59 sales in three hours at Rego Park condo auction.An opening-day real estate auction at The Summit yielded sales of 59 luxury condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. residences in less than three hours of spirited bidding, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the sponsors of the 17-story luxury condominium tower in this Queens community. Absolute prices ranged from $56,000 for a 495-square-foot studio to $259,000 for a 1,545-square-foot duplex (communications) duplex - Used to describe a communications channel that can carry signals in both directions, in contrast to a simplex channel which only ever carries a signal in one direction. , according to Cross Rego REGO Reinventing Government REGO Renewable Energy Guarantee of Origin (UK) Holding Corp., the building's sponsor. In addition, 34 parking spaces in the building's on-site garage sold at prices ranging from $5,000 to $8,000. More than $6 million of inventory was sold during the auction -- a total that significantly exceeded original preauction estimates, reports Jenifer A. Steig, sales coordinator for Cross Rego. Nearly 2,500 people passed through The Summit's sales center or called for auction information during the three and a half week pre-auction marketing period, according to Kennedy-Wilson, Inc., which conducted the auction at Terrace-On-The-Park. Several hundred of them registered to bid on auction day. The excitement generated by the bidding is typical of situations where an auction is used to open sales at a new construction building, says Robert Cole Robert Cole, as a person, may refer to:
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion