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With three of 11 properties withdrawn, the estate auction of ultimately one co-op and seven houses in Queens netted $2.944 million for the city today.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: Continue reading
This house in Long Island City requires the highest minimum bid, $600,000.
The estate auction of two co-ops and eight houses in Queens is to take place on Dec. 12.
Queens Public Administrator Lois Rosenblatt scheduled the auction of properties ranging in price between $100,000 and $600,000 in neighborhoods including Long Island City, Jamaica and Jackson Heights.
Below are the residences headed for the auction block, Continue reading
Note: I’ll be taking a little time off, so there will be fewer posts next week.
The city’s estate auction of 15 Queens properties by owners who died without leaving a will garnered $4.854 million in winning bids for an even dozen apartments and single-family homes on Wednesday.
Three of the properties were withdrawn before the sale, and none of the remaining ones failed to find a buyer.
So. Ozone Park house sold for way more than the minimum.
According to results from Queens Public Administrator Lois Rosenblatt, the highest amount went for a Bayside house with a minimum bid of $536,000; the winning number was $735,000. The lowest was for a Corona apartment that sold for the minimum of $79,000.
A house, on 135th Pl. in So. Ozone Park, fetched $485,000, an impressive 73 percent more than the upset price of $281,000.
Withdrawn from the auction were Continue reading
Single-family home in Middle Village with minimum bid of $412,000
Three co-ops and 12 single family homes are to be offered at an estate auction conducted on March 14 by Queens Public Administrator Lois Rosenblatt.
Minimum (upset) prices, which are set by Rosenblatt at 25 percent below the appraised value, range from $79,000 for an apartment in Corona to $675,000 for a house in Long Island City.
The house was one of two properties withdrawn prior to the city’s previous auction, in December. Also returning to the auction block is a house on 63rd Avenue in Middle Village.
Below are the properties to be offered next month: Continue reading
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 Continue reading
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 Continue reading
31-68 38th Street, Astoria
Although five properties found no bidders, the office of Queens Public Administrator Lois M. Rosenblatt, collected $3.777 million at its auction Tuesday of eight apartments and seven houses “inherited” by the city.
The former Astoria home of the late Eva Zacharaczuk topped the bids by far, going down for $1.41 million.
Following are the results, Continue reading