Talk Bronx New York

Luxury apartments at the Solaria high-rise in Riverdale are going up for auction on Nov. 22, with starting bids at nearly half-price.

It’s either been a lonely or very exclusive three years for the occupants of 10 apartments in this fancy high-rise Bronx condo.

After years of being battered by a slumping economy and stagnant sales, developers of the swanky Solaria in Riverdale are hoping the market is back by trying a new sales technique.

They are putting 54 of the long-empty condos on the auction block - with starting bids around half the original asking prices.

The auction, slated for 1 p.m. on Nov. 22 at the Sheraton New York in Manhattan, is being billed as the largest auction in the Northeast.

“This is really a great opportunity for folks,” said Jim Corum, president of Real Estate Disposition, the auction company running the sale.                                        

                                                                                             The Solaria in Riverdale

 ”I’m not aware of another luxury condominium, especially in New York City, coming up for auction.”

 The 20-story high-rise at 640 W. 237th St. boasts spacious apartments, low taxes, 24-hour doorman service, an observatory roof deck, health fitness center, indoor parking and a lounge with a home theater system.

“They’re beautiful apartments,” said Solaria developer Joseph Korff, president of Arc Development.

“And it doesn’t matter where in the building you are, you get good light.”

On sale are three one-bedroom apartments; 26 two-bedrooms; 21 three-bedrooms, two four-bedroom apartments (including a penthouse) and two five-bedroom units, which include a second penthouse.

Bids will start at about 55% of current listed prices, ranging from $299,000 for a one-bedroom originally listed for $660,000, to $1.9 million for the five-bedroom unit originally listed for $4.3 million.

Now that the economy is rebounding, housing prices are stabilizing and interest rates are low, Korff said interest in the condos is picking up. There’s been steady foot traffic into Solaria’s sales offices. And even some current tenants are looking into purchasing a second unit, Korff said.

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