A third round of auctions of Hurricane Sandy-damaged houses in Island Park is set to take place May 11 at the Hyatt Regency, at 1717 Motor Parkway in Hauppauge. The Housing Trust Fund Corporation, in connection with the Governor’s Office of Storm Recovery, which oversees NY Rising, has purchased the homes from the pre-storm owners.
A total of 29 Nassau County properties are up for bid. They were substantially damaged by either Tropical Storm Irene or Sandy.
The first two rounds of auctions totaled $22 million in May 2015 and $24 million in November 2015.
All of the properties are listed as substantially damaged, so the realty company recommends appropriate dress, and a flashlight.
The open house for these all the Island Park properties except Kent Road will be April 5. The property at 36 Kent Road is just vacant land, and so exclude from the open house. That property was valued at $335,000 pre storm. The new minimum bid for this parcel will be $78,325.
The other Island Park properties are:
AddressTypePre-storm valueMinimum bid
58 Lorraine Parksingle-family$350,000$72,800
45 Nassau Lanesingle-family$295,000$61,425
77 Parma Roadtwo family$500,000$104,000
72 Quebec Roadtwo family$360,000$74,750
46 Warwick Roadtwo family$430,000$89,375
Other properties are being auctioned in East Rockaway, Baldwin, Bellmore, Massapequa, Seaford, Long Beach, Lindenhurst, Amityville, West Islip and Babylon on Long Island, and others in Queens, Brooklyn, Staten Island, Port Jervis in Orange County and Stony Point in Rockland County.
Once purchased the owner has three years to redevelop the home consistent with local use and zoning regulations and compliant with Federal Emergency Management Agency requirements. The new owners, three years from closing, must produce wither a Certificate of Occupancy or letter of completion, if applicable, from the local building department. If those conditions are not met the property will revert to the HTFC.
The properties are listed by Paramount Realty USA, and the brochure listing them is available at prusa.com. Contact Paramount Realty USA at (516) 280-8280 for more information.