Last week, we previewed two properties that were up for bid at an auction held by the Public Administrator of New York County. Neither of the one-bedroom co-ops, one in East River at 570 Grand St. and one in Seward Park at 210 E. Broadway, sold at the Dec. 8 auction.
The East River apartment, #H1004, a balcony unit with Williamsburg Bridge views with a minimum bid of $400,000, went unclaimed for the second time, after failing to draw bidders at a September auction, when it was priced at $450,000. Under the public administrator’s procedures, it will now be handed over to a private real estate firm to market.
The Seward Park apartment, #H604, which overlooks the city park of the same name and carried a minimum bid of $370,000, may come back for listing at a subsequent public auction.
Real estate agent Malcolm Carter follows the public administrator’s auctions closely, and has more details on his blog.