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Parkview 3 BR Lux Condo
Bankruptcy Auction

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Auction

June 8, 2022 at 1:00 pm

Registration Deadline

June 7, 2022 at 4:00 pm
2022-06-08 01:00PM

Property Location

721 Fifth Avenue, Unit 34EF
New York, NY 10022

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Details

United States Bankruptcy Court Southern District of New York

In Re: Frederic Bouin – Case No. 21-11932-DSJ

2,200 Sq Ft Parkview Luxury Condo

721 Fifth Avenue, Unit 34 EF, Manhattan, NY 10022:

  • 3 Bedroom, 2.5 Bath Luxury Condo within Trump Tower
  • 2,220 Sq Ft Living Space
  • White-Glove Doorman Building
  • Open Floorplan Includes 2 Bedrooms with Ensuite Full Baths, Kitchen, Living Room, and Home Office/Additional Bedroom
  • Panoramic Views of Central Park, Plaza Hotel, and Fifth Avenue
  • Floor to Ceiling Windows
  • Brazilian Mahogany Floors
  • Galley Kitchen with High-End Appliances and Custom Built Cabinetry Imported from Italy
  • Previously Configured as a 3-Bedroom Unit (Click Here for Previous Floorplan)

Building Amenities:

  • 24-Hour Concierge
  • White-Glove Service
  • Doorman
  • on-Site Health Club
  • Elevator Operator
  • Security Guard
  • Central Laundry Room
  • Cleaning Service
  • Exercise Room
  • LAundry Service
  • Package Room
  • Valet Parking

Additional Information:

  • Block: 1292  Lot: 1038
  • Monthly Common Charges: $3,800
  • Current Annual Real Estate Taxes: $50,133.44 (Reflects $10,634.40 Abatement & STAR Exemption)
  • $3,000,000 Suggested Opening Bid

Click Here for a Virtual Tour and Floorplans


Viewings: Thursday, May 19th is the Next Viewing – By Appointment Only – Appointments Must Be Made AT Least 24 Hours Prior to The Scheduled Viewing.  Please Click Here to Schedule.

Bidder Qualification Deliverables:  A cashier’s check in the amount of $300,000 made payable to “Ronald J. Friedman, Chapter 11 Trustee”, and signed Terms & Conditions of Sale must be delivered to Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722 before the Bidder Qualification Deadline.

Bidder Qualification Deadline: Tuesday, June 7, 2022 at 4:00 PM.

Auction Date & Time: Wednesday, June 8, 2022 at 1:00 PM. Only Pre-Qualified Bidders are qualified to participate.

Auction Location: Virtual Auction – Credentials will be provided upon bidder qualification.  Please call 516-349-7022 x 202 with questions.

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 preregister pursuant to the Terms & Conditions of Sale.  Within 48 hours following the auction, Successful Bidder must post a deposit in the total amount of 15% of the high bid.  Please download the complete Terms & 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.

Bidding is available by computer at RemoteBidding.MaltzAuctions.com or by download of the Maltz Auctions App on the App Store or Google Play

Pre-Registration Required to Bid. You Must send in the signed Terms & Conditions of Sale and a $300,000 deposit (cashier’s check only) to be approved for bidding.

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Ronald J. Friedman, Chapter 11 Trustee
Silverman Acampora LLP, Attorneys for the Chapter 11 Trustee
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker

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 Potential Buyer 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 offers. Neither Maltz, the Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession 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 Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession, 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 submitting an offer.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.