Public Administrator's Auction Results
The Public Adminstrator held an auction of 21 properties on Tuesday. Of the 12 that ended up selling, almost all went for a price above the opening bid. By far the biggest sale of the night was 482 7th Street, a three-family brownstone less than two blocks from Prospect Park; the 3,000-square-foot building went for…
The Public Adminstrator held an auction of 21 properties on Tuesday. Of the 12 that ended up selling, almost all went for a price above the opening bid. By far the biggest sale of the night was 482 7th Street, a three-family brownstone less than two blocks from Prospect Park; the 3,000-square-foot building went for $1,600,000. The highest-profile property not to sell was 436-438 Albee Square, across from where City Point will be; this one will be re-offered at the next auction in April.
Kings County Auction Set For December 7th [Brownstoner]
After seeing 7th St. in person, I had doubts it would even sell at $950k.
I was there and the gentleman who purchased 7th Street left no doubt that he was going to pay what it took. I don’t know who he was but he was getting that piece.
The buyers of the 7th Street place must have gotten swept up in the moment…
> if the co-op unit was sponsor owned…
…why would it be auctioned?
Ringo – if its the same layout/view as #3G, you betcha:
http://streeteasy.com/nyc/sale/492386-coop-160-columbia-heights-brooklyn-heights-brooklyn
That one sold six months ago for $525 off a list of $549.
I’ve heard the 160 board isn’t too hard anyway. Good deal for 440, I think. Pretty views from those corner units
Mopar, plus that is literally right opposite the hospital ambulance port
if the co-op unit was sponsor owned the winning bidder may not need board approval.
Plus imagine all the work 7th St probably needs. If the numbers worked, wouldn’t someone have already purchased it before it got to auction? I always thought these sounded too good to be true.