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Auction features homes in Brooklyn, Queens.

Carlton Property Auction's Great Metro Auction II, the region's largest ever one-day sale featuring more than 300 vacant and occupied residences in Queens, Brooklyn, and Manhattan, will be held on Sunday, June 6, at the Holiday Inn Crowne Plaza Hotel at JFK Airport in Queens.

Many of the residences will be offered Absolute -- regardless of price -- to the highest bidder. With suggested opening bids as low as $9,000 for a vacant Brooklyn residence, $19,000 for vacant apartments in Queens and Manhattan, and just $5,000 for occupied units, this sale represents an extraordinary opportunity for both users and investors alike.

In addition to the attractive opening bid prices, the seller is offering an 8 percent, 20-year fixed rate financing for owner-occupied apartment purchases.

The Queens portfolio features vacant and occupied units at six cooperative complexes: Georgetown Mews in Kew Garden Hills; Alley Pond in Bayside; Briarwood Gardens; 34-24 72nd Street; and Dunolly Gardens in Jackson Heights. All of these properties are located on attractively landscaped sites which are convenient to shopping and transportation. Vacant apartments have been stylishly refurbished and offer new appliances.

The Brooklyn properties offer an extremely wide range of living options, from attractive Midwood properties such as 825 Ocean Parkway and 2234 Ocean Avenue, to the popular Kensington area (570 Ocean Parkway), to 3045 Ocean Parkway in Brighton Beach, and 2020 East 41st Street, located just off Kings Highway.

Manhattan is represented by 145 East 29th Street, a seven-story elevator building in an ideal central Manhattan location.

The Auction Information Center is located at Georgetown Mews, 152-73 Jewel Avenue, Apartment 146A and is open seven days a week. All of the properties will be open on weekends for viewing. Call the Auction Hotline for a color brochure (718) 793-6000.

This sale is being conducted by Carlton Property Auctions on behalf of Overseas Commodities, Ltd., a London-based investment group. In the past four years, Carlton has conducted more than 100 estate auctions, selling more than 5,000 vacant and occupied units with an aggregate value exceeding $150 million.
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Title Annotation:New York, New York
Publication:Real Estate Weekly
Date:May 19, 1993
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