Kings County Auction Set For December 7th
20 Brooklyn properties will be auctioned off 2pm on December 7th at the Kings County Supreme Court. You can check out all the property details here [PDF], but we’ve still picked out a few interesting ones for you. 490 MacDonough Street, a three-story brownstone (pictured right) will have an opening bid of $295,000, 482 7th…
20 Brooklyn properties will be auctioned off 2pm on December 7th at the Kings County Supreme Court. You can check out all the property details here [PDF], but we’ve still picked out a few interesting ones for you. 490 MacDonough Street, a three-story brownstone (pictured right) will have an opening bid of $295,000, 482 7th Street, a three-story Park Slope brownstone has an opening bid of $950,000, and 348 Hancock Street, in Bed Stuy, begins at $290,000 (pictured left). Two empty lots at 436-8 Albee Square are also listed with a hefty opening bid of $4,000,000. Anything look interesting?
Upcoming Real Estate Auction [NYC.gov]
There aren’t any side deals at these auctions at all. Just posters being arrogant and showing everyone that they aren’t too bright. BTW the Park Slope property sold for around 1.8 million. Love the way everyone here really knows the market!
Whoops! My bad on the open house dates. Apologies to Emily and Mr. B.
good question, boerumresident. I would guess that coop could still reject the buyer but I don’t know.
The open houses are this weekend.
These aren’t REOs or foreclosures, so how could there be “side deals” with banks?
fwiw, zillow estimate of 7th street is $1.7m
Granted they have no idea of condition but even subtract reno costs and a bit for facing hospital and would seem property easily worth over $1m.
This would have been a much more interesting post if made *before* the past weekend’s open houses. Does anyone actually bid on these sight unseen?
Hey Brownie!!! I want my Case-Killa thread!!! (May day…may day…)
***Bid half off peak comps***
How does an auction work on a co-op? Does the buyer skip past board approval?