« Streetlevel: Walgreens Signage at The Clermont Open House Picks »
August 1, 2008
82 Cambridge Place Coming Up For Auction
Here's a foreclosure sale public auction that may interest a lot of people: The three-story brick townhouse at 82 Cambridge Place in Clinton Hill will be up for auction on August 13th. The opening bid on the house is $500,000 and the building is described as "partially occupied," obviously a big concern for any buyer. The cause of the auction is unclear: The house hasn't changed hands in decades and the billing address is for the guardian of the current owner. Could there be something amiss here or just another sad case of a long-term owner losing her house?
Public Sale 8/13/08 [NYC.gov - PDF] GMAP P*Shark
Trackback Pings
TrackBack URL for this entry:
http://www.brownstoner.com/mte/mt-tb.cgi/5703
Comments
The person whose gate was stolen a few weeks back should make the owner an offer for that gate - it looks like its the same design.
Posted by: dittoburg at August 1, 2008 12:50 PM
Agree Mr B this place should generate a ton of interest. It is on a nice little block and has a decent facade (After power wash and re point) but the tenants in place makes it less desirable...anyone know the inside scoop?
Posted by: pierre de taille at August 1, 2008 1:03 PM
The DOB has it as a one family. I'm sure whatever the story is with this place, it's a sad one. I'll bet it never makes it to auction.
Posted by: Shahn Andersen at August 1, 2008 1:16 PM
I could be wrong, but I had thought that once the property got through the pre-forclosure process where potential purchasers are required to negotiate with the distressed owner, the Trustee has to sell at auction.
Posted by: Aussie at August 1, 2008 1:52 PM
"I'll bet it never makes it to auction."
Make it a substantial wager. You'll be rich.
Posted by: DOW8000SP800 at August 1, 2008 1:53 PM
NYC RE is a dirty game, 1:52.
Posted by: DOW8000SP800 at August 1, 2008 1:55 PM
I'm looking at the photos of 223 Van Buren and wondering about the state of the mortgage crisis.
If that building is in great shape inside, it would make sense that someone borrowed $620K on it. Maybe. But it is a three story, two family building, which makes that a hell of a lien, unless this is actually an estate auction of some sort.
Property Shark shows a modest sale in 1995 and little since then. So I wonder what the story is.
Posted by: amanda at August 1, 2008 3:03 PM
It's not a foreclosure. Check the Public Administrator's website.
Posted by: OnceInAnGone at August 2, 2008 1:30 PM
Hmm. Thought I corrected myself on Friday!
But yeah: the Public Administrator administers estate sales when the heirs can't be found.
I don't know where they get their starting prices from then.
Posted by: amanda at August 4, 2008 2:21 PM
Post a comment
Please be patient while your comment is published. It may take a moment.