2 Acre Residential Lot
Public Administrator Auction
April 14, 2016 at 11:00 am
18 Horse Hollow Road
Lattingtown, NY 11560
NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369
Nassau County Public Administrator Directs Immediate Sale via Public Auction
In Re: The Estate of Alan Morreale
2 Sprawling Acres
Prestigious Village of Lattingtown
- 18 Horse Hollow Road, Lattingtown, NY 11560
- Ideally Located in Heart of Lattingtown/Locust Valley
- Near Downtown Retail, Golf, Beaches, Parks & More
- 2-Acres – Flat/Rolling & Highly Usable
- Detached & Oversized 3-Car Garage
- Previously Improved with a 2,300 Sq Ft Home that has Suffered Extensive Fire Damage
- Additional Information:
- County: Nassau Section: 30 Block: F Lot: 362
- School District #4 – Locust Valley
- Fuel: Gas
- 200 Amp Electrical Service
- Annual Real Estate Taxes (2015): $19,888.12 (With STAR Exemption) + Village Taxes of $828.71
- $499,000 Minimum Bid
Inspections/Viewings: Sold as Vacant Land – Interior Access Unavailable.
Auction Date & Time: Thursday, April 14th at 11:00 am. Registration begins at 10:00 am.
Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369. Online & absentee bidding available with registration at least 5 business days prior to auction, please call for details.
Terms & Conditions of Sale: Property will be sold free & clear of all monetary liens. In order to register to bid, all prospective bidders must present a certified check in the amount of $50,000 made payable to “Mahon, Mahon, Kerins & O’Brien, as Attorneys”. Closing must occur within 30 days after the auction. Successful Bidder shall be granted a single 30-day extension to close if he/she posts an additional non-refundable 10% deposit. Please download the complete Terms and Conditions of Sale.
Buyer’s Premium: A three percent (3%) 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.
Financing: Maltz Auctions is pleased to announce a strategic alliance with Continental Home Loans Inc. This will allow you to be pre-approved at no cost or obligation. Continental Home Loans Inc. offers various loans products with competitive financing to fit all buyers. Contact Brett Van Nostrand at (800) 540-8838.
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Jeffrey E. DeLuca, Nassau County Public Administrator
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.