Brooklyn co-op rescued; auction set for June 26.Seacrest Towers, a Sheepshead Bay, Brooklyn Sheepshead Bay is a bay separating the mainland of Brooklyn, New York City from the eastern portion of Coney Island, the latter originally a barrier island but now effectively an extension of the mainland with peninsulas both east (the neighborhood of Manhattan Beach) and west , co-operative apartment complex, will offer for sale 39 fully refurbished residences at a public auction on June 26, it was announced. Seacrest Towers is completing an ambitious modernization program following its financial rescue by a "white knight White Knight falls off his horse every time it stops. [Br. Lit.: Lewis Carroll Through the Looking-Glass] See : Awkwardness White Knight invents clever objects that never work. [Br. Lit. " real estate investment fund based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Sheldon Good & Company of Chicago, one of the nation's premier auction firms, will conduct the auction on behalf of the seller, the buildings' cooperative corporation. Seacrest Towers, located at 3855 Shore Parkway, is a 306-unit development. All 39 residences offered for sale have been upgraded with brand new, fully-applianced GE kitchens and completely remodeled bathrooms with new flooring and fixtures. All residences have wall-to-wall carpeting and air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. units. In addition, the four-building apartment complex's lobbies and landscaping have been upgraded and redecorated. Steven L. Good, president, Sheldon Good & Company, said, "This is a 'Cinderella' development. Seacrest Towers has emerged from the brink of mortgage default to become one of the most stable properties and one of the best bargains for homebuyers in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. ." Indeed, 10 of the 39 residences offered for sale will be sold "absolute," regardless of price, to the highest bidders. |
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