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16 Sponsor Co-Ops
UCC Foreclosure Auction

exterior of building up for sale at maltz auctions
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Auction

February 12, 2015 at 2:00 pm

Property Location

180 Van Cortlandt Park South
Bronx, NY 10463

Bidding Info

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  • exterior of building up for sale at maltz auctions

Details

16 Sponsor Co-Op Units in Elevator Building Across from Park

Prime Location – Directly Across from Van Cortlandt Park & Only 1 Block from Subway

Available in Bulk, Groups or Individually

Details:

  • 180 Van Cortlandt Park South, Bronx, NY 10463
  • Units: 1B, 1C, 1F, 1G, 2C, 2E, 2J, 3C, 3L, 4J, 5D, 5J, 6B, 6D, 6E & 6F
  • Building Known as “The Van Cort”
  • 3 Decontrolled & 13 Rent Stabilized Units
  • Ideally Located Only 1 Block from #1 Subway Train and Directly Across from Van Cortlandt Park
  • Steps from Broadway Restaurants & Shopping
  • Located on Border of Riverdale, in Desirable Kingsbridge Neighborhood
  • Well Maintained Building
  • Borough: Bronx   Block: 3271   Lot: 210
  • Suggested Opening Individual Bids: $35,000
  • Suggested Opening Bulk Bid: $800,000
  • Please Complete Confidentiality Agreement for Access to Additional Detailed Information

Inspections/Viewings:  Access Unavailable.

Auction Date & Time:  Thursday, February 12th at 2:00 pm.  Registration begins at 1:00 pm.

Auction Location:  New York LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.  Remote Bidding Not Available for this Auction.

Terms & Conditions of Sale:  In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $20,000 for each individual unit or $200,000 for all units in bulk.  Checks must be made payable to “Norris, McLaughlin & Marcus, PA, as Attorneys“.  Closing must occur within 30 days after the auction. Please download the complete Terms and Conditions of Sale.

Buyer’s Premium:  A ten percent (10%) 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.

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Norris McLaughlin & Marcus, P.A., Attorneys for the Secured Party
David R. Maltz, Auctioneer DCA# 762794
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105

*Maltz Auctions, Inc. Exclusively Acting in Capacity as Marketing Agent for Secured Party

This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Seller, Auction Company or any of their Agents.  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 and/or Buyer’s Broker 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.