Partnership Dissolution: Immediate Sale Ordered via Public Auction

6,500+ Sq Ft Extravagant Freestanding Retail Building

$1,000,000 in Recent Renovations • Prime Location

Details:

• 2455-2457 Hylan Boulevard, Staten Island, New York 10306
• Borough: Staten Island   Block: 3648   Lot: 59
• $1,000,000± in Recent Interior/Exterior Renovations including Extensive Marble Throughout
  
• Turn-key Freestanding Building in Prime Location
• 100' Frontage on Hylan Boulevard w/ Traffic Counts of 75,000+ Cars Daily
• Across from Shop Rite and Near Major Regional/National Tenants
• Parking Behind Building for 14± Cars
• Building Size: 6,560 Sq Ft (80' x 82')
• Lot Size: 10,355 Sq Ft (100' x 105')
• Year Built: 1933
• Year Renovated: 2006
• Zoning District: C8-1
• 2nd Zoning District: R3X
• Annual Real Estate Taxes: $26,180
• Amount Invested by Previous Owner: $3,000,000+
• Previously Listed for $3,500,000
• Opening Bid: $1,150,000

Inspections/Viewings:  Mondays, June 14th & 21st; 11:00 am - 1:00 pm each day.

Auction Date & Time:  Thursday, June 24th at 1:00 pm.  Registration begins at 12:30 p.m. 

Auction Location:  Sells on location at 2455 Hylan Boulevard, Staten Island, NY 10306.

Terms & Conditions of Sale: Property will be sold Free & Clear of all Liens, Claims & Encumbrances.  In order to register to bid, all prospective bidders must present a certified check in the amount of $115,000 made payable to "David R. Maltz & Co., Inc.".  Closing must occur within 45 days after the auction. Successful Bidder shall be granted a 30-day extension to close if he/she posts an additional non-refundable 10% deposit.  Subject to sale prior to auction as pre-auction offers will be considered.  Please download the complete Terms and Conditions of Sale. 

Buyer's Premium:  A six percent (6%) Buyer's Premium will be added to the successful bidder's high bid to determine the contract price to be paid by the purchaser.

Buyer Broker Participation:  A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

 
David R. Maltz, Auctioneer DCA# 762794
 Richard B. Maltz, Auctioneer DCA# 1240836
 Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

This property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller, Auction Company or any of their Agents.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer's Broker to determine the accuracy of all measurements and specifications of the property.    Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property, including without limitation, environmental and physical condition of the property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction Sale.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.