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Bankruptcy Auction

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July 30, 2020 at 11:00 am


July 15, 2020
9:00 am to 2:00 pm

July 27, 2020
9:00 am to 2:00 pm

2020-07-30 11:00AM

Property Location

25 Neptune Boulevard
Unit 6T
Long Beach, NY 11561

Auction Location

39 Windsor Place
Central Islip, NY 11722

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

In Re: Ivan Mikolaenko  Case # 20-40327-nhl

2 BR Ocean View Co-Op 

Magnificent Boardwalk Location


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 Bid Procedures, 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).


  • 25 Neptune Boulevard, Unit 6T, Long Beach, Nassau County, NY 11561
  • Located within Neptune Towers Oceanfront Community
  • Large Terrace with Beach & Ocean Views
  • 1,200 Sq Ft (Appx)
  • 2 Bedrooms (Master with En-suite Bath)
  • 2 Bathrooms
  • Updated Kitchen
  •     Stainless Steel Appliances
  •     Granite Countertops
  •     New Cabinets
  • Building Entrance Located Directly Next to Boardwalk/Beach Access
  • 1 Mile to LIRR Long Beach Station (50 Minutes to Penn Station)
  • 1 Mile to Lido Beach Public Golf Course
  • 12 Miles to JFK Airport
  • Building Amenities/Features:
  • Digital Doorman
  • Pavilion Area with Large In-Ground Swimming Pool, Gazebos, Lounge Chairs and BBQs
  • Sky Club Community Room (Top Floor with Ocean & Beach Views)
  • Garage ($90/Month)
  • Storage Room (Included & Available)
  • Bike Room
  • Fitness Center
  • Laundry on Each Floor
  • Additional Information:
  • Monthly Maintenance Fees: $1,427.61 (Not Including Monthly  $58.75 STAR Deduction)
  • Percent Tax Deductible: Coming Soon
  • Currently Vacant

Viewings: Wednesday, July 15th & Monday, July 27th from 9:00 am – 2:00 pm BY APPOINTMENT – Click here to Schedule an Appointment.

Auction Date & Time: Thursday, July 30, 2020 at 11:00 am.  Registration begins at 9:30 am.

Auction Location: Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.  Online bidding available with registration at least 48 business hours prior to the auction.

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 present a cashier’s check in the amount of $35,000 made payable to “Robert J. Musso , as Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium:  A five (5%) percent 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.

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Robert J. Musso, Chapter 7 Trustee
Rosenberg Musso & Weiner LLP, Attorneys for the 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

The Asset 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 Asset 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 Asset, 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 Asset in making their bids. Neither Maltz, the Trustee 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 Asset.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Asset and are not relying on any information provided by Maltz, the Trustee, or their professionals.  The Asset 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 Asset.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Asset, including without limitation, environmental and physical condition of the Asset.  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.