2 BR Sponsor Co-Op
UCC Foreclosure Auction

Auction
February 3, 2016 at 11:00 am
Property Location
180 Van Cortlandt Park South
Unit 2E
Bronx, NY 10463
Auction Location
NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369
Photo Gallery
Details
UCC Foreclosure Auction
2 BR Sponsor Co-Op in Elevator Building
Across from Park – 1 Block from Subway
Details:
- 180 Van Cortlandt Park South, Unit 2E, Bronx, NY 10463
- Building Known as “The Van Cort”
- 1,108 Sq Ft Apartment
- 5 Rooms
- 2 Bedrooms
- 1 Bathroom
- Cash flow Positive Rent Stabilized Unit
- Monthly Rental Income: $902.62
- Monthly Maintenance: $727.56
- 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
- 690 Shares of Stock Allocated to this Unit
- Borough: Bronx Block: 3271 Lot: 210
- Purchaser Additionally Responsible for Unpaid Maintenance Arrears (Estimated at $6,200)
- $40,000 Suggested Opening Bid
Inspections/Viewings: Access Unavailable.
Auction Date & Time: Wednesday, February 3rd 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. 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 $15,000 made payable to “Norris, McLaughlin & Marcus, PA, as Attorneys“. Closing must occur within 30 days after the auction. Sale subject to Managing Agent Review. Please download the complete Terms and Conditions of Sale (available shortly).
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.
Norris McLaughlin & Marcus, P.A., Attorneys for the Secured Party
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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105