Homes damaged by Sandy to be auctioned off

A number of waterfront homes damaged by Superstorm Sandy will be up for auction in May. About 150 residents along the South Shore decided to

Some residents are upset the state paid full value while the homes will be sold for a fraction of the cost.

Some residents are upset the state paid full value while the homes will be sold for a fraction of the cost. (3/17/15)

WOODBURY - A number of waterfront homes damaged by Superstorm Sandy will be up for auction in May.

About 150 residents along the South Shore decided to sell their homes to New York state instead of making costly repairs after the October 2012 storm. The state will begin auctioning off those homes with starting bids as low as $28,000.

Neighbors to the damaged homes told News 12 that they are worried about buyers developing the properties into blights in the community. Others are concerned about their property values.

State officials say property values will increase when the homes are rebuilt.

“We are going to make sure that these homes are built to the highest standards,” said Jon Kaiman, of NY Rising.

State officials say the minimum bid prices for these homes may seem low. Experts say the prices are sure to shoot up due to the competitive state of real estate on Long Island.

Auctions are May 19 and May 20 at the Hyatt Regency Long Island in Hauppauge.

advertisement | advertise on News 12

Trending Video

Long Island Medium Thersa Caputo sat down with 1 Interview: LI Medium talks about her health scare
Gov. Andrew Cuomo was on Long Island Sunday 2 Cuomo unveils $130M project to reconstruct Nassau Expressway
This four-week event spotlights places to eat, drink 3 East End: Winterfest
Police have identified the mother as Nina Bryant 4 Mother and child killed in Mount Vernon fire
A small plane crashed into a wooded area 5 VIDEO: Chopper 12 over small plane crash at Gabreski Airport

advertisement | advertise on News 12

More News

Some Long Island families are still not getting The Long Road Back: Still Not Made Whole

It’s been two years since Superstorm Sandy slammed Long Island, leaving homes battered and destroyed.

Nassau is mailing out tax refunds to more Sandy victims receiving tax refund checks

Nassau is mailing out tax refunds to more than 6,000 whose homes were damaged by

The class action lawsuit alleges that the National Sandy lawsuit accuses insurance companies of shaving settlements

Superstorm Sandy victims have filed a new round of lawsuits, claiming insurance companies were shaving

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE