Auction features units in Lincoln Center area - residential units to be auctioned near Lincoln Center in New York, New York

Real Estate Weekly, Oct 21, 1992

At 140 West 69th Street, just a few blocks north of Lincoln Center, a limited number of its studio and one-bedroom residences will be sold at auction, "Absolute," regardless of price, to the highest bidder.

Conducting this sale is Carlton Property Auctions. Suggested opening bid for studio apartments is only $19,000. These units previously sold for $120,000. Bidding on 1 bedrooms are suggested to start at just $29,000 with these residences having sold previously for $225,000. The auction will also include the sale of several occupied residences. These investor units have suggested opening bids of $2,500. Financing is available on most residences.

140 West 69th Street, designed by famed architect Stanford White, is a 13-story pre-war full service building offering a 24-hour concierge and a staff of experienced maintenance personnel. The building has recently made extensive improvements which include a new lobby and hallways, installation of new windows and a new roof. The building's classic facade has been restored. The cooperative also offers the added financial benefit of a 75 percent tax deduction on its monthly maintenance charges. A choice selection residences are available, some with fireplaces. Several offer outstanding views of the City skyline and Lincoln Center.

The sale at 140 West 69th Street represents an extraordinary residential and investment opportunity. For more information, come to the Auction Information Center, open daily from 10:00 a.m. to 6:00 p.m. and Thursdays from 10:00 a.m. to 8:00 p.m., or call (212)875-1444.