New York CityProperties listed here are the result of the various Trusts being the highest bidder at a Referee sale. If the foreclosing trust is the successful bidder it may or may not take title to the property. If it does not take title, TOWER, on behalf of the trust, will offer the successful bid for sale. At the closing the referee will deliver a referee’s deed to the purchaser During a marketing period after the auction, interested purchasers are expected to perform due diligence and may submit bids. You may send a bid to TOWER, attention: Auction Coordinator by fax (800-760-6956) or e-mail marketing@tcmfund.com. You must include your name, address, telephone number, fax number, the borough, block and lot identification of the property on which you are bidding and the amount of your bid. Following the marketing period, TOWER will conduct a sealed bid auction. Unlike a public auction which is held in the open and all interested parties can observe the bidding progress, a sealed bid auction requires the submission of a bid in writing without knowledge of how many parties are participating and what amount competitive bidders are bidding.

TOWER will start the sealed bid auction by faxing a Standard Bid Form to all parties who have expressed an interest in acquiring the property. The bid package describes the procedures to follow and contains the terms and conditions to participate. You can download the Bid form below.
Bids are subject to review and approval by a committee that evaluates all bids. TOWER will notify the successful bidder in writing and call to confirm to whom the Assignment of Bid Agreement should be forwarded. The successful bidder must execute and return the “Assignment and Assumption of Bid Agreement” (for foreclosure bids) or “Purchase and Sale Agreement” (for properties) together with the required 10% deposit within ten business days. Deposits must be made in certified or bank funds and will be held in an escrow account by the attorney representing the trust.
If the winning bidder does not return the signed “Assignment and Assumption of Bid Agreement” or the “Purchase and Sale Agreement” within the required ten day period, TOWER will either award the bid to the next highest bidder or conduct another round of bidding. Each auction is evaluated individually and is subject to committee approval.

The above is a brief summary of the sealed bid auction procedure. TOWER may modify the procedure at anytime. The Standard Bid Form will contain the procedure applicable to any particular auction. In the event of conflicts between the text on this website and the Standard Bid Form, the terms of the Standard Bid Form shall govern.

Closing on the Purchase of a Bid Assignment or Property
At the closing of the purchase of a foreclosure bid, the bid will be assigned to the purchaser and, at the same time, the referee will execute and deliver a referee’s deed conveying the property directly to the purchaser. If the property was owned by a foreclosing trust or a related company, the seller will deliver a quit claim deed or bargain and sale deed without covenants conveying the property to the bidder. Foreclosure bids and properties are sold “as is, where is, and with all faults” and neither TOWER nor any trust can make any representations or warranties. Accordingly, it is extremely important that potential purchasers conduct a thorough investigation prior to making a bid.

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Garland Court, Brooklyn, NY, 11229

Asking - $16,000

BBL: 3-08830-0112
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Amboy Road (24 car parking lot), Staten Island, NY, 10309

Asking - $29,000

BBL: 5-04645-0420
Building Class: Commercial, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

VETERANS ROAD WEST, Staten Island, NY

Asking - $6,900

BBL: 5-07120-0019
Building Class: Commercial, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Steinway Street, Queens, NY, 11103

Asking - $12,500

BBL: 4-00676-0130
Building Class: Commercial (Other)
Property is behind these structures Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

BOLLER AVENUE, Bronx, NY, 10466

Asking - $20,000

BBL: 2-04921-0019
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Boller Avenue, Bronx, NY, 10466

Asking - $18,000

BBL: 2-04922-0140
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

666 SHORE DRIVE, Bronx, NY, 10464

Asking - $95,000

BBL: 2-05486-0101
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

HARLEM RIVER TERRACE, Bronx, NY

Asking - $25,000

BBL: 2-05716-0363
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Garland Court, Brooklyn, NY, 11229

Asking - $35,000

BBL: 3-08830-0113
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

1489 EAST 96 STREET, Brooklyn, NY, 11236

Asking - $12,900

BBL: 3-08280-0035
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Ellwood Avenue, New York, NY, 10040

Asking - $35,000

BBL: 1-02174-0114
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

43-04 158 STREET, Queens, NY, 11358

Asking - $15,000

BBL: 4-05415-1001
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

47-26R 98th Street, Queens, NY, 11368

Asking - $24,000

BBL: 4-01879-0110
Building Class: Automotive, Sales or Repair
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

116th Ave (20 X 100 ft Alley), Queens, NY

Asking - $15,000

BBL: 4-11303-0105
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

East 98th Street (Bet Ave L & K), Brooklyn, NY, 11236

Asking - $25,000

BBL: 3-08243-0165
Building Class: Residential, Less than 10 Units

Bidding closes: 2019-11-08

Prices Lane (Vacant Land), Staten Island, NY

Asking - $125,000

BBL: 5-00631-0007
Building Class: Residential, Less than 10 Units

Bidding closes: 2019-11-08

86 Street, Brooklyn, NY

Asking - $35,000

BBL: 3-07166-0001
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

146 STREET (20' x 95' vacant land), Queens, NY, 11436

Asking - $25,000

BBL: 4-12064-0046
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Maria Lane, Staten Island, NY, 10312

