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United States Bankruptcy Court SDNY

In Re: Gerald Kenneth Bornschein – Case No.: 25-35569-KYP

5-Acres – Sprawling Valley & Mountain Views

Private Elevated Setting

157 Mount Airy Road, Saugerties, Catskills, NY 12477

  • Panoramic Views of the Hudson Valley and Berkshire Mountains
  • Situated at 550′ Elevation (Click Here for Topo Map)
  • Site Structures Include:
    • 2 Bedroom & 1 Bathroom Manufactured Home (52′ x 12′) with Wood Deck (Renovations Needed to Make Livable During Potential Development)
    • 984 Sq Ft Detached 4-Car Garage (24′ x 40′) – Potential Storage for Building Material (secure)
    • Septic System
    • Electric in Place
    • 3/4 Paved Shared Private Road with Two Access Points Per Approved Subdivision Map Notes (Available in Documents Section)

Location Information:

  • 10 Miles to Woodstock
  • 20 Miles to Hunter Mountain
  • 26 Miles to New Paltz
  • 34 Miles to Windham Ski Club
  • 40 Miles to Belleayre Ski Mountain
  • 45 Miles to Albany

Additional Information:

  • County: Ulster  Section: 8.4  Block: 9  Lot: 30.222
  • Saugerties Central School District
  • Site Class: RES 1
  • Zoning Code:  02
  • Annual Real Estate School Tax: $2,220.69 (Additional Coming Soon)
  • $80,000 Opening Bid

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.


Viewing: Vacant Land.

Pre-Registration Required to Bid:  You must send in signed Online Bidding Form, and a $20,000 deposit to be approved for bidding. All items must be received by Maltz Auctions on or before Tuesday, February 3, 2026 at 4:00 PM.

Auction Date: Online-Only Bidding will open Monday February 2, 2026 at 11:00 am and is scheduled to close on Wednesday, February 4, 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.

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 the amount of $20,000 made payable to “Fred Stevens, Chapter 7 Trustee” , 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 Tuesday, February 3, 4:00 pm. Please download the complete Terms and Conditions of Sale from the Documents Section Below.

Buyer’s Premium: A Five percent (5%) 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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Documents

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Have Questions? Get In Touch

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Fred Stevens, Chapter 7 Trustee
Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

Subject to Bankruptcy Court approval, the 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, occupancies, 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 the Debtor, and subject to, among other things: (i) any state of facts that an accurate survey may show; (ii) any state of facts a physical inspection may show; (iii) any covenants, restrictions and easements of record; (iv) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (v) environmental conditions.

 

Neither the Trustee nor any of her representatives make any representations or warranties with respect to the permissible uses of the Property, including, but not limited to, the zoning of the Property. In making an offer, each offeror acknowledges that: (i) it has conducted its own due diligence with respect to the Property; (ii) it is relying solely on its own independent investigation of the Property in making an offer to the Trustee; and (iii) it is not relying on any information provided by the Trustee and her professionals.