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25K SQ FT Waterfront Lot
Bankruptcy Auction

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Auction

November 14, 2018 at 1:00 pm

2018-11-14 01:00PM

Property Location

3 Sandpiper Court
Westhampton, NY 11977

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Details

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

Jointly Administered under In re: MICHAEL P. D’ALESSIO, et al., · Case # 18-22552 (RDD)

25,000+ Sq Ft Waterfront Lot with Pool

Building Permit & Previously Approved Plans – Spectacular Open Water Views

Description:

  • 3 Sandpiper Court, Westhampton, NY 11977
  • Located within Westhampton Beach Estates
  • Prior Home Demolished
  • Gunite Pool on the Water in Place
  • Newer Bulkheading
  • .58 Acre Lot (25,265 Sq Ft)
  • Under 3 Miles to Downtown Westhampton Beach (Shopping/Restaurants) & LIRR
  • Additional Information:  
  • Section: 382;  Block: 1;  Lot: 48
  • Westhampton Beach School District
  • Annual Real Estate Taxes (Calculated on $2,057,900 Assessment): $18,396.22

 


Auction Date & Time:  Wednesday, November 14, 2018, at 1:00 p.m.  Registration begins at 12:30 p.m.

Auction Location:  Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.

Terms & Conditions of Sale: Property will be sold free & clear of all interests, including monetary liens. In order to register to bid, all prospective bidders must present a certified or official bank check in the amount of $75,000 made payable to “Marianne T. O’Toole, Chapter 7 Trustee”.  Please download the complete Terms & Conditions of Sale.

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Marianne T. O’Toole, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, 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 whatsoever, and free and clear of any and all interests including, but not limited to, liens, claims, encumbrances, interests, judgments and/or mortgages, or adverse claims to title, of whatever kind or nature (collectively, “Interests”), with such Interests, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the entry of the Order for Relief against the Debtor, and 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 make 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 Trustee, the Attorney for the Trustee, or their professionals. 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 Real 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 Real 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.