16 NYC Taxi Medallions
UCC Foreclosure Auction
Auction
July 11, 2019 at 11:00 am
Auction Location
NY LaGuardia Airport Marriott Hotel
102-05 Ditmars Boulevard
East Elmhurst, NY 11369
July 11, 2019 at 11:00 am
NY LaGuardia Airport Marriott Hotel
102-05 Ditmars Boulevard
East Elmhurst, NY 11369
UCC Foreclosure Auction
16 NYC Taxi Medallions
Details:
Auction Date & Time: Thursday, July 11, 2019 at 11:00 am (Registration commences at 9:30 am).
Auction Location: New York LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.
Terms & Conditions of Sale: Sold free and clear of all liens pursuant to Article 9 of the Uniform Commercial Code and the Medallions, will be transferred free and clear of the obligations relating the Taxi Improvement Fund and MTA Tax on the transfer of the Medallions comprising the collateral by the TLC (collectively, the “Liens”). In order to register to bid, all prospective bidders must present a bank check in the amount of $20,000/Medallion made payable to “Aspire Federal Credit Union”. Please download the Notice of Sale and complete Terms & Conditions of Sale.
Buyer’s Premium: A Buyer’s Premium of six (6%) percent of the highest bid 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 (2%) percent commission may be paid to any properly licensed New York City Medallion Broker who registers a successful buyer in accordance with the Buyer Broker guidelines. Please download the Broker Participation form for details.
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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105