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….
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
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.
It’s not a foreclosure. Check the Public Administrator’s website.
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.
NYC RE is a dirty game, 1:52.
“I’ll bet it never makes it to auction.”
Make it a substantial wager. You’ll be rich.
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.
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.
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?
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.