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14 luxury condos to sell at East Side auction May 23.

When the auctioneer's gavel gives a resounding thud on Sunday, May 23, 14 "new" owners of these luxury condominium residences -- offered with minimum bids as low as 70 percent off the original asking prices--will be calling the prestigious "Louisiana," at 300 East 90th Street, home, on Manhattan's Upper Eastside.

Carlton Property Auctions, of Lake Success, New York, has been selected to auction the condominium units, which include a unique selection of one and three bedroom residences --some with garden patios, terraces or wood-burning fireplaces. Seven of the residences will be sold -- regardless of price -- at the stated minimum bid or above. Minimum bids on the residences are as low as $62,000.

Located at 300 East 90th St., "The Louisiana" offers stunning views through wide picture windows, 24-hour doorman service, European-styled kitchens and richly appointed marble baths. Nestled close to the fine restaurants, museums and other world renowned cultural institutions, "Louisiana" residents can also avail themselves of the Asphalt Green Athletic Complex, which features outdoor fields, a full gymnasium, a jogging track and a new Olympic-sized swimming pool. Tennis facilities are also available in the immediate area.

The residences at the Louisiana, offered for sale by a major financial institution, also represent unparalleled opportunity for "the purchase of a lifetime" -- luxury homes at decidedly-bargain prices. In fact, the purchasers will set the prices for these beautiful residences.

In another important advantage, the seller is offering financing (a one-year adjustable rate mortgage with an initial rate of 4.25 percent) to qualified purchasers.

"The Louisiana" auction will take place on Sunday, May 23rd, 12 noon at The Marriott Eastside Hotel, 525 Lexington Ave. (between 48th and 49th streets). The Auction Information Center is located at "The Louisiana," 300 East 90th St(corner Second Avenue), Apt. 1-A. It is opened daily from 10 a.m. to 6p.m., and

Thursday evenings until 8 p.m. For more information or to receive a color brochure, please contact the Auction Information Center at 1-800-378-5286.
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Title Annotation:300 East 90th Street, New York, New York, auction by Carlton Property Auctions, 1993
Publication:Real Estate Weekly
Date:May 12, 1993
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