08/13/14 4:26pm
08/13/2014 4:26 PM
An auction of all White's Hardware products brought out many bidders. (Cyndi Murray photo)

An auction at White’s Hardware Wednesday attracted a few dozen bidders. (Credit: Cyndi Murray)

More than 30 people, some traveling from as far away as Brooklyn, descended on White’s Hardware in Greenport Wednesday morning for an auction of the store’s products as the owners prepare to sell the business.  (more…)

07/17/13 4:00pm
07/17/2013 4:00 PM

TIM KELLY FILE PHOTO | The collapsed remains of what once was the General Wayne Inn in Southold, in a 2011 photo.

The General Wayne Inn property will remain in the hands of its creditors after the finance company waived off multiple lowball offers during a public auction Tuesday.

Bidding started at $55,000 and reached a maximum of $70,000 before the mortgage holder, Liquidation Trustee Services, ended the bidding with an offer of $1.8 million, the amount owed on the property.

“When they saw the bids were not going to get to the point they were willing to accept they called off the bidding,” said town assessor Bob Scott, an auction spectator. The bidding began at Town Hall a half-hour earlier than scheduled, to the frustration and confusion of dozens who arrived at the noted time.

“If they are really trying to sell it you’d think they’d be on the up and up about it,” said Kathy May, who lives next to the property. “I just wanted to know who my neighbor was going to be. It’s ridiculous.”

During a June 4 Town Board meeting, company representative Michael Tsandilas told officials that several interested parties had lined up to purchase the once-popular inn, which dates back to the late 1700s and has fallen into extreme disrepair following years of neglect.

Earlier this year the Town Board declared the historic inn “unsafe and dangerous to the public in its current state.” The board said that following the auction the new owner would have 30 days to respond with a plan of action to make the structure safe or face violations.

Supervisor Scott Russell said Tuesday he wasn’t surprised by Liquidation Trustee Services’ gaining the title, but the company will be held accountable if a viable plan to secure the property isn’t presented to the town within 30 days.

“The bank is going to protect its interests,” he said. “Rarely is someone going to show up and bid more than the foreclosed amount. If we still don’t get resolution from the owner of record then we would undertake it ourselves and file it as a lien against the property.”

Mr. Russell said that if the General Wayne Inn comes into the town’s possession it will be demolished and the expense added to the last owner’s next tax bill.

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07/01/13 8:00am
07/01/2013 8:00 AM

TIM KELLY PHOTO | The Orient Point Lighthouse in Plum Gut is once again being auctioned off by the federal General Services Administration.

Orient Point Lighthouse is on the auction block … again.

Following a failed attempted by the U.S. General Service Agency to sell the historic lighthouse last year the department has once again opened the property for bidding.

Built in 1899, the cast iron lighthouse, also known as the “Coffee Pot” lighthouse, is located just off the tip of the North Fork in Plum Gut. The building stands 45 feet tall and boasts three stories of living quarters and two watch decks, according to the GSA listing.

The agency first attempted to auction off the lighthouse last summer, with plans to sell the property to the highest bidder within two months. The closing date was later postponed to September of that year. Despite the extended deadline, the auction did not result in a sale.

“It’s not uncommon,” said GSA spokesman Patrick Sclafani. “People say, ‘Wow. I can buy a lighthouse!’ But once they inspect it, they realize they may not have the resources to maintain the property.”

Such was the case with the East End Seaport Museum, which was considering purchasing the lighthouse before determining it did not have the financial resources to back the deal.

Nine parties bid in last year’s Orient Point Lighthouse auction, with the highest bid coming in at $100,000.

Comparatively, the offer was well below the sale price of Little Gull Island, which sold for $381,000 last October. Connecticut resident and businessman Fred Plumb bought the one-acre island in the Long Island Sound, which is one of home to an historic lighthouse. Mr. Plumb has yet to announce plans for the property.

The second round of bidding on the Orient Point Lighthouse opened on June 1. So far the highest bid is $10,000, according to GovSales.com. Bids are being accepted in $5,000 increments.

Under the National Lighthouse Preservation Act, the would-be-owners would not be permitted to tear down or make any major changes to the structure. They would also be required to allow the U.S. Coast Guard access to maintain the light.

“Our hope is that if a private owner gets it, they will reach out to conservation groups and maintain it the right way,” Mr. Sclafani said.

The GSA has not yet set a closing date for the bidding.

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10/20/10 3:28pm
10/20/2010 3:28 PM

KATHARINE SCHROEDER PHOTO Sign announcing the auction is taped in the window of the now-closed Village Market in Mattituck.

Going, going, mostly gone.
If you always wanted to own a souvenir from your favorite hangout, Mattituck’s now defunct Village Market, you may have missed your chance.
On Monday, an auctioneer from American Assets sold off everything from a walk-in refrigeration unit, a coffee station island and Bunn coffee makers to display cases, cash registers, racks, ceiling fans, cooking equipment and even baskets that once held baked goods.
New owner Michael Avella, who bought the market last month from longtime owner Mike Bourguignon, also owns Love Lane Kitchen next door and plans to open his own specialty food market in the space. He’s keeping a few original items, including a large refrigeration unit to hold bottles and cans. But he has new, modern equipment on order and plans to renovate the space so almost everything had to go, he said.
Mr. Avella admitted disappointment at the small number of bidders — about 10 total — but said that Mattituck was too far from New York City for merchants to travel here and then have to transport whatever they might have bought back to their own stores.
Signs in the window read “Coming Soon — Love Lane Market.” But how soon will depend on how quickly Mr. Avella can spruce up the old digs and get new equipment installed.
“I would love to be open by Christmastime,” he said, “but it’ll be tough.” Nonetheless, he’s not letting go of that goal.
While the new market and Love Lane Kitchen will operate independently, a few items might carry over between the two businesses, Mr. Avella said. Love Lane Market will feature its own homemade sausages and may have homemade pasta. Those could well be offered at the restaurant, too, he said.
As for how much he might net from the auction, he wasn’t optimistic. “I’d be happy if somebody could use the stuff,” he said.
Bidders were to pay for and remove their treasures by Tuesday. Depending on what didn’t sell at the auction, Mr. Avella said he had been offered warehouse space and might try to sell the items on eBay and craigslist.
Mr. Avella couldn’t be reached Tuesday to determine the final receipts from the auction, but there were some items on which no one bid, so there might still be a chance to pick up your own memento of Mattituck’s Village Market.
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