Printer Friendly
The Free Library
14,632,679 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

160 units sell at auction at CrossLand cooperative.


The recent nine-week auction marketing program for Hampton Hampton, part of Greater London, England
Hampton, since 1965 part of the Greater London outer borough of Richmond upon Thames, SE England, on the Thames River. It is the site of

Hampton Court Palace, which occupies about eight acres (3.
 Court, Queens, resulted in the sale of 160 units and generated $2.5 million for ELVEM Delopment Corp., a subsidiary of CrossLand Federal Savings Bank Noun 1. federal savings bank - a federally chartered savings bank
FSB

savings bank - a thrift institution in the northeastern United States; since deregulation in the 1980s they offer services competitive with many commercial banks
.

The auction program was conducted by Carlton Carl·ton   , Steven Norman Known as "Steve." Born 1944.

American baseball player. As a left-handed pitcher with the Philadelphia Phillies (1972-1985), he became the first pitcher to win four Cy Young Awards (1972, 1977, 1980, and 1982).
 Property Auctions.

One-bedroom vacant units sold for an average sales price of $58,000, while the sale of occupied units with monthly cash losses of over $100 per unit achieved average purchase prices of $12,000.

As a result of Carlton's re-offer/auction program e bank was able to convert a substantial negative into $2.5 million in proceeds. Notably, Carlton was able to sell every unit thereby freeing CrossLand of management and administrative responsibilities administrative responsibility Any task or duty related to managing an institution; non-Pt management-related responsibilities of physicians include chart review, participation in the tumor board or tissue committee, etc. Cf Clinical responsibility. .

Carlton used a mix of its Re-offer, Tenant Vacancy VACANCY. A place which is empty. The term is principally applied to cases where an office is not filled.
     2. By the constitution of the United States, the president has the power to fill up vacancies that may happen during the recess of the senate.
 Program and Auction marketing techniques to generate the 160 sales during the nine week program. The tenant and shareholder reoffer program grossed ELVEM approximately $1.3 million before auction day and resulted in the sale of 90 out of 140 occupied units to existing rent-stabilized and rent-controlled tenants.
COPYRIGHT 1993 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:apartment cooperative in Queens, New York, New York owned by subsidiary of CrossLand Federal Savings Bank
Publication:Real Estate Weekly
Date:Mar 24, 1993
Words:172
Previous Article:In first week, 128 apply at affordable housing project. (Lenox Meadows project in New Jersey)
Next Article:Renaissance returns to Park Slope. (Renaissance Housing Program; Park Slope, Brooklyn, New York, New York)
Topics:



Related Articles
Beckerman Gatof named asset managers by bank.
Sheldon Good to auction 'big' Trump Plaza co-op. (Brief Article)
Douglas Elliman completes first FDIC auction in NY. (Federal Deposit Insurance Corp.) (Brief Article)
Merrill Lynch relocates Queens office to Pinnacle. (Merrill Lynch and Company Inc. moves office to Queens, New York, New York condominium tower)
Queens condo tower sells 90% of medical space. (medical office condominium in Queens, New York, New York)
15-story apartment house sold. (205 West 88th St., New York, New York)
Arthur Shapolsky contracts to purchase 25 Broad Street. (commercial building in Manhattan, New York, New York)
Walter & Samuels manages for banks. (real estate firm contract to manage commercial properties for several New York, New York banks)
French bank sells condo block. (Banque Nationale de Paris sells ten units in mixed-use condominium in Elmhurst, Queens, New York, New York)
First Funding.(funds improvements for Queens cooperative)(Brief Article)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles