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5-Unit Building
Bankruptcy Auction

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Online Bidding

Starts:
September 17, 2024 at 11:00 am

Ends:
September 19, 2024 at 11:00 am

Viewings

September 9, 2024
from 9:30 am to 11:30 am

September 16, 2024
from 9:30 am to 11:30 am

2024-09-19 11:00AM

Property Location

135 Bayard Street
Brooklyn, NY 11222

Bidding Info
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Details

United States Bankruptcy Court Eastern District of New York

In Re: Freeman Villa LLC, – Case No.: 23-74049-reg

6,700+ Sq Ft Building

Five Luxurious Living Units

135 Bayard Street, Greenpoint, Brooklyn, NY 11222

  • 5-Story Elevator Building
  • 5 Residential Units
  • 1 Block to McCarran Park
  • Central Air
  • Forced Hot Air Heat
  • Classified by NYC as a 4-Family Building

Building Layout:

Apartment 1: (Part of Cellar Level and 1st Floor)

  • 1,083 Sq Ft Duplex Unit
  • 2 Bedrooms & 2.5 Baths
  • Kitchen
  • Living Room
  • Outdoor Patio Area

Apartment 2: (Half of 2nd Floor)

  • 637 Sq Ft Unit
  • 1 Bedroom & 1 Bathroom
  • Kitchen
  • Living Room
  • Balcony

Apartment 3: (Half of 2nd Floor)

  • 656 Sq Ft Unit
  • 1 Bedroom & 1 Bathroom
  • Kitchen
  • Living Room
  • Balcony

Apartment 4: (Entire 3rd Floor)

  • 1,351 Sq Ft Unit
  • 3 Bedrooms & 3 Bathrooms
  • Kitchen
  • Living Room
  • Front & Rear-facing balconies

Apartment 5 – Penthouse: (Entire 4th & 5th Floors)

  • 1,637 Sq Ft Duplex Unit
  • 2 Bedrooms & 2 Bathrooms
  • Kitchen
  • Living Room
  • Rooftop Terrace off the front of 4th Floor (over front of 3rd Floor)

Cellar Level:

  • Part of Unit 1
  • Storage Units (1 Per Unit)
  • Utilities
  • Sprinkler Room

Additional Information:

  • Borough: Brooklyn  Block: 2719  Lot: 35
  • Year Built: 2014
  • Primary Zoning: M12/R6A
  • .33 Miles to MTA Subway Nassau Ave Station (G Train)
  • .38 Miles to MTA Subway Graham Ave Station ( L Train)
  • 4-Blocks to B.Q.E Entrance Ramp
  • 2-Blocks to McCarren Park
  • Annual Real Estate Tax: $20,839.08

ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices)

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.

 

Viewings: Mondays, September 9th and 16th from 9:30 am – 11:30 am.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $300,000 deposit to be approved for bidding.  All items must be received by Maltz Auctions on or Before Wednesday, September 18th at 4:00 pm.

Auction Date: Online-Only Bidding will open Tuesday September 17th at 11:00 am and is scheduled to close on Thursday, September 19th at 11:00am.  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: Sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $300,000 made payable to “Allan B. Mendelsohn, Esq., 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 Wednesday, September 18th at 4:00 pm.

Buyer’s Premium: A two (2%) percent Buyer’s Premium will be added to the Successful Bidder’s high bid to determine the contract price to be paid by the successful bidder.

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Allan B. Mendelsohn, Chapter 7 Trustee
The Kantrow Law Group, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
David A. Constantino, Auctioneer
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 Trustee, Attorney for the Trustee, 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 components of the sale and 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.

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