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Unites States Bankruptcy Court Eastern District of New York

In Re: 321 Crown Holdings LLC, – Case No.: 23-42187 (NHL)

Two Family Home – Recently Renovated

AUCTION POSTPONED

 

321 Crown Street, Crown Heights, Brooklyn, NY 11225

  • Two-Family Semi-Attached Home
  • 2,304 Finished Sq Ft Plus 1,152 Unfinished Sq Ft
  • 2,746 Sq Ft Lot (21.50′ x 127.75′)
  • Private Driveway to Rear of Property (Parking)
  • Leases/Rental Income: Both Tenants are Current on Rent and Pay $2,900 & $3,000/Month.  Both Units Believed to Have Leases with Less Than One Year Remaining

First Floor/Apt. 1: 3 Bedrooms & 1 Bathroom

Second Floor/Apt. 2: 2 Bedrooms, 1 Office & 1 Bathroom

Additional Information:

  • County: Kings  Block:  1290  Lot: 59
  • Zoning: R6
  • Building Class: B9 (Two-Family Dwelling)
  • Building Footprint 18′ x 56′
  • Year Built: 1910
  • Annual Real Estate Taxes: $6,812.88
  • Description Believed to Be Accurate but Not Independently Fully Verified
  • Currently Occupied & Not Delivered Vacant
  • $950,000 Opening Bid

ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google Play

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s check only) to be approved for bidding.

Viewing: TBA.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $95,000 deposit to be approved for bidding.

Auction Date: Online-Only Bidding will open Tuesday, October 24, 2023 at 11:00 AM and is scheduled to close on Thursday, October 26, 2023 at 11:00 AM.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Terms & Conditions of Sale: The Real Property will be sold free and clear of any and all monetary liens.  In order to register to bid, all prospective bidders must Deliver a cashier’s check in the amount of $95,000 made payable to “Gregory Messer, Chapter 7 Trustee”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 before Thursday, October 26, 2023 at 10:00 am.  Please download the complete Terms & Conditions of Sale.

Buyer’s Premium: A Five percent (5%) Buyer’s Premium will be added to the Successful Purchaser’s high bid to determine the contract price to be paid by the Successful Purchaser.

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Documents

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Gregory Messer, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105