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Details

UCC Foreclosure Auction

1 Bedroom Co-Op

Details:

  • 242 West 72nd Street, Apt. 4R, New York, NY 10023
  • 1 Bedroom
  • 1 Bathroom
  • Monthly Maintenance: $1,197.63
  • Flip Tax: 4%
  • 725 Shares of Stock Allocated to this Unit
  • Unpaid Principal Balance: $429,589.22, Plus Interest, Late Fees, Attorney Fees, Maintenance in Arrears and all other Advanced Charges. – Total Amount Due Estimated at $457,000.

Inspections/Viewings: Access Unavailable.

Auction Date & Time: Tuesday, August 14, 2018 at 10:30 am.

Auction Location: New York Supreme County Courthouse, 60 Centre Street, New York, NY 10007.

Terms & Conditions of Sale: In order to register to bid, all prospective bidders must present a cashier’s check in an amount of ten percent (10%) of the bid price made payable to “Friedman Vartolo LLP, as Attorneys“.  Closing must occur within 30 days after the auction. Please download the Notice of Sale.

Buyer’s Premium: A ten percent (10%) 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.

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.

Friedman Vartolo LLP, Attorney for the Secured Party

Have Questions? Get In Touch

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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

*Maltz Auctions, Inc. Exclusively Acting in Capacity as Marketing Agent for Secured Party

This asset is being sold on an “AS IS, WHERE IS” basis, with possession to be obtained by the purchaser, and no warranty or representation, either expressed or implied, concerning the asset 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 components of the sale and asset.    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 asset.  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.