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Sample Ad: Large Two-Family House Auction Sale

by on Nov.19, 2007, under Posts>Announcements>For Sale>Real Estate>Residential Real Estate>New York City>Posts>Announcements>Auctions>Real Estate Auctions

Note: This ad is an old ad. It is not live. It is shown as a sample ad only.

NEW to the market. Good for a 1031 exchange situation. For sale by owner.

This is a two-family house in North Riverdale, one of the real estate hot spots and one of the best neighborhoods in New York City.

It was built in 1950, designed for professional people and public servants and planned to provide the pleasures and attractions of a single family home. Each floor has two bedrooms, one bathroom, large living room, kitchen and dining area. There is a garage, a terrace, a garden, and a large finished basement. There is also off-street parking space.

The house is on a quiet block, across the street from a playground and an elementary school. It is just a few minutes’ walk from a community center with a swimming pool, and a branch of the New York City Public Library, etc.

The house has quick access to Manhattan. It is just one minute from the Henry Hudson Parkway. It is also near buses and not far from Subway and Metro North Riverdale train station. It is 25 minutes by train or 40 minutes by express bus to Midtown Manhattan. There are free shuttle buses to the Metro North Riverdale train station.

The house is close to the biggest park in New York City, Van Cortlandt Park, which has Riverdale Equestrian Centre for horseback riding. It is also close to one of JFK’s former residences, and Wave Hill, one of Mark Twain’s former residences, a beautiful garden overlooking the Hudson River.

The house belongs to a community that has one of the finest school systems in the country and remarkably low taxes. Tax is just $5135/year.

Living square footage is about 1010 square feet each floor. Total construction square footage is about 3030 square feet. Lot area is about 4500 square feet (45 feet x 100 feet).

The minimum bid for this auction is $495,000. The auction has a reserve price which is not published. The auction was scheduled to end on January 20th, 2008, but has now been extended to February 3rd, 2008. You may place a bid by email or by using the “Post A Comment” form here. You may also buy the property without taking part in the auction at the “Buy Now” price of $950,000. If the property was not sold at this “Buy Now” price by the time the auction ends, it will be sold to the highest bidder whose bid meets or exceeds the reserve price.

Current highest bid is $700,000, which has not met the reserve price.

Please call 212-461-0685 to make an appointment to see the property. This property is for sale by owner only. No brokers please.

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