New York City Real Property; Sale Of.
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§ 4-109 City real property; sale of. City real property, including
buildings, fixtures and machinery therein, shall be sold in the manner
prescribed in subdivision b of section three hundred eighty-four of the
charter pursuant to a resolution adopted by the board of estimate, and
such sale shall be under the sole supervision of such board. In case
such buildings, fixtures and machinery be sold at public auction, the
board of estimate may provide as a condition of such sale that such
buildings, fixtures or machinery shall not in any case be relocated or
re-erected within the lines of any proposed street or other public
improvement, and if after such sale such buildings or parts of buildings
or other structures be relocated or re-erected within the lines of any
proposed street or other public improvement, title thereto shall
thereupon become vested in the city and a resale at public or private
sale may be made in the same manner as if no prior sale had been made of
the same.