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1.4+ Acre Waterfront Lot
Bankruptcy Auction

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September 13, 2018 at 11:00 am

2018-09-13 11:00AM

Property Location

97 Rosewood Lane
Water Mill, NY 11976

Auction Location

NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369

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

In Re: Ken Nahoum – Case # 16-12662 (MG)

1.4+ Acre Waterfront Home – Knockdown Opportunity

Frontage on Hayground Cove/Mecox Bay


  • 97 Rosewood Lane, Water Mill, Southampton, NY 11976
  • Spectacular Property with Incredible Potential
  • Home Requires Extensive Renovations (6 BR & 4 BA on Two Levels)
  • 1.407 Acre Lot
  • In-Ground Freeform Gunite Pool and Spa
  • Dock on Hayground Cove
  • Well Water (City Water Recently Installed on Block & Available at Street)
  • Additional Information:  
  • Section: 102;  Block: 2;  Lot: 20
  • Public Electric & Water
  • Southampton School District
  • Zoned R60
  • 1.8 Miles to Bridgehampton Commons
  • 2.7 Miles to Bridgehampton LIRR Station
  • Annual Real Estate Taxes (2017): $21,639.02
  • Recently Appraised at $6,600,000
  • $4,600,000 Minimum Bid

Inspection/Viewing: Available Upon Request.

Auction Date & Time:  Thursday, September 13, 2018 at 11:00 am.  Registration begins at 9:30 am.

Auction Location:  (NEW VENUE) NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.  Online & absentee bidding available with registration at least 5 business days prior to the auction, please call for details.

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 $460,000 made payable to “Shafferman & Feldman, LLP Attorney Escrow IOLA Account”.  Please download the complete Bidding Procedures.

Shafferman & Feldman, LLP, Attorneys for the Chapter 11 Debtor and Debtor in Possession

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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

The Real Property is being sold “AS IS” “WHERE IS”“WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing, and the sale of the Real Property is subject to, among other things (a) any state of facts that an accurate survey may show; (b) any covenants, restrictions and easements of record; (c) any state of facts a physical inspection may show; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Real Property, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Real Property in making their bids. Neither Maltz, the Seller nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses of the Real Property including, but not limited to, the zoning of the Real Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Real Property and are not relying on any information provided by Maltz, the Seller, or their professionals.  The Real Property will be sold subject to any and all violations or conditions requiring corrective action.  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 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.