3 Manhattan Properties
Security Agreement Sale

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Bidding Info
Auction
November 15, 2017 at 11:00 am
Property Location
Harlem
Manhattan, NY
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Details
Security Agreement Sale
Indirect Equity Interest in 3 Manhattan Properties
Description:
- 100% of the Membership Interests in Second Phoenix Holding LLC
- Principal Asset is 100% of the Membership Interests in Second Phoenix Holding LLC, Which is the Owner of the Properties Located at:
- 212 East 125th Street, New York, NY 10035 a/k/a Block: 1789 Lot: 45
- 214/216 East 125th Street, New York, NY 10035 a/k/a Block: 1789 Lot: 43
- 14 Second Avenue, New York, NY 10003 a/k/a Block: 442 Lot: 6
- COLLATERAL TO BE SOLD: A 47.58% Percentage of Membership Interest in Second Phoenix Holding LLC (the “Company“) held by Harlem Phoenix Realty Corporation (“Harlem“) and a 52.42% Percentage of Membership Interest in the Company held by Kshel Realty Corp. (“Kshel“), including without limitation, Harlem’s and Kshel’s (i) interest in the capital of the Company; (ii) interest in all profits and distributions; (iii) all additional shares of stock of the Company acquired by Harlem and Kshel; (iv) certificates representing Harlem’s and Kshel’s interests in the Company; (v) all payments, if any, due to Harlem and Kshel; (vi) all of Harlem’s and Kshel’s rights, powers and remedies, as members of the Company arising from their ownership; and (vii) all of Harlem’s and Kshel’s rights as members of the Company to manage the affairs of the Company (collectively, the “Collateral“.)
- The Collateral is Subject to Liens in the Approximate Amount of $12,833,010.23 as of October 1, 2017
Auction Date & Time: Auction Postponed.
Buyer’s Premium: A ten (10%) 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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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105