Max Spann Real Estate & Auction Co. Sells over $10M in Historic Auction of Remaining Sandy Damaged

Max Spann Real Estate & Auction Co. Sells over $10M in Historic Auction of Remaining Sandy Damaged Homes Throughout Staten Island, NY 

[Clinton, NJ, Date] - Max Spann Real Estate & Auction Co is thrilled to announce the results of a historic auction of the remaining 20 Superstorm Sandy damaged residences in Staten Island, NY with over $10 Million in sales. The Online Auction brought a total of 660 bids made with an average of 33 bids per property. The highest property went for $752,600 (729 Oceanside Ave) , with an average property bid price of $527,615. There were a total of 58 registered bidders with funds on deposit in the escrow account.

This exceptional auction event, featured 20 rehab residences throughout Staten Island, New York, was conducted by order of the New York State Office of Resilient Homes and Communities reflecting both organizations' commitment to the recovery of these communities.

The New York State Office of Resilient Homes and Communities is dedicated to enhancing the resilience and sustainability of homes and communities throughout the state. With a focus on addressing the challenges posed by natural disasters and climate change, their aim is to create safe, adaptive, and thriving environments for New York residents. The office works tirelessly to develop and implement strategies, policies, and initiatives that not only prepare communities for potential disasters but also promote long-term resilience thus fostering a future where New York's homes and neighborhoods are better equipped to withstand and recover from adversity while ensuring the well-being of its residents. Through a holistic and forward-thinking approach, the New York State Office of Resilient Homes and Communities is dedicated to building a more resilient and sustainable future for all.

“The events and aftermath of superstorm Sandy were traumatic for many communities in New York,” said Max Spann Jr., President of Max Spann Real Estate & Auction Company. "New York’s response has been exemplary and for real estate investors it offers a unique opportunity."

Key Auction Details:

The auction featured a diverse portfolio of twenty residences, each with its own unique character and potential.

675 & 677 Seaver Ave - Three-bedroom townhomes with studio apartment - Two adjacent units sold separately.
797, 799, 795 Father Capodanno Blvd - Three units sold separately.
665 Oceanside Avenue – Close proximity to the beach with bay views.
584 Riga Street – Four-bedroom townhouse with separate entrance to a one-bedroom apartment.

Online Bidding opened on Tuesday, July 16, 2024 at 9:00 AM and conclude on Thursday, July 18, 2024 at 11:00 AM. Interested bidders participated in this multi-property auction through their computer or by downloading the Max Spann phone app. A comprehensive Property Information Package, including terms, photos, zoning, maps, and online bidding instructions, was provided to all bidders prior to the auction.

Max Spann Real Estate and Auction Company, a national company with over 50 years of industry leadership, is America's premier real estate auction and advisory firm. Their Accelerated Auction Marketing Program creates urgency in the marketplace and allows sellers to control the terms and timing of the sale of their real estate assets. Learn more about Max Spann Real Estate & Auction Co. and all upcoming auctions at www.maxspann.com.

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Media Contact:
Max Spann Jr.                                                                   
(908) 735-9191

auctions@maxspann.com               

FOR IMMEDIATE RELEASE