Auction of two Harlem buildings nets $6 million

Auctioneer Chuck Schcieifer spots a biddder.

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 successfully bidding on

Immediately after bidding successfully on 364 W. 119 St., the buyer (in blue shirt) and auctioneer converse.

First on the block was Continue reading

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Auction set for vacation place with great security

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

Weekly Roundup: All signs point to strengthening market in NYC and U.S., owners of luxury homes gild lillies, lighthouse in Chesapeake Bay for sale

Number of Manhattan properties under contract soars, inventory plummets during 2012

Q4 Brooklyn prices post biggest year-over-year price gain since 2006, while Queens median climbs 14 percent

Bars, restaurants and grocery stores can hurt quality of life, resales for residents of apartment buildings

Foreclosures mushroom in Queens, grow somewhat in Staten Island and the Bronx, slide in Brooklyn and Manhattan

Astronaut resists aiming for moon in putting Los Angeles condo on the market

Former baseball star lists sprawling Beverly Hills estate for $25 million

Actors who split in 2011 finally selling their UES triplex, for $9.25 million

TV judge lists Midtown pied-à-terre for $9 million — yes, for a pied-à-terre!

Estate of acerbic intellectual sells Chelsea penthouse to seven-time Emmy winner

Filmmaker offers Greenwich Village co-op for sale but plans no move to North Dakota

At 4.2 million, home sales Continue reading

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 Continue reading

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 Continue reading

Weekly Roundup: Market reports out, interest rates never lower, a music man moves and more!

Third quarter reports may imply continuing market stability

Former IRS agent says developers evade substantial taxes annually

Can’t we all just get along: How to be a good neighbor

Faced with white brick, buildings face mighty big expenses now

Six in Queens, including two brokers, accused of participating in $25 million mortgage fraud

Rat’s not the only island in the city, but the others — e.g. Manhattan — are not exactly for sale

Open House New York gives let’s you inside this weekend

Cool interactive map shows 3Q sales data by buildings’ price range

Foreclosure actions continue downward trend

City official, six developers charged with racketeering, bribery

Cow heads could be yours at Landmarks Preservation Commission auction

17 questions to ask before buying an apartment

He adds even more windows to his world

Music man Continue reading

The Big Apple: A 30-room co-op could be yours

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