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125+ Acres – Private Lake
Bankruptcy Auction

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Auction

February 3, 2016 at 11:00 am

Property Location

91 Milltown Road
East Fishkill, NY 12531

Auction Location

NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Fishkill, NY 12531

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Details

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

In Re: Milltown Road Acquisitions, LLC – Case # 12-23003-RDD

125+ Acres with Private Lake

Details:

  • 125+ Acres of Vacant Land within Dutchess & Putnam Counties, NY
  • Magnificent Private Lake
  • 91 Milltown Road, East Fishkill, Dutchess County, NY 12531:
  •    119.38 Acres of Vacant Residential Land
  •    Private Lake Know as “Lake Ballard” Within Property
  •    Market Value as Assessed: $1,134,000
  •    Annual Real Estate Taxes: $41,180.20
  •    Tax Map# 6755-03-278242-0000
  • Ressique Street, Kent, Putnam County, NY:
  •    5.84 Acres of Vacant Residential Land
  •    Market Value as Assessed: $157,300
  •    Annual Real Estate Taxes: $10,719.61
  •    Tax Map ID: 1.-1-6

Auction Date & Time:  Wednesday, February 3rd 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 5 business days prior to auction, please call for details.

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 an amount of $35,000 made payable to “Marianne T. O’Toole, as Chapter 7 Trustee”.  Closing must occur within 30 days after the auction.  Please download the complete Terms & Conditions of Sale.

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Marianne T. O’Toole, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
David R. Maltz, Auctioneer DCA# 762794
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: (i) “AS IS” “WHERE IS”, “WITH ALL FAULTS,” without any representations, covenants, guarantees or warranties of any kind or nature whatsoever; (ii) free and clear of any and all interests including, but not limited to, monetary liens, claims and encumbrances (collectively, “Monetary Interests”), with all such Monetary Interests to attach to the proceeds from the sale of the Real Property with the same validity, force and effect, and in the same amount and priority as such Monetary Interests existed as of the date of the Order for relief, subject to any claims and defenses the Trustee may possess with respect thereto; and (iii) 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.