Several cooperative apartments in New York City and nearby boroughs are scheduled for public foreclosure auctions this summer following defaults on proprietary leases and occupancy agreements. The sales, involving multiple properties and shareholders, reflect the growing enforcement actions by secured parties and cooperative corporations seeking to recover unpaid debts and charges.

On July 14, 2026, a public auction will be held for a cooperative unit located at 63-84 Saunders Street in Rego Park, Queens. The sale involves 395 shares of capital stock of the 6384 Saunders Owners Corp., along with the associated occupancy agreement and all fixtures tied to Unit 1R. The auction will take place at 11 a.m. on the front steps of the Queens County Supreme Court at 88-11 Sutphin Boulevard in Jamaica. The sale arises from a default under an occupancy agreement originally executed in 2007 by Benjamin Kim and NewRez LLC, the secured party. The indebtedness totals $771,057.42 plus accrued interest, late fees, attorney fees, maintenance arrears, and other charges. The shares and proprietary lease will be sold “as is,” subject to cooperative approval and the corporation’s governing rules.

Another foreclosure auction is slated for June 30, 2026, at 10 a.m. at the New York Supreme Court building at 60 Centre Street in Manhattan. Osborne Tenants Corp., the cooperative owner of Apartment 6AA at 205 West 57th Street, will conduct the sale due to a default by shareholder Jill Revson. The cooperative holds the first lien and will auction 236 shares of capital stock linked to the apartment along with the proprietary lease rights. The total amount owed, including past due maintenance, assessments, late fees, legal costs, and administrative expenses, is approximately $83,381. The cooperative reserves the right to reject bids that do not cover these amounts, and the sale will occur under COVID-19 health protocols requiring masks and social distancing.

In Queens, at 137-77 45th Avenue, a non-judicial foreclosure auction for Apartment 1-J in the 137 45th Ave. Tenants Corp. is scheduled for June 30, 2026, at 1:30 p.m. at the Queens Supreme Court building’s portico at 88-11 Sutphin Boulevard. The cooperative is selling 410 shares of capital stock and the proprietary lease held by shareholder Rupert Morrison, who defaulted on his obligations with an outstanding balance of $11,421.19 as of May 14, 2026. The sale is subject to all associated fees, corporate consents, and conditions, with payment terms requiring a 10% deposit and the balance due within 30 days.

Additionally, a foreclosure auction for Apartment 5B at 84-31 Van Wyck Expressway in Briarwood, Jamaica, is scheduled for July 14, 2026, at 10:30 a.m. at the Queens County Supreme Court. Citi Mortgage, Inc. will sell 399 shares of the Sagamore Owners, Inc. along with the proprietary lease due to a default by joint tenants Ceaser Furtado and the late Soucorina Rodrigues. The principal amount owed is $19,021.62 as of September 1, 2025, plus interest and common charges. The sale will proceed under public health rules requiring masks and social distancing, and bids must be accompanied by a 10% deposit made payable to the designated attorneys.

All auctions will be conducted by licensed auctioneers from Mannion Auctions, LLC or Davidson Fink LLP, and sales are contingent on cooperation with respective cooperative corporations’ governance and approval rules. Purchasers should be aware that all properties will be sold “as is,” and cooperation with COVID-19 safety measures is mandatory for bidders.