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City to sell real estate at November 17 public auction.


On Wednesday Wednesday: see week. , November November: see month.  17th, the New York City New York City: see New York, city.
New York City

City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S.
 Department of Citywide Administrative Services (DCAS DCAS Department of Citywide Administrative Services (New York City)
DCAS Downloadable Conditional Access System (digital television)
DCAS Defense Contract Administration Services (DLA) 
) will hold a public real estate auction of over 200 city-owned vacant lots and buildings located throughout the five boroughs.

The auction, which starts at 9 a.m., will be held at St. Andrew's Plaza, located just north of 1 Centre Street in Manhattan.

Opportunities abound for every budget at the DCAS auction, where bidding on some properties starts as low as $1,000. Whether you are searching for a site for a new home or business, a great redevelopment opportunity or just a place to park your car, New York City real estate is a great place to start.

Purchasers of city-owned property are required to put down a deposit of 20 percent of the purchase price on the day of the auction. A purchase money mortgage may be available for sales over $20,000. Qualified purchasers may apply for the 7.5 percent mortgage.

A pre-auction seminar will be held at 2 Washington Street The following streets in the United States are called Washington Street:
  • Washington Street (Alexandria), in Alexandria, Virginia
  • Washington Street (Baltimore), in Baltimore, Maryland, running near Johns Hopkins Hospital
 in Manhattan, 19th floor, on Tuesday, November 9th for those who have never bid at a city auction or who have questions.

For information and a free copy of the auction brochure, call (212) 669-8888, visit DCAS Division of Real Estate Services at 1 Centre Street, 19th floor North, in Manhattan, or visit their web site at: http://www.ci.nyc.ny. us/html/dcas/html/realestateauction.html.
COPYRIGHT 1999 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1U2NY
Date:Oct 20, 1999
Words:238
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