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

In Re: 41-23 Haight Street Realty, Inc., – Case No. 19-43441 (NHL)

10 Mixed-Use Buildings – New Construction

1 Commercial & 4 Residential Units (Per Building)

Sold in Bulk Only

Temporary C of O’s Obtained for 9 of 10 Buildings

Details:

  • 41-09, 41-11, 41-13, 41-15, 41-17, 41-19, 41-21, 41-23, 41-25 & 41-27 Haight Street, Flushing, NY 11355
  • 10 Mixed-Use Buildings
  • Each 5-Story Building is Virtually Identical and Comprised of 1 Commercial Unit and 4 Residential Units
  • 2 Minute Walk to Downtown Flushing
  • 5 Minute Walk to Train & Subway Stations (Flushing Main Street)
  • On-Site Parking Lot Behind Buildings
  • Building Overview (Identical Layouts for Each):
  • Total Sq Ft: 4,882

 

1 Commercial Unit (1,714 Sq Ft):

  • 1,714 Sq Ft (Including Lower Level)
  • Open Floor Plan with Half Bath
  • New Construction – White Box Finish

4 Residential Units (3,168 Sq Ft):

  • New Construction – 95% Complete
  • 2nd Floor Unit:
    • 3 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Dining Area
    • Living Room
    • Handicapped Accessible
  • 3rd Floor Unit:
    • 3 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Dining Area
    • Living Room
    • Balconies off Front and Rear
  • 4th Floor Unit:
    • 1 Bedroom
    • 1 Full Bath
    • Eat-In Kitchen
    • Living Room
    • Balcony off Front
  • 4th & 5th Floor Unit:
    • Duplex Unit (Spiral Staircase within Unit)
    • 3 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Living Room
    • Dining Room
    • Balcony off Rear
    • Rooftop Terrace Facing Haight Street

Additional Information:

  • Known as Block: 5063, Lots: 55, 53, 52, 51, 50, 49, 48, 47, 46 & 45
  • Annual Real Estate Taxes for 41-09 through 41-25: $59,194.44 (Each Building) – (Reflects Current Amount – Actively Working to Qualify for Tax Abatement)
  • Annual Real Estate Taxes for 41-27: $47,993.48 (Reflects Current Amount – Actively Working to Qualify for Tax Abatement)
  • Commercial Spaces are Ready for Build-Out
  • Each Building Is Handicapped Accessible on the 2nd Floor via Ground Level Elevator Located in Back of the Building
  • Fully Sprinklered Buildings
  • Currently Vacant and will be Delivered Vacant at Closing

Adjacent Building at 41-31 Haight Street Also Available:  26,000+ Sq Ft Mixed-Use Building

Terms & Conditions of Sale: Property will be 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 $1,500,000, made payable to “Gregory Messer, Chapter 11 Trustee”. Please download the complete Terms & Conditions of Sale.

Buyer’s Premium: A four (4%) 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.

Due Diligence Documents

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Have Questions? Get In Touch

Gregory M. Messer, Chapter 11 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 11 Trustee
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 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 Trustee, the Attorney for the Trustee nor any of their collective representatives makes any representations or warranties 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 Trustee, the Attorney for the Trustee, 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.