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Details

Bankruptcy Auction – United States Bankruptcy Court Southern District of New York

In Re: Altagracia Vargas – Case # 13-13850-CGM

Two Family Home

Prime Investment Opportunity

Details:

  • 457 Castle Hill Avenue, Bronx, NY 10473
  • Block: 3510   Lot: 39
  • 3-Story Walk-up Building
  • Currently Structured as 2 Living Units
  • 2,650 Sq Ft Living Area
  • R5 Zoning
  • Lot Size: 2,167 Sq Ft (20′ x 108.33′)
  • Year Built: 1970 (estimated)
  • 1st & 2nd Floor Apt: Occupied by Tenant at $1,244.90/Month
    (NYC Housing Authority Pays $1,037.90)
  •    1st Floor:
  •         Half Bath
  •         Dining Room
  •         Living Room
  •         Kitchen
  •         Office
  •         Backyard Access
  •    2nd Floor:
  •         Full Bath
  •         Living Room
  •         4 Bedrooms (1 w/ Balcony Access)
  • 3rd Floor Apt: Occupied by Tenant at $1,200/Month
  •         Full Bath
  •         Dining Room
  •         Living Room
  •         Kitchen
  •         3 Bedrooms
  • Estimated Market Value as Assessed: $473,000
  • Annual Real Estate Taxes: $5,224
  • $490,000 Minimum Bid

Inspection/Viewing: Monday, February 2nd & Friday, February 6th from 12:00 noon – 2:00 pm each day.

Auction Date & Time:  Thursday, February 12th at 11:00 am.  Registration begins at 10:00 am.

Auction Location: New York LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.  (Online/Absentee Bidding Available Upon Request with Registration at least 48 Hours Prior to Auction.)

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 bank check in the amount of $30,000 made payable to “Salvatore LaMonica, Esq., as Chapter 7 Trustee”.  The Trustee, through his Auctioneer, has received and accepted a $470,000 bid, with the next acceptable bid to be in the minimum amount of $490,000.  Please download the complete Terms & Conditions of Sale/Bidding Procedures.

Have Questions? Get In Touch

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Maltz Logo

Salvatore LaMonica, Esq., Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
David R. Maltz, Auctioneer DCA# 762794
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

The Trustee, Attorneys for the Trustee and the Auctioneer do not guarantee the accuracy of any of the descriptions or any other information pertaining to the sale of this property. All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.