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Details

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

In Re: IBG Enterprises – Case # 14-74862-REG

10,800 Sq Ft Mixed-Use Building

Ideally Located in Heart of Downtown & Adjacent to Huge Municipal Parking Lot

Details:

  • 43 Main Street, Hempstead, NY 11550
  • 10,800 Sq Ft Mixed-Use Commercial Building in Prime Downtown Location
  • 4 Retail & 2 Office Units + Full & Finished Basement
  • Adjoins Tremendous Municipal Parking Lot
  • $126,000 Current Gross Income (2 Vacancies)
  •  
  • First Floor: 4 Individual Units:
  • Unit #1: Northeast
  •   Hair Salon
  •   Half Bath
  •   Independent Electric Meter
  • Unit #2: Southeast
  •   Furniture Store
  •   Half Bath
  •   Independent Electric Meter
  • Unit #3: Southwest
  •   Small Business Mall
  •   8 Individual Spaces
  •   Half Bath
  •   Independent Electric Meter
  • Unit #4 Northwest
  •   Nail Salon
  •   Half Bath
  •   Independent Electric Meter
  • Second Floor: 2 Individual Units:
  • Office Space #1: Northeast
  •   Receptionist Area
  •   4 Offices
  •   Half Bathroom
  • Office Space #2: Southeast
  •   Receptionist Area
  •   3 Offices
  •   Utility Room
  •   Half Bathroom
  • Basement:
  •   Private Access to Main Street & Rear Parking Lot
  •   Auditorium
  •   (2) Half Baths
  •   Kitchenette
  •   Small Store
  •   Storage
  • Additional Information:
  • Adjoins Tremendous Municipal Lot
  • Lot Size: .1561 acres (40′ x 170′)
  • Rooftop HVAC Units
  • Individual Climate Control
  • Single Gas Meter for Building (Tenants Pay Proportionate Share)
  • 5 Electric Meters (Each Unit on 1st Floor has own Meter, Basement & Offices Share)
  • Fuel: Gas
  • 2014 School and General Real Estate Taxes: $42,731.52
  • 2014 Village Real Estate Tax: $20,017.94
  • Total Annual Real Estate Taxes: $62,749.46

Inspection/Viewing: Tuesday, February 3rd & Monday, February 9th from 12:00 noon – 2:00 pm.

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 $50,000 made payable to “Kenneth P. Silverman, Esq., as Chapter 7 Trustee”.  Please download the Terms & Conditions of Sale.

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Kenneth P. Silverman, Esq., Chapter 7 Trustee
SilvermanAcampora 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

This 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 Trustee, Attorneys for the Trustee, 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.