Multi-Family Townhouse
UCC Foreclosure Auction

Details:

• indirect interest in 3 West 75th Street, UPPER West Side, New York, NY 10023.
• Multi-Family Townhouse.
• Diligence materials are available upon request and execution of standard confidentiality and non-disclosure agreement.
• PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, by virtue of certain Event(s) of Default under that certain Pledge and Security Agreement dated as of June 28, 2023 (the “Pledge Agreement”), executed and delivered by 271 West 11^th Street LLC (the “Pledgor”), and in accordance with it rights as holder of the security, 3W75 Funding LLC (the “Secured Party”), by virtue of possession of that certain Share Certificate held in accordance with Article 8 of the Uniform Commercial Code of the State of New York (the “Code”) and by virtue of those certain UCC-1 Filing Statement made in favor of Secured Party, all in accordance with Article 9 of the Code, Secured Party will offer for sale, at public auction, (i) all of Pledgor’s right, title, and interest in and to the following: Almenaide LLC (the “Pledged Entity”), and (ii) certain related rights and property relating thereto (collectively, (i) and (ii) are the “Collateral”). Secured Party’s understanding is that the principal asset of the Pledged Entity is that certain fee interest in real property commonly known as 3 West 75th Street, New York, New York 10023 (the “Property”).
• Maltz Auctions (“Maltz”), under the direction of Richard B. Maltz or David A. Constantino  (the “Auctioneer”), will conduct a public sale consisting of the Collateral (as set forth in Schedule A below), via virtual bidding, on January 23, 2025 at 12:00pm, in satisfaction of an indebtedness in the approximate amount of $3,500,000.00, including principal plus interest, and reasonable fees and costs, plus default interest through January 23, 2025, subject to open charges and all additional costs, fees and disbursements permitted by law.  The Secured Party reserves the right to credit bid.