Seward Park co-op board voids sale of one-bedroom that went at auction for $33G – New York Daily News

Linda Salamon thought she won the real estate lottery last May when she bought a $400,000 one-bedroom co-op apartment on the lower East Side for $33,000 at a...

Linda Salamon thought she won the real estate lottery last May when she bought a $400,000 one-bedroom co-op apartment on the lower East Side for $33,000 at a public auction.

Three months later, her ticket was voided when the Seward Park Co-op board that runs the sprawling building complex — complete with fitness center, landscaped grounds and 24-hour doorman — claimed the sale was no good because it should have been offered the property first.

Salamon of Roslyn, L.I., is now suing the co-op and Chase Home Finance, which put the apartment on the block after the current occupant defaulted on a $349,600 loan .

Salamon declined to discuss her battle, but her lawyer Richard Klass said that under state law, the co-op board cannot exercise its right of first refusal because the sale is not voluntary; it was forced by the lender.

He also noted that Seward Park’s board was notified of the auction and could have bid on the apartment when Salamon won the unit.

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