Bronx 1

Public Auction: 1471 Teller Ave, Bronx

Auction September 29, 2021 | Minimum Bid $380,000
Public Auction: 1471 Teller Ave, Bronx
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Property Overview

2,990± square foot two-story brick former group living facility with an unfinished walk-out basement in fair overall condition.  The first floor contains a living room, dining area, kitchen, laundry area, two bedrooms, and one full bath.  The  second floor is configured with four bedrooms, 2 bathrooms, and a living room.  The basement is used as a storage/mechanical room.

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Property Details

Location

1471 Teller Avenue, Bronx, NY 10457

Lot Size

The lot is slightly irregular in shape with 28.36’ of frontage on Teller Avenue with depths of 76.22’ and 69.35’. It is generally level at street grade with a 3’ decline to the rear. Claremont Park is across the street.

Deed Information 

The property was first acquired via appropriation by the People of the State of New York on June 20, 1980 and was returned to State Ownership by reverter from the Federation of Multicultural Programs, Inc., by deed dated June 24, 2019.

Tax Identifier 

Bronx County Block 2784, Lot 56

Bronx County Assessor

State-owned property is exempt from property and school taxes. For information regarding assessment rates, please contact:

Phone: (718) 579-6879

Bronx County Assessor’s Office
Bronx Borough Office, Department of Buildings
1932 Arthur Ave, 5th Floor
Bronx, NY 10457

Zoning

State-owned property is exempt from local zoning; however, the subject is within an area designated R7-1 Medium Density Residential. For information regarding permissible uses, please contact:

Department of City Planning, Bronx Office

1775 Grand Concourse, Suite 503
Bronx, NY 10453
Tel. 718-220-8500   Fax 718-584-8628

 

Zoning Help Desk:  212-720-3291 (8:30 am-5:30 pm, Monday-Friday)

Call during business hours, leave a detailed message, and a zoning specialist will get back to you within two business days.

(Note: The Zoning Help Desk is closed on legal holidays)  www1.nyc.gov/site/buildings/homeowner/homeowner.page

Environmental 

Prospective bidders should investigate the environmental condition of the premises as it relates to their own individual requirements for their proposed use.

Easements 

Typical utility and public service easements in addition to deeded easements.

Auction Details

Date

Wednesday, September 29, 2021, at 11:00 a.m.

Pre-registration verification and screening begins at 10:00 am

Bidder Pre-Registration

Bidder pre-registration is required by 4:00 p.m. on Friday, September 24, 2021. Download and submit a pre-registration form

Auction Location

Residence Inn New York The Bronx at Metro Center Atrium
1776 Eastchester Road
Bronx, New York 10461

Minimum Bid

$380,000

Deposit

$38,000 Certified Bank Check Payable to Yourself/Bidder.

Additional Deposit

A non-refundable amount which when added to the initial deposit constitutes 10% of the successful bid; said amount is payable within ten business days after notification of acceptance of the bid.

Broker's Commission

A 2.5 percent broker commission will be paid by the State of New York to a qualified real estate broker who represents the successful bidder at the time of closing.

Site Visits

By Appointment Only on Designated Dates - No Walk-Ins Please

To make an appointment, contact:

Laura Graham | [email protected] | 518-473-1289  
Corey Landy | [email protected] | 518-402-2416
Sandy Lewis | [email protected]518-474-2195

Available Dates and Times:

  • Wednesday, August 25 12:00 p.m. - 3:00 p.m.
  • Thursday, August 26 9:00 a.m. – 12:00 p.m.
  • Tuesday, September 14 12:00 p.m. - 3:00 p.m.
  • Wednesday, September 15 9:00 a.m. – 12:00 p.m.
  • Monday, September 20 12:00 p.m. - 3:00 p.m.
  • Tuesday, September 21 9:00 a.m. – 12:00 p.m.

 

Legal Documents

Designated Contacts

State Asset & Land Management
Legal Services | 518-474-8831                         
  • Frank P. Pallante | 518-474-8831
  • Karen Ansong  | 518-474-8831