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8,600+ Sq Ft Estate
Bankruptcy Auction

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Online Bidding

Starts:
December 8, 2026 at 11:00 am

Ends:
December 10, 2026 at 11:00 am

Registration Deadline

December 9, 2026 at 4:00 pm

Property Location

109 Jerome Avenue
Deal, NJ 07723

Bid

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Details

United States Bankruptcy Court SDNY
In Re: 109 JEROME AVE LLC, – Case No.: 26-11975-MEW

8,600+ Sq Ft Prestigious Luxury Estate on 1+ Acre

2.5 Blocks to Beach

109 Jerome Avenue, Deal, NJ 07723

  • Three Story Colonial Estate on 1.03 Acres
  • 2.5 Blocks to the Beach
  • 8,666 Sq Ft Home Plus 2,994 Sq Ft Partially Finished Basement (1,497 Sq Ft Finished)
  • 6 Bedrooms & 6.5 Baths
  • Attached 2-Car Garage
  • Long U-Shaped Private Driveway on Pleasant Place
  • First Floor: 3,254 Sq Ft
  • Second Floor: 5,412 Sq Ft
  • Basement: 2,994 Sq Ft (1,497 Sq Ft Finished)

Property Amenities:

  • In-Ground Gunite Pool
  • Sports Court (7,200 Sq Ft)
  • Sauna
  • Hot Tub
  • Outdoor Porch and Paver Covered Patio Area (2,677 Sq Ft)

Location Information:

  • Local to Multiple Houses of Worship
  • 1 Block to Retail/Dining Strip
  • 2.5 Blocks to Beach
  • 3 Blocks to Elberon Private Bathing Club
  • 3 Blocks to Elberon NJ Transit Train Station
  • 6.5 Blocks to Deal Casino Beach Club

Additional Information:

  • County: Monmouth, Block: 4, Lot: 4.01
  • Deal Boro School District
  • R-1 Zoning
  • Sewer Connection
  • Fuel: Oil
  • Heat: Multi-Zone Forced Hot Air
  • Multi-Zone Central Air Conditioning
  • Current Annual Real Estate Tax: $54,245.57
  • 2026 Tax Assessment: $13,039,800
  • $10,000,000 Opening Bid
  • Property Occupied & Delivered Vacant at Closing
  • Property Access Unavailable – Information from Third-Party Sources and May Noy be Accurate
  • Sale Subject to Bankruptcy Court Approval

ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices)

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s check only) to be approved for bidding.


Pre-Registration Required to Bid:  You must send in signed Terms and Conditions of Sale, signed Online Bidding Form, and a $1,000,000 deposit to be approved for bidding.  Everything must be received by Maltz Auctions on or before Wednesday, December 9, 2026 at 4:00 PM.

Auction Date: Online-Only Bidding will open Tuesday, December 8, 2026 at 11:00 AM and is scheduled to close on Thursday, December 10, 2026 at 11:00 AM.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one-minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Viewing:  Access Unavailable.

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 deliver a cashier’s check in the amount of $1,000,000 made payable to “The Kantrow Law Group, PLLC as Attorneys”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 by 4:00 PM on Wednesday, December 9, 2026. Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A Four percent (4%) 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.

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The Kantrow Law Group PLLC, as attorneys for the Chapter 11 Debtor and Debtor in Possession
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 Potential Buyer 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 offers. Neither Maltz, the Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession 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 Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession, 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 submitting an offer.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.