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UNITED STATES BANKRUPTCY COURT EDNY

In Re: New Island Development, LLC a/k/a Thomas Debonis, – Case No.: 22-71630-las

2,800+ SQ FT Recently Built Home

1854 Stone Avenue, East Meadow, NY 11554

  • Like-New luxury Home
  • 2,812 Sq Ft + Finished Basement
  • 6,000 Sq Ft Lot
  • 5 Bedrooms & 4 full Bathrooms

First Floor (Open Floor Plan):

  • Office/Bedroom
  • Full Bathroom
  • Eat-in-Kitchen with Oversized Island
  • Living Room/Dining Room Combo
  • Den

Second Floor:

  • Primary Bedroom with Full Bathroom
  • Secondary Bedroom with Full Bathroom
  • 2 Additional Bedrooms
  • 1 Additional Full Bathroom

Basement:

  • 3/4 Basement, Fully Finished
  • Living Space
  • Storage
  • Utility/Laundry Room

Additional Information:

  • Section: 50  Block: 183  Lot: 19 (Grouping 19-21)
  • Fuel: Gas
  • Central Air Conditioning (2 – zone)
  • Navien Tankless Heat and Hot Water Unit
  • Year Built: 2019
  • Annual Real Estate Tax: $10,115.13 (Including Home Improvements Tax Credit)
  • $740,000 Opening Bid

 

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.

Viewing: TBA.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $74,000 deposit to be approved for bidding.  All items must be received by Maltz Auctions on or before December 11, 2024 at 4:00 PM.

Auction Date: Online-Only Bidding will open Tuesday, December 10th at 11:00 aM and is scheduled to close on Thursday, December 12, 2024 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: 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 $74,000 made payable to “Marc  A. Pergament, 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 December 11, 2024 at 4:00 pm.

Buyer’s Premium: A Five (5%) 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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Documents

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Marc A. Pergament, Chapter 7 Trustee
Weinberg, Gross & Pergament 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

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.