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 - $3,000

BBL: 3-08830-0112
Building Class: Residential, Vacant
Submit all bids to Matt Templeton at mtempleton@tcmfund.com
Bidding closes: 2025-04-18

Main Street, Staten Island, NY

Asking - $175,000

BBL: 5-08003-0109
Building Class: Commercial, Vacant

Bidding closes: 2025-04-18

ALEX CIRCLE, Staten Island, NY, 10305

Asking - $25,000

BBL: 5-03123-0130
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

1224 EAST 82 STREET, PARKING SPACE G48, Brooklyn, NY, 11236

Asking - $5,000

BBL: 3-08060-1032
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

Woodside Avenue, Queens, NY

Asking - $10,000

BBL: 4-01294-0083
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

Oceanside Ave, Staten Island, NY, 10305

Asking - $32,000

BBL: 5-03491-0130
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

1455 E 108th St, Parking Space # 101, Brooklyn, NY, 11236-4777

Asking - $2,500

BBL: 3-08273-1101
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

1476 67 STREET, Parking Space # 3, Brooklyn, NY, 11219

Asking - $5,000

BBL: 3-05769-1105
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

DONGAN HILLS AVE, STATEN ISLAND, NY, 10305

Asking - $161,000

BBL: 5-03753-0021
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

Hegeman Ave, Brooklyn, NY

Asking - $10,000

BBL: 3-04305-0044
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

1142 BEDFORD AVE, Storage unit # 9, New York, NY, 11216

Asking - $5,000

BBL: 3-01986-1057
Building Class: Industrial, Storage Bay

Bidding closes: 2025-04-18

RIVERSIDE LN, STATEN ISLAND, NY, 10302

Asking - $10,000

BBL: 5-01116-0155
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

529 CLINTON ST, CONDO UNIT #100, BROOKLYN, NY, 11231-3300

Asking - $80,000

BBL: 3-00377-1001
Building Class: Commercial Condominiums

Bidding closes: 2025-04-18

82-40 51ST AVE, 42ft X 80 ft in front of garage, FLUSHING, NY, 11373

Asking - $35,000

BBL: 4-01542-0011
Building Class: Commercial, Vacant

Bidding closes: 2025-04-18

641 WATKINS STREET, Brooklyn, NY, 11212

Asking - $525,000

BBL: 3-03639-0032
Building Class: Residential, Less than 10 Units

Bidding closes: 2025-04-18

138-35 Elder Avenue, Parking Space #96, Queens, NY, 11355

Asking - $5,000

BBL: 4-05137-1096
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

NE Corner of Huxley St and 149th Dr, Rosedale, NY, 11422

Asking - $15,000

BBL: 4-13645-0001
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

138-35 Elder Avenue, Parking Space #90, Queens, NY, 11355

Asking - $3,000

BBL: 4-05137-1090
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

1110 Castleton Avenue, Staten Island, NY, 10310

Asking - $850,000

BBL: 5-00209-0058
Building Class: Stadium, Theater, Fairgrnd

Bidding closes: 2025-04-18

504 BEACH 43 STREET, FAR ROCKAWAY, NY, 11691-1215

Asking - $170,000

BBL: 4-15960-0053
Building Class: Residential, Single Family

Bidding closes: 2025-04-18

2303 E 13TH ST, BROOKLYN, NY, 11229-4305

Asking - $950,000

BBL: 3-07398-0001
Building Class: Residential, Single Family

Bidding closes: 2025-04-18

LANSING STREET, Staten Island, NY, 10305

Asking - $10,000

BBL: 5-03401-0016
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

198-210 16 STREET, PARKING SPACE #15, Brooklyn, NY, 11215-8436

Asking - $20,000

BBL: 3-01053-1247
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

770C LEFFERTS AVE, PARKING UNIT # 22, New York, NY, 11203

Asking - $10,000

BBL: 3-01429-1222
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

BEACH AVENUE, New York, NY

Asking - $20,000

BBL: 2-03521-0049
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

770C LEFFERTS AVE, PARKING UNIT # 26, New York, NY, 11203

Asking - $10,000

BBL: 3-01429-1226
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

5312 AVENUE O, PARKING SPACE P2, BROOKLYN, NY, 11234-3926

Asking - $10,000

BBL: 3-08493-1005
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

770B LEFFERTS AVE, PARKING SPACE # 13, New York, NY, 11203

Asking - $10,000

BBL: 3-01429-1213
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

MOFFAT ST, BROOKLYN, NY, 11207

Asking - $1,850,000

BBL: 3-03447-0060
Building Class: Parking, Open Storage

Bidding closes: 2025-04-18

82-25 QUEENS BLVD, Parking Space #7, FLUSHING, NY, 11373-4242

Asking - $12,000

BBL: 4-01542-1140
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

412 JERSEY STREET, NYC, NY, 10301

Asking - $125,000

BBL: 5-00047-0107
Building Class: Automotive, Sales or Repair

Bidding closes: 2025-04-18

2259 Loretta Rd, Far Rockaway, NY, 11691-2536

Asking - $60,000

BBL: 4-15706-0067
Building Class: Residential, Less than 10 Units

Bidding closes: 2025-04-18

VETERANS RD W, STATEN ISLAND, NY, 10309

Asking - $1,075,000

BBL: 5-07105-0506
Building Class: Commercial, Vacant

Bidding closes: 2025-04-18

310 W 52ND ST, 42 SQ FT STORAGE UNIT #155, New York, NY, 10019-6284

Asking - $11,693

BBL: 1-01042-1470
Building Class: Industrial, Storage Bay

Bidding closes: 2025-04-18

768 EAST 2 STREET, PARKING UNIT #1, New York, NY, 11218

Asking - $5,000

BBL: 3-05408-1006
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

132-08 131 AVENUE, Queens, NY, 11420

Asking - $50,000

BBL: 4-11777-0016
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

605 E NEW YORK AVE PARKING SPACE 32, BROOKLYN, NY, 11203-1172

Asking - $12,300

BBL: 3-01333-1032
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

2267 81ST ST, PARKING SPACE P1, BROOKLYN, NY, 11214-2083

Asking - $5,000

BBL: 3-06289-1001
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18

Gansevoort Blvd, Staten Island, NY, 10314

Asking - $7,500

BBL: 5-00719-0064
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

BEACH 45 STREET, Queens, NY, 11691

Asking - $15,000

BBL: 4-15966-0012
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

PROSPECT PL, 20 ft X 25 ft Vacant land, BROOKLYN, NY, 11233

Asking - $89,000

BBL: 3-01459-0058
Building Class: Residential, Vacant

Bidding closes: 2025-04-18

770A LEFFERTS AVE, PARKING UNIT # 4, New York, NY, 11203

Asking - $5,899

BBL: 3-01429-1204
Building Class: Parkng Space, Cabana, Dock

Bidding closes:

770C LEFFERTS AVE, PARKING UNIT # 21, New York, NY, 11203

Asking - $5,000

BBL: 3-01429-1221
Building Class: Parkng Space, Cabana, Dock

Bidding closes:

108-27 63 AVENUE, PARKING SPACE # 5, New York, NY, 11375

Asking - $18,000

BBL: 4-02166-1017
Building Class: Parkng Space, Cabana, Dock

Bidding closes: 2025-04-18