21,000 Sq Ft Produce Ripening Facility
Bankruptcy Auction
Auction
December 18, 2014 at 11:00 am
Property Location
28 Williams Street
Lynbrook, NY 11563
Photo Gallery
Details
Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: LONG ISLAND BANANA CORP. – Case # 14-71443 (REG)
21,000 Sq Ft Produce Ripening Facility – Turn-Key Opportunity
Long-Term/Under-Market Leasehold Interest
Details:
- 28 Williams Street, Lynbrook, NY 11563
- Incredibly Rare Opportunity to Acquire a Fully Equipped, Centrally Located Produce Ripening Facility in Close Proximity to Five Boroughs
- Selling the Leasehold Interest with the Expansive Build-out of 14 Ripening Rooms
- PrimusLabs Certified Facility – Rating of 97% on November 19, 2013
- 5 Loading Docks
- 4 Drivein Doors
- Base Rent as of January 1, 2015 is $18,000/Month (Inclusive of Taxes)
- Lease Term is Through December 31, 2017
- (3) 5-Year Options (Taxes are Tenant Responsibility in Option Period)
- Successful Bidder Required to Post $75,000 Security Deposit (In Lieu of Personal Guarantee), Part of Which will be Returned During First Two Years of Lease, with Approximately Two Months Rent Remaining as Security After Approximately Two Years
- Lease & Amendment to Lease Available for Download Under Documents Tab
Inspection/Viewing: Available by Appointment & Upon Request.
Auction Date & Time: Thursday, December 18th at 11:00 am. Pre-Registration required by December 16, 2014 at 3:00 pm.
Auction Location: The offices of Westerman Ball Ederer Miller Zucker & Sharfstein, LLP, 1201 RXR Plaza, Uniondale, NY 11556.
Terms & Conditions of Sale: 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 $25,000 made payable to “Westerman Ball Ederer Miller Zucker & Sharfstein, LLP, as escrow agent”. Please download the complete Terms and Conditions of Sale (available shortly).
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