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Foreclosed Property Auction

12,500+ Sq Ft Mixed-Use Building on Main Thoroughfare

Multi-Tenant Retail, Office & Warehouse Building


  • 440 West Merrick Rd (a/k/a 163 Buscher Ave), Valley Stream, NY 11580
  • 12,560 Sq Ft Building
  • 12,272 Sq Ft Lot (.28 Acres)
  • 1,960 Sq Ft First Floor Retail Space
  • 3,960 Sq Ft of Second Floor Office Space
  • 6,640 Sq Ft Warehouse Space
  • Blockthrough Property (W Merrick Rd to Buscher Ave)
  • May be Delivered Vacant of Tenancies at Successful Bidder’s Option
  • Retail Space:
  •     1,960 Sq Ft Total Space
  •     Half Bath
  •     Central Air Conditioning
  •     Individual Electric Meter
  •     Currently/Delivered Vacant of Tenancies
  • Warehouse Space (6,640 Sq Ft Divided into 2 Separate Warehouses):
  •  Front Warehouse:
  •    4,980 Sq Ft
  •    14′ – 16′ Ceiling Height (Appx)
  •    12′ Overhead Door w/Access to Driveway
  •    Ceiling Mounted Gas Heating Unit
  •    Individual Electric Meter
  •    Currently/Delivered Vacant of Tenancies
  •  Rear Warehouse:
  •    1,660 Sq Ft (Appx)
  •    Entrance on Buscher Ave
  •    14′ Ceiling Height (Appx)
  •    12′ Overhead Door (Access to Buscher Ave)
  •    Ceiling Mounted Gas Heating Unit
  •    Half Bath
  •    Individual Electric Meter
  •    Currently/Delivered Vacant of Tenancies
  • Office Space: Front Space Known as “440A W Merrick Rd”
  •   4 Individual Offices with 1 Shared Half Bath
  •     Unit 1A: Reception Area & Office (Occupied by Tenant Under Eviction)
  •     Unit 2: Reception Area, Office & Exam Room (Previously Configured for Chiropractors Office) – Currently/Delivered Vacant of Tenancies
  •     Unit 3: 3 Offices – Currently/Delivered Vacant of Tenancies
  •     Unit 4: 3 Offices, Kitchenette, Full Bathroom – Currently/Delivered Vacant of Tenancies
  •   Individual Electric Meter
  • Rear Offices Known as “163 Buscher Ave”
  •    3 Individual Offices w/ Shared Half Bath
  •      Right Unit: 3 Offices & Conference Room (Occupied by Tenant Under Eviction)
  •      Middle Unit: 3 Offices & Conference Room (Occupied by Tenant Under Eviction)
  •      Left Unit: 2 Offices (Occupied by Tenant Under Eviction)
  •   Individual Electric Meter
  • Additional Information:
  • County: Nassau   Section: 37   Block: 368   Lot: 4
  • Lot Size: 12,272 Sq Ft
  • Fuel: Gas
  • 1 Gas Meter
  • 5 Electric Meters
  • Tenants Do Not Pay Rent and are Under Eviction – Property will be delivered Vacant at Closing if Desired by Successful Bidder (Condition of Closing)
  • Favorable Seller Financing Available – See Below
  • Annual Real Estate Taxes: $77,496.73 + Village of $6,346.30
  • Nassau County Market Value as Assessed: $907,100
  • Previously Listed at $1,100,000
  • $325,000 Opening Bid

Inspections/Viewings:  Monday, October 19th from 3:00 pm – 5:00 pm.

Auction Date & Time:  Thursday, October 22nd at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  Auctioneer’s Gallery, 39 Windsor Place, Central Islip, NY 11722.  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 & 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 $32,500 made payable to “MaltzAuctions 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.

Seller Financing:  Seller shall offer a secured first mortgage to any successful bidder (subject to credit approval) on the property under the following general outline of terms: 50% Minimum Down Payment (Plus Buyer’s Premium), 8% Annual Interest Rate, Monthly Interest-Only Payments, 3-Year Term.  Sample mortgage and note documents available upon request.

Buyer’s Premium:  An eight percent (8%) 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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Maltz Logo

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 “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 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 Seller 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 Seller, 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 participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.