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Immediate Sale Directed via Public Auction

10,500 Sq Ft Office Building/Event Venue – Highly Visible Corner Location

In Heart of Proposed Redevelopment District – Ideal Bank, Class A Office or Other Prestigious Use

Details:

  • 2588-2590 Atlantic Avenue (a/k/a 62-72 Georgia Ave), East New York, Brooklyn NY 11207
  • Ideally Located in Heart of the Proposed Redevelopment District
  • Numerous Potential Uses from Bank or Professional Office to Multi-Tenant or Event/Nightclub Venue
  • 10,500 Sq Ft (Appx) on 4 Floors
  • Recently Renovated and in Pristine Condition
  • Elevator Service to all 4 Floors
  • Rooftop Area
  • 3,955 Sq Ft Lot
  • 1,000 Sq Ft Parking Lot (Appx)
  • Dramatic 2-Story Lobby
  • Handicapped Accessible
  • First Floor:
  •   2-Story Lobby
  •   3 Half Baths
  •   131 Max Persons Permitted on TCO
  • Second Floor:
  •   3 Half Baths
  •   80 Max Persons Permitted on TCO
  • Third Floor:
  •   2 Half Baths
  •   Loft
  •   Outdoor Patio Access to Rooftop Deck – 27 Max Persons Permitted Outside on TCO)
  •   22 Max Persons Permitted on TCO
  • Basement:
  •   1 Half Bath
  •   Kitchen
  • Additional Information:
  • Borough: Brooklyn   Block: 3684   Lot: 25
  • 3 Electric Meters: 1st, 2nd & 3rd Floors Individually Metered
  • 1 Gas Meter
  • 3 Rooftop Trane HVAC Units
  • Fire Alarm System
  • Transportation: A Few Blocks from LIRR & A, C, J, L & Z Trains
  • Zoning: M3-2
  • Building Class: O9 – Office Buildings
  • Annual Real Estate Taxes: $27,789
  • Previously Listed at $2,700,000
  • $1,150,000 Opening Bid

Inspections/Viewings: Mondays, June 15th & 22nd from 10:00 am – 12:00 noon.

Auction Date & Time:  Tuesday, June 23rd at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.  Online & absentee bidding available with registration at least 48 business hours prior to auction, please call for details. 

Terms & Conditions of Sale:  Property will be sold free and clear of all liens, claims & encumbrances.  In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $115,000 made payable to “Maltz Auctions, Inc.”.  Closing must occur within 45 days after the auction. Successful Bidder shall be granted a 30-day extension to close if he/she posts an additional non-refundable 10% deposit.  Subject to sale prior to auction as pre-auction offers will be considered.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium:  A seven percent (7%) 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.

Have Questions? Get In Touch

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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 Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property 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 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.