4.8 Acre Development Site
Bankruptcy Auction

Auction
December 28, 2018 at 11:00 am
Property Location
328 Hoffman Lane
Hauppauge, NY 11788
Photo Gallery
Details
Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: 328 Hoffman Lane LLC – Case # 18-71322 (LAS)
4.8 Acre Development Site
Millions Spent on Landscaping and Hardscaping – Truly a Must See!
Description:
- 328 Hoffman Lane, Hauppauge, NY 11788
- Potential for a Private Club, Corporate Headquarters, Equestrian Property, House of Worship, Subdivision, Single Family Estate, Etc.
- 4.79 Acre Lot (363′ x 575′)
- 5,000 Sq Ft High-End Garage
- Stone Pavilion with Plumbing and Roughed in Electrical
- 100KW Generac Propane Generator
- State of the Art Surveillance System with Full Property Coverage
- 363′ Custom Stone/Iron Fence Hardscaped Frontage
- See Detailed Property Summary for Extensive Improvement Details
Additional Information:
- Section: 27; Block: 1; Lot: 20
- Hauppauge School District #6
- Zoned RES AAA
- .5 Mile to Long Island Expressway
- .8 Mile to Hauppauge High School
- Annual Real Estate Taxes (2017/18): $12,779.30
- Previously Listed at $2,500,000
- $850,000 Suggested Opening Bid
iewings: TBA.
Auction Date & Time: New Auction Date TBA.
Auction Location: TBA.
Terms & Conditions of Sale: Property will be sold free & clear of all liens, claims & encumbrances. In order to register to bid, all prospective bidders must present a bank check in the amount of $90,000 payable to “Forchelli Deegan Terrana LLP Attorney Escrow IOLA Account”. Please download the complete Bidding Procedures.
Buyer’s Premium: A five percent (5%) 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.
Forchelli Deegan Terrana LLP, Attorneys for the Chapter 11 Debtor and Debtor in Possession
Have Questions? Get In Touch
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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