Two more Sandy-damaged homes in Seaford will be auctioned off, part of 51 Long Island properties that will be sold on May 11.
The auction, run by Paramount Realty USA in connection with the Governor’s Office of Storm Recovery and the New York Rising Housing Recovery Program, will take place at the Hyatt Regency Long Island. The homes, which have been deemed “substantially damaged,” will be available for as little as 30 percent their value.
All of the properties have already been acquired from the homeowners through the Housing Trust Fund Corporation.
“Through the New York Rising Acquisition Program, we can offer properties at a fraction of their pre-storm value, while instituting measures to improve the resiliency of the state,” said Lisa Bova-Hiatt, executive director of the Office of Storm Recovery. “During our first two auctions on Long Island, we have seen the enormous popularity and success of these undertakings. We are excited that the latest rounds of auctions will build momentum for New York’s housing recovery process, while advancing ongoing efforts to build back in a stronger and re-imagined way.”
The first home up for auction is 2338 Pine St. The 1,166-square-foot Cape Cod-style home was built in 1950, and has four bedrooms. Its value is $350,000, and the minimum bid is $108,225.
Also up for auction will be 3896 Sands Lane. The two-story red house is located on a narrow, private dirt road off South Seaman’s Neck Road. It is 1,167 square feet, has three bedrooms and was built in 1916. The minimum bid will be $120,900 for the waterfront home, valued at $310,000.
“The sale of these properties represents one important step in their rebuilding in a manner that is more resilient to future storms and other instances of extreme weather and we are excited to be playing a role,” said Misha Haghani, principal of Paramount Realty.
One the properties are sold, redevelopment must be consistent with local zoning regulations. Construction must completed and a Certificate of Occupancy issued by the Building Department within three years of the closing date.
Open houses for the two homes will be held on Wednesday, April 6 from 8 to 11 a.m., in which potential bidders will be allowed to inspect the homes. For more information, visit www.prusa.com.