by David Flint
The bank building in Berlin has been sold at auction for a second time. This time the price was down to a paltry $55,000.
[private]According to Bob Dann, Head of Operations at Max Spann Real Estate & Auction Company, the winning bidder at $73,500 in the first auction on May 22 apparently “got cold feet” and backed out of the deal before the closing, leaving behind his deposit.
A second auction was held on August 2. Dann said there were only six bidders, three at the auction site in Schenectady and three online. The highest bid was $55,000. Dann could not divulge at this time who the winning bidder is. A closing will be held within 45 days of the auction date.
Town Supervisor Rob Jaeger said he did not know who the buyer might be. Noting that the Berkshire Bank is taking over nine Bank of America branches in the Albany area, including the one in New Lebanon, Jaeger said he hopes the Berkshire Bank is the as yet unknown buyer of the Berlin bank property.
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