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Bankruptcy Sale

24 unit building for sale at maltz auctions in new york city
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August 4, 2020 at 11:00 am

Registration begins:
August 4, 2020 at 4:00 pm

Property Location

41-31 Haight Street
Flushing, NY 11355

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

In Re: 41-23 Haight Street Realty, Inc., – Case No. 19-43441 (NHL)

26,000+  Sq Ft Mixed-Use Condo Building – New Construction

21 Residential & 3 Commercial Units

Temporary C of O Obtained


  • 41-31 Haight Street, Flushing, NY 11355
  • 26,000+ Sq Ft Mixed-Use Building
  • 21 Apartments & 3 Commercial Units
  • 2 Minute Walk to Downtown Flushing
  • 5 Minute Walk to Train & Subway Stations (Flushing Main Street)
  • On-Site Parking Lot Behind Buildings

3 Commercial Units (3,406 Sq Ft Net Saleable):

  • 3,406 Sq Ft (Including Lower Level)
  • Open Floor Plans with 2 Half Baths
  • New Construction – White Box Finish

21 Residential Units (16,571 Sq Ft Net Saleable):

  • New Construction – 95% Complete
  • 2nd Floor – 4 Units (A, B, C & D):
    • 2 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Living Room
    • Balcony (Units B & D)
    • Washer/Dryer Hookup
  • 3rd Floor – 4 Units (A, B, C & D):
    • 2 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Living Room
    • Balcony
    • Washer/Dryer Hookup
  • 4th Floor – 6 Units (A, B, C, D, E & F):
    • 1 Bedroom
    • 1 Full Bath
    • Kitchen
    • Living Room
    • Balcony (No Balcony in Unit F)
    • Washer/Dryer Hookup
  • 5th Floor – 4 Units (A, B, C & D):
    • 2 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Living Room
    • Balcony (No Balcony in Unit C)
    • Washer/Dryer Hookup
  • 6th Floor – 3 Units (A, B & C):
    • 2 Bedrooms
    • 2 Full Baths
    • Kitchen
    • Living Room
    • Rooftop Terrace
    • Washer/Dryer Hookup

Additional Information:

  • Block: 5063, Lot: 44
  • Annual Real Estate Taxes: $271,738.20 (Reflects Current Amount – Actively Working to Qualify for Tax Abatement)
  • Fully Sprinklered Building
  • Appliances and Air Conditioning Need to be Installed in the Residential Units
  • Currently Vacant and will be Delivered Vacant at Closing

Adjacent Buildings on Haight Street Also Available: 10 Mixed-Use Buildings

Auction Date & Time: Wednesday, August 5, 2020 at 11:00.  Pre-Registration Required.

Bidder Qualification Deadline: Tuesday, August 4, 2020 before 11:00 am. The cashier’s check, signed Terms & Conditions of Sale, Sworn Declaration, and proof of ability to close must be delivered to Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722.

Auction Location: Virtual Auction – Credentials will be provided upon bidder qualification.  Please Call Richard Maltz at 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 present a cashier’s check in the amount of $500,000 to bid on Offering A, $1,500,000 to bid on Offering B, or $2,000,000 to bid on Offering C, made payable to “Gregory Messer, Chapter 11 Trustee” Please download the complete Terms & Conditions of Sale.

Buyer’s Premium: A four (4%) 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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Gregory M. Messer, Chapter 11 Trustee
LaMonica Herbst & Maniscalco, 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
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 Trustee, the Attorney for the Trustee nor any of their collective representatives makes any representations or warranties 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 Trustee, the Attorney for the Trustee, 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.