4.8 Acre Development Site
December 28, 2018 at 11:00 am
328 Hoffman Lane
Hauppauge, NY 11788
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!
- 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
- 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
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
You must be logged in to send an Auction Inquiry.
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, 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 Debtor, the Attorney for the Debtor nor any of their collective representatives makes 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 Debtor, the Attorney for the Debtor, 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