transportation, offers less retail than other downtown neighborhoods, and until recently was associated with crime and industrial blight.
The second section, which is slated to open sometime in June and will run from 20th Street to 30th Street, is a less-developed area but has already attracted new construction.
Even with $60 million for adjoining apartments, not just anyone can assume board approval in famed building
Two adjoining duplex apartments at a legendary Park Avenue address are about to be put on the market for $60 million.
The grand apartments on the 12th and 13th floors of Continue reading
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
Manhattan isn’t the only borough with prestige buildings
Every borough has its buildings that tower, literally or figuratively, over the rest of the housing stock, notes the New York Times. (Well, almost every borough: Staten Island’s upper crust tends to live in single-family houses.)
The residents of these august structures say their homes in Queens, Brooklyn and the are every bit as Continue reading
ALTHOUGH COMPLAINTS ARE UP 7 PERCENT, THEY’RE NOT MAKING A DENT IN BEDBUG INFESTATIONS
Statistics from the city’s Department of Housing Preservation and Development show that residential bedbug complaints in New York City climbed 7 percent during 2010, the Wall Street Journal is quoted as reporting in the Real Deal.
In 2010, there were 4,846 violations and 13,472 complaints, up from 4,811 and 12,594 in 2009. According to Louis Sorkin, an entomologist with the American Museum of Natural History, there are many more infestations than complaints.
“Tons of people that have infestations don’t say anything and, if they are in apartments, the people next door are the ones with a complaint finally,” he told the Journal. “They may not file a complaint, but they may go through the proper channels and tell the landlord or co-op board or condo owner.”
EXPERIENCE IS HARSH TEACHER FOR BUYERS IN A NEW DEVELOPMENT
“I would advise other people shopping for new condos to watch out for really low prices,” Continue reading