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2 BR Co-Op Apartment
Bankruptcy Auction

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Auction

July 26, 2017 at 11:00 am

2017-07-26 11:00AM

Property Location

137-33 68th Drive
Unit B
Flushing, NY 11367

Auction Location

NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369

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Details

Bankruptcy Auction: United States Bankruptcy Court Eastern District of New York

In Re: Michael A. Leon and Grace A. Leon. Case # 16-75255 (LAS)

Renovated 2 Bedroom Cooperative Apartment

Ideally Located Near Main Street & Van Wyck Expy/Grand Central Parkway 

Details:

  • 137-33 68th Drive, Unit B, Flushing, NY 11367
  • Upper Level Unit Within Hyde Park Gardens
  • Ideally Located Only 4 Blocks from Main Street (Shopping/Restaurants) & Easily Accessibility to Van Wyck Expy and Grand Central Pkwy
  • 2 Bedrooms & 1 Bathroom
  • 665 Sq Ft Apartment
  • Unit Layout:
  •    Kitchen
  •    2 Bedrooms
  •    1 Bath
  •    Living Room
  •    In-Unit Washer/Dryer
  •    Recently Renovated
  • Additional Information:
  • Base Monthly Common Charges: $918.49
  • Common Charges Include (Taxes, Heat, Water/Hot Water, Electric, Sewer, Grounds Maintenance & Security)
  • Current Additional Monthly Charges:
  •    $30 for In-Unit Washer/Dryer ($15 per)
  •    $60 for Air Conditioning Units (2 Units at $30 per)
  •    $175 for Subtenant
  • Private Indoor/Outdoor Parking Spaces Available to Rent (Waitlist)
  • Storage Units Available for Rent
  • 24-Hour Security
  • Currently Occupied by Tenant with Lease Through June 1, 2018 and Base Rent of $1,885/Month
  • $245,000 Opening Bid Received

Inspection/Viewing: Thursdays, July 13th & 20th from 10:00 am – 12:00 noon.

Auction Date & Time: Wednesday, July 26, 2017 at 11:00 am.  Registration begins at 9:30 am.

Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.

Terms & Conditions of Sale: Property will be sold free & clear of all monetary liens. The trustee, through his auctioneer, has received and accepted a $245,000 offer, subject to higher bids at the auction with the next bid to be in the minimum amount of $260,000.  In order to register to bid, all prospective bidders must present a bank check in the amount of $25,000 made payable to “Kenneth P. Silverman, Esq., Chapter 7 Trustee”.  Please download the complete Terms & Conditions of Sale.

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Kenneth P. Silverman, Chapter 7 Trustee
Silverman Acampora 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

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.