Open house for foreclosed properties
City to show off 14 spots up for bid
TROY, N.Y. » Wanna buy a house? The city is showing off over a dozen foreclosure properties it owns on Tuesday, hoping that being able to go inside and look around will spur more peo- ple into bidding.
Last year, the city held a foreclosure open house for 10 properties, drawing 275 interested parties. This year, 14 buildings will be on display.
“The resale of foreclosed properties not only restores buildings to active use which helps stabilize Troy neighborhoods impacted by blight and vacancy, it expands the local tax base and provides new revenue to the city,” said Mayor Patrick Madden in a release. “The popularity of last year’s open house program demonstrated the strong interest in home and property ownership in Troy, and we are pleased to offer the public another opportunity to explore available properties for sale in our community.”
Below is a list of properties people can view and the times city staff will be on hand to let them in.
9 a.m. to 10:30 a.m.
• 751-759 Burden Avenue
• 13 Dunham Street
• 31 Dunham Street
• 1033 Sixth Avenue
• 47 Ingalls Avenue
• 6 Grace Ct.
• 118 Sixth Avenue
11 a.m. to 12:30 p.m.
• 17 Erie Street
• 16 Parkview Ct.
• 2179 Fourteenth Street
• 195 Tenth Street
• 13 West Sunnyside
• 383 Fifth Avenue
• 658 Fifth Avenue
Bids will be accepted through the Office of the City Assessor, located at 433 River Street, Ste. 5001, Troy, N.Y. 12180 until 4:30 p.m. on Aug. 2. Bids will go before a review committee before being passed onto the City Council for final approval.
City spokesman John Salka said at normal fore-
closure auctions, bidders have to make do with the information they glean from seeing the outside of the property. The open house event allows people to actually enter and learn more. No open-toed shoes or sandals are allowed, and people are asked to bring flashlights.
Salka said that while none of the 14 properties are derelict, their conditions vary. All are up for sale because of tax foreclosure. The city owns more than 14 foreclosure properties, but is choosing to showcase these because they’ve recently come under foreclosure.