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

Jointly Administered under In re: MICHAEL P. D’ALESSIO, et al., · Case # 18-22552 (RDD)

12,000± Sq Ft Luxury Residential Building

5 Floor-Through Units – Doorman Condo Development Design


  • 227 East 67th Street, Upper East Side, Manhattan, NY 10065
  • Development Known as “The Jacqueline”
  • Magnificent Paneled Limestone Facade
  • Configured as 5 Exclusive Floor-Through Luxury Units with High-End Finishes
  • Spacious & Open Floor Plans (25′ Wide Living & Dining Area)
  • 11,926 Sq Ft (appx) Building + 2,726 Sq Ft (appx) Below Grade
  • 11,211 Sq Ft (appx) of Living Space
  • Only 5 Blocks from Central Park and Surrounded by Restaurants, Shopping & Entertainment
  • Only 3 Blocks to Lexington Ave/4/5/6 Train & 5 Blocks to Second Ave/Q Train

        Unit #1 (Tri-Plex Maisonette):

  • 3 Bedrooms (Plus Recreation Room) & 4.5 Baths
  • 3,503 Sq Ft (appx) of Living Space
  • 650 Sq Ft Private Patio
  • 40 Sq Ft Private Balcony

        Unit #2 (Third Floor):

  • 2 Bedrooms (Plus Home Office) & 2.5 Baths
  • 1,927 Sq Ft (appx) of Living Space
  • 87 Sq Ft Private Balcony

        Unit #3 (Fourth Floor):

  • 2 Bedrooms (Plus Home Office) & 2.5 Baths
  • 1,927 Sq Ft (appx) of Living Space
  • 87 Sq Ft Private Balcony

        Unit #4 (Fifth Floor):

  • 2 Bedrooms (Plus Home Office) & 2.5 Baths
  • 1,927 Sq Ft (appx) of Living Space
  • 87 Sq Ft Private Balcony

        Unit #5 (Sixth Floor Penthouse):

  • 2 Bedrooms (Plus Home Office) & 2.5 Baths
  • 1,927 Sq Ft (appx) of Living Space
  • 1,560 Sq Ft (appx) Private Roof Terrace
  • 87 Sq Ft Private Balcony

        Unit Finishes:

  • 4″ Wide White Oak Flooring, Crown Molding & Coffered Ceilings
  • Kitchens: High-End Custom Cabinetry & Stone Countertops with Sub-Zero Refrigerators, Wolf Ranges, Monogram Microwaves & Miele Dishwashers
  • Bathrooms: Radiant Heated Tile Floors, High-End Fixtures & Custom Vanities

        Additional Information:

  • Keyed Elevator Entrances to Each Unit
  • In-Unit Laundry
  • Storage Units
  • Package Room
  • Common-Area Exercise Room & Half Bath in Basement
  • 24-Hour Virtual Doorman System
  • Electric Individually Metered for Each Unit
  • Individual HVAC Systems for Each Unit
  • Situated on a 2,773 Sq Ft Lot
  • Certificate of Occupancy Issued in 2017
  • Block: 1422; Lot: 18
  • $15,000,000 Opening Bid
  • Also Selling on December 12th is a Similar Luxury Building Located at 184 East 64th Street. 

Inspection/Viewing: Tuesday, November 20th by appointment.  Monday, November 26th, Wednesday, November 28th and Monday, December 3rd from 10:30 a.m. – 1:30 p.m.

Auction Date & Time:  Wednesday, December 12th, 2018 at 11:00 a.m.  Registration begins at 10:00 a.m.

Auction Location:  227 East 67th Street, Unit 1, New York, NY 10065.

Terms & Conditions of Sale: The Real Property will be sold free & clear of all interests, including monetary liens.* In order to register to bid, all prospective bidders must present a certified or official bank check in the amount of $1,500,000 made payable to “Marianne T. O’Toole, as Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale.

Marianne T. O’Toole, Solely as Chapter 7 Trustee of 227 E 67th Street Associates, LLC

Have Questions? Get In Touch

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LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Phone (516) 349-7022 Fax (516) 349-0105
Richard B. Maltz, Licensed Real Estate Broker

* 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 whatsoever, and free and clear of any and all interests including, but not limited to, liens, claims, encumbrances, interests, judgments and/or mortgages, or adverse claims to title, of whatever kind or nature (collectively, “Interests”), with such Interests, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the entry of the Order for Relief against debtor 227 E 67th Street Associates, LLC, and subject to, among other things: (a) any and all leases, tenancies or occupancy rights; (b) any state of facts that an accurate survey may show; (c) any state of facts a physical inspection may show; (d) any covenants, restrictions and easements of record; (e) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (f) environmental conditions. By delivering their respective deposits, all prospective 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 attorneys for the Trustee nor any of their collective representatives make 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 prospective 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 attorneys for the Trustee or any of their collective representatives. 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 all prospective bidders to determine the accuracy of all components of the sale and Real Property.  All prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries, and due diligence concerning the Real Property, including without limitation, the environmental and physical condition of the Real 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.