NEW YORK -- Crossland Federal Savings Bank launched what it called an aggressive six-week marketing program to sell shares of more than 200 occupied and 40 vacant apartments in 11 Manhattan cooperatives.
All the shares owned by Crossland, a thrift operating under government control, are from the portfolio formerly held by time Equities Inc.
The marketing program includes an absolute, no-minimum-bid auction of all vacant apartments Oct. 4.
The program will end Oct. 18 in a "three-hour quick sale" at which offers will be taken on all unsold occupied apartments.
