19,500 SQ FT RESIDENTIAL LOT
Bankruptcy Auction
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19,500 SQ FT RESIDENTIAL LOT
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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: UMA & EMMA, INC. – Case # 20-70756-LAS
19,500 Sq Ft Vacant Residential Lot
Potential Subdivision
ONLINE-ONLY BIDDING – CLICK HERE FOR ONLINE BIDDING
Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google Play
Pre-Registration Required to Bid. You Must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a deposit to be approved for bidding. Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction).
Resale Due to Default by Successful Bidder
Details:
- 350 Pennsylvania Avenue, Village of Freeport, NY 11520
- Section: 55 Block: 101 Lot: 71
- 19,500 Sq Ft Vacant Lot (125′ x 155′ – .4477 Acres)
- Property Class 311.11 (Residential Vacant Land)
- Baldwin School District
- Located on the Corner of Pennsylvania Avenue and Evans Avenue with 280′ of Road Frontage
- Annual Real Estate Taxes: $9,664.46 (School & Town); $8,793.38 (Village)
- $250,000 Opening Bid
Pre-Registration Required to Bid: You Must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a $40,000 deposit to be approved for bidding. Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction).
Inspections/Viewings: Vacant Land – Inspect Freely.
Auction Date: Online Bidding will open Monday, August 31, 2020 at 11:00 am and is scheduled to close on Wednesday, September 2, 2020 at 11:00 am. Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on Apple Store or Google Play
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 deliver a cashier’s check in the amount of $40,000 made payable to “Allan B. Mendelsohn, Chapter 7 Trustee”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 24 hours prior to the scheduled close of bidding. Please download the complete Terms and Conditions of Sale.
Have Questions? Get In Touch
Allan B. Mendelsohn, Chapter 7 Trustee
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
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 Trustee, Attorney for the Trustee, 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.