Weekly Roundup: Tax abatements, NYC’s worrisome Q2, U.S. recovery, gay neighborhoods, outdated decor, 30 richest cities and much more

Cuomo says he expects legislature to act in fall, so city retaining abated property tax levels

And appeals of property tax assessments near record number

Manhattan market verges on worried in second quarter

When seeking roommate on Craigslist, the details really matter

Landmark body approves one of three Riverside-West End Avenue historic districts, but others yet to face votes

Region’s foreclosure rate continues to grow

Neighbors rally to save historic Dutch Kills farmhouse

Condo boards Continue reading

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N.J. dad wins Times Square condo at auction

Bankruptcy auction of Times Square condo attracts a crowd.

At the Hotel Roosevelt on Friday, a financial planner from New Jersey was the winning bidder for a 668-sf, one-bedroom, one-bath condo on the 10th floor of a new development overlooking Times Square. Continue reading

Bankruptcy forces auction of Times Square condo

The apartment is on the 10th floor of this 2006 building.

A Chapter 7 bankruptcy auction will be held March 19 for a 668-sf one-bedroom condo in this building in the heart of Times Square.

In addition, there will be an auction of lesser properties at the end of the month and, in March as well, of five properties that are scattered between Chinatown and Washington Heights; the five apartments belong to the city as the result of owners who died without wills.

Although I wouldn’t want to live in such an overrun area with a limited amount of amenities that are found in typical residential areas, you may find the Times Square pad appealing.  But bear in mind that the winning bid probably will be above 75 percent of its current value.

The unfortunate owner bought the place in March of 2007, when it was listed for $895,000.  Continue reading