Public Estate Auction This Weekend
At last October’s property auction by the Public Administrator of Kings County, 280 Hicks Street failed to sell after being listed with an opening bid of $2 million. At this weekend’s auction, the opening bid for the carriage house will be $1,800,000. In all, there will be 17 properties on offer, including houses at 432…
At last October’s property auction by the Public Administrator of Kings County, 280 Hicks Street failed to sell after being listed with an opening bid of $2 million. At this weekend’s auction, the opening bid for the carriage house will be $1,800,000. In all, there will be 17 properties on offer, including houses at 432 Halsey Street and 1395 Carroll Street and apartments at 160 Columbia Heights and 195 Willoughby Avenue. To see all the listings and get event details, check out this PDF flyer.
Is this where we get our brownstones half off? Look, only $2 million!
That’s a very cool garage door on the Hicks St carraige house.
Will the house sell this time around?
I think it will.
The coop board can certainly reject any buyer including one that acquires the shares through auction. Usually the board is relieved to have the arrears taken care of at he closing. Something the buyer will have to do or the Coop will not put its little seal and stamp on the documents.
moving back? I never lived there. But I’ll need a place to live once this rich immigrant guy coughs up the cash for my house.
Pete, thinking of moving back to CH?
so how does an auction work with coops? anyone know?
Board can still reject the price or the buyer? at what point?
Opening price on these real estate auctions are more like minimums I would think. Not like at anitque auction where they go thru this charade where keep going down to nothing before bidding starts.
Pete, apt 1003 (same line, 10th floor) sold for $299,000 at the end of 2009. It was lovingly renovated, new bath, new kitchen. Where does that leave a 5th floor estate-condition apartment? $240,000-250,000 at best. Since a buyer at auction can’t finance and pays all transfer fees and taxes, an opening price of $200,000 is not a good deal.
Minard, have you seen the show “hoarders”? It’s pretty astonishing to see the inside of a house filled with stuff. The mother of a former boss was a hoarder. Her mental illness pretty much drove her entire family away. According to him, she had not thrown away food packaging, magazines or clothes in over 20 years.
ML, I saw them cleaning that place out a week or so ago…