City to sell plot in middle of College Pt. yacht club
19.05.12
“When the gentleman won the bid, he put down a deposit,” said Kim Cody, a member of the yacht club, at 304 126th St., and president of the Greater Whitestone Taxpayers Civic Association. “When he came to look at the property, he was a little bit confused. We actually marked it off with yellow tape to show where it was.”
The man, identified as James Kim, had put down a 10 percent deposit on his roughly $246,000 bid at a city-sponsored auction July 23, 2003. Additional information about Kim was not available by press time.
When putting the property up for sale, the city probably had used out-of-date surveys that did not accurately reflect the coastline of College Point, according to Artie McCrossen, the vice commodore at the club. Starting in the 1900s, filling material was added in various places throughout the neighborhood to extend the peninsula farther into Long Island Sound.
It was not clear whether Kim got his deposit back from the city, but the parcel returned to the hands of the department and was set to be auctioned once again May 10 — that is, if the club cannot strike a deal first.
Source: TimesLedger