On the eve of a national auction of historic properties for the first time in more than a decade, the city of New York is holding a public sale of its largest public asset: its old, mostly vacant lot at 13 West 52nd Street in Manhattan.
A public auction, the proceeds of which will go to benefit charities, is part of the city’s effort to improve its finances and make it easier for New Yorkers to buy and sell homes.
The sale will start at 10 a.m.
Monday and end at 11:59 p.m., according to a news release from the city.
The city has been trying to sell off more than 5 million homes and condominiums that are not currently owned by the city to people in need, and some of the homes are in poor condition.
But a major public-sale auction is not a traditional auction because it involves more than one buyer.
“The bidding process will be different,” said Daniel Wachs, a spokesman for the city, who said the auction is open to anyone.
The house in question is one of thousands of properties owned by a private owner.
“This is a really big house,” said Tom Rennie, a real estate broker in Manhattan who specializes in auctions and auctions for charities.
“It’s one of the most desirable properties in the city.”
The building is a five-story, six-story building with two story roofs, a two-story front porch, a basement and an upper level that was built in 1868.
The building was originally owned by Samuel Morse and a man named John Morse, who had a home on the block and a home in the Bronx.
The Morse estate sold in 1999 for $8.5 million, and the building’s current owners bought it in 2006 for $7.9 million.
The new owner has yet to disclose the value of the property, but it is one that is not subject to a federal sale tax.
The current owners will receive $40,000 for the property.
The buyer has until March 14 to submit the offer to the city for approval.
It is not known if the city will be able to sell the building to a new buyer or if the current owner will want to continue to live in it.
But Mr. Rennis said the city would likely be able sell the house to the person with the highest bid, since the house is not being sold for a private purpose.
“That would be the best way for it to go up for sale,” he said.
The home, a single-story brick house, is listed on the National Register of Historic Places, but no one knows what the history of the building is.
It has been listed for sale in several different listings, including one for $5.9 billion, but its history was not widely known until the city purchased it in 2016.
The previous owners did not reveal their ownership, which could be related to the building, but a representative from the property said it is an open house to anyone interested in the history.
The next step is for the buyer to submit a bid, which can range from $2 million to $5 million.
“We want to be sure we are getting the highest price possible,” Mr. Wach. said.