Asking - $29,000

BBL: 5-05507-0207
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Englewood Ave 1.01 Acres zone R3-2 Zoned Residential, Staten Isalnd, NY, 10309

Asking - $150,000

BBL: 5-07349-0037
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

101 14th Avenue, (20ft X 37ft interior lot), Brooklyn, NY, 11218

Asking - $19,000

BBL: 3-05351-0101
Building Class: Commercial (Other)

Bidding closes: 2019-11-08

East 52nd Street, Brooklyn, NY, 11234

Asking - $30,000

BBL: 3-07877-0018
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

2074 Tillotson Avenue, Bronx, NY, 10475

Asking - $40,000

BBL: 2-05232-0001
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

Mill Road, Brooklyn, NY

Asking - $40,000

BBL: 3-06911-0049
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

712R East 214th St (50 ft x 25 ft R7A), Bronx, NY, 10467

Asking - $40,000

BBL: 2-04661-0112
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Bentley St, Staten Island, NY, 10307

Asking - $14,000

BBL: 5-08003-0093
Building Class: Commercial, Vacant

Bidding closes: 2019-11-08

179 Monroe Street, Storage Unit S2, Brooklyn, NY, 11216

Asking - $14,000

BBL: 3-01812-1010
Building Class: Parking, Open Storage

Bidding closes: 2019-11-08

Aultman Ave (Lot 1 and lot 4 totaling 100 ft. X 100 ft. vacant lot), Staten Island, NY, 10306

Asking - $30,000

BBL: 5-02261-0001
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

154 Attorney Street, Roof Storage Unit R3, Manhattan, NY, 10002

Asking - $26,311

BBL: 1-00345-1037
Building Class: Residential, Condo

Bidding closes: 2019-11-08

138-35 Elder Avenue, Parking Unit 76, Queens, NY, 11355

Asking - $7,000

BBL: 4-05137-1076
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

Ditmas Avenue (10 X 40 ft lot), Brooklyn, NY, 11236

Asking - $15,000

BBL: 3-07911-0159
Building Class: Automotive, Sales or Repair

Bidding closes: 2019-11-08

138-35 Elder Avenue, Parking space 53, Queens, NY, 11355

Asking - $6,000

BBL: 4-05137-1053
Building Class: Parkng Space, Cabana, Dock
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

1142 Bedford Avenue, Residential Roof Unit 7A, Brooklyn, NY, 11216

Asking - $50,000

BBL: 3-01986-1032
Building Class: Office Building

Bidding closes: 2019-11-08

Crescent Street, Brooklyn, NY, 11208

Asking - $15,000

BBL: 3-04566-0080
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

14 Avenue (79ft X 54ft triangle, vacant lot), Queens, NY, 11357

Asking - $40,000

BBL: 4-04541-0010
Building Class: Residential, Less than 10 Units

Bidding closes: 2019-11-08

141 Street (60ft X 20 ft trianglular parking lot), Queens, NY, 11435

Asking - $10,000

BBL: 4-11926-0038
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

Dongan Hills Avenue, Staten Island, NY

Asking - $7,000

BBL: 5-03753-0023
Building Class: Residential, Less than 10 Units
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2019-11-08

102nd Street, Queens, NY, 11414

Asking - $177,000

BBL: 4-14225-0040
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

Wenlock Street, Staten Island, NY

Asking - $15,000

BBL: 5-01184-0160
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

Hutchinson River Pkwy, Bronx, NY, 10461

Asking - $25,000

BBL: 2-05381-0075
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

42 Hylan Blvd (25 X 125 vacant land), Staten Island, NY, 10305-2002

Asking - $35,000

BBL: 5-02830-0036
Building Class: Residential, Single Family

Bidding closes: 2019-11-08

52 Brighton Avenue, Staten Island, NY, 10301

Asking - $374,000

BBL: 5-00104-0013
Building Class: Commercial, Mixed Use

Bidding closes: 2019-11-08

Church Street, Queens, NY

Asking - $15,000

BBL: 4-14225-0130
Building Class: Residential, Vacant

Bidding closes: 2019-11-08

3150 Miles Ave (25 ft X 100 ft Vacant Land), Bronx, NY, 10465

Asking - $10,000

BBL: 2-05519-0001
Building Class: Vacant Land (Residential)

Bidding closes: 2019-11-08

1517 Adee Avenue, 25ft X 95ft vacant land, Bronx, NY, 10469-3203

Asking - $125,000

BBL: 2-04766-0030
Building Class: Residential, Single Family

Bidding closes: 2019-11-08