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

In Re: Margaret M. Liu – Case # 19-42127 (nhl)

4 Bedroom Duplex Condominium

Boro West Court Condo – Prime Borough Park Location

 

  • 1025 45th Street, Unit 1D, Borough Park, Brooklyn, NY 11219
  • 4 Bedrooms & 3 Full Bathrooms
  • 2,800 Sq Ft Duplex Condominium
  • Main Level (Current Configuration):
  •     Kitchen/Dining Room/Living Room Combo
  •     Master Bedroom w/ 2 Walk-in Closets and Ensuite Full Bath
  •     4 Additional Bedrooms
  •     Additional Full Bath
  •     Laundry
  •     Spiral Staircase to Lower Level Currently Boarded Up
  • Lower Level:
  •     Open Floor Area
  •     Full Bath
  •     Access via Rear of Building
  • Additional Information:
  • Borough: Brooklyn   Block: 5608   Lot: 1004
  • 26 Units in Building
  • Individually Metