Archive for the ‘Long Beach’ Category

Nassau County Long Island Foreclosure results 9/22/2009

Tuesday, September 22nd, 2009 by erik.reilly

Nassau County Long Island Foreclosure results 9/22/2009
This weeks results of the public auction held each Tuesday at 11:30 AM in the Calender Control Part (CCP) Courtroom of the Supreme Court, 100 Supreme Court Drive, Mineola, NY was as follows:

Plaintiff (Bank)          Address                     Town             Upset price               Result

Option One                 10 Downs Rd               Hempstead    $202K  investor $108,000

Citi Mortgagae  529-3B W. Broadway     Long Beach     investor*   $225,000

Indy Mac               80 Rockaway Ave          Rockville Centre      investor $380,000

JP Morgan            57 Claflin Blvd                  Franklin Square        $315,000 Bank

Perla?           500 Nassau Rd Roosevelt $650,000 Bank

Indy Mac           5 Welsley St                     Hempstead          $128,840 investor $156K

Lasalle           22 Lorraine Dr               Island Park          $171,500  investor $172K

HSBC                    207 Randall Ave             Freeport                 $366,686 Bank

Emigrant               33 Ave A                          Inwood                  $155,186  Bank

American Home 83 Fairview Blvd        Hempstead        $225,000 investor $258K

Fundex?     142 Cherry Valley  Ave       Garden City          $1,201,650  (2nd) Bank

Wamu         349-351 Central Ave              Lawrence             $997,778   Bank

BS Re?          390 Emerson Pl                       Uniondale           $195,000    Bank

Deutch        477 Sterling Ave                     Uniondale            $178,500 Bank

Citi Mort     54 Sycamore Ave                   Floral Park           $348,000     Bank

HSBC          19 S Cottage St                       Valley Stream     $259.237     Bank

Notes;

68 Scheduled, 16 auctioned, Plaintiffs (Banks) took back 10, investors bought 5, *Bank of America bid on the Long Beach unit, up to the winning bid of $225,000 and won the bid. (I have only seen that once before in the last 2 years of attending the auction) My thinking is that it was a first lien protecting it’s position over the foreclosing second lien holder, or vice versa.

The Garden City auction was interesting as the upset price was stated as over $1.2 million. One of the investors asked the Referee if it was a first lien that was being auctioned. The referee responded that it was not and that it was a second lien. The investor asked further how much the first was for and he responded that the first was for $800k with negative amortization to $1.3 million.

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Long Beach NY 11561 Real Estate

Tuesday, May 13th, 2008 by erik.reilly

Long Beach NY 11561  Real Estate

Long Beach is a City located on a barrier island off the south shore of Long Island.

Long
beach is neighbored on the west by Atlantic Beach and on the east by
Point Lookout. Long beach is made up of a number of areas each with its
own character.


Homes in the west end are” beach homes”. Capes ranches and high ranches
are the most common types of homes. Most of these are located within a
block or two of the ocean on the south shore and Reynolds channel on
the north shore. Water views abound. Many homes have private docks.
Home owners in long beach experience some of the best fishing and
boating on the east coast.

The
central area of Long Beach is the West Holm area. This part of the city
features beautiful stucco homes built in the 1920s and 30s. These homes
feature slate roofs, stained glass windows, ten foot ceilings and grand
staircases of mahogany and oak. Some have been designated historic
landmarks. Many of these elegant homes were the summer homes of
celebrities of the era. A beautiful belonging to the silent screen
actress Clara Bow was recently purchased and lovingly restored. The
West Holm area is home to the city’s own municipal swimming pool, ice
skating rink and fishing pier.

Located
45 minutes from New York City by train and 1 hour by boat, Long Beach
is a conveniently located beach resort community featuring pristine
beaches, a beautiful boardwalk and great restaurants. Co-ops and
condominium buildings line the board walk. Many of these feature
private pools and gyms. Apartments with southern exposure have
beautiful ocean views.

Moving
east will bring you to the Canal area of Long Beach.  Three and
four bedroom capes, ranches and split level homes flank four boat
canals offering residents private docks with easy access to Reynolds
Channel and the ocean. This area also features quiet tree lined streets
and local schools and shopping.

Moving
east, heading toward the quiet sea side town of Point Lookout you will
pass large three and four bedroom luxury colonials and split level
homes of Lido Beach. These homes feature large bedrooms, sky lit family
and living rooms, luxury kitchens and water views.

Long
Beach NY currently has 213 residential properties available today,
ranging in price from $180,000.00 for a 2 bedroom colonial with
property taxes of approximately $3,400.00 per year to $3,800,000.00 for
a six bedroom six and one half bath open bay waterfront contemporary
colonial with taxes of $26,000.00.

There are
currently 217 condos and co-ops available today, ranging in price from
a low $125,000.00 for a studio with monthly maintenance of
$409.00 to a high of $1,900,000.00 for a 3 bedroom 2.5 bath Oceanfront
Hampton Style 2700 Sq Ft Duplex Corner Unit Townhouse with $17,148.02
in taxes and $446.00 in Common Charges .


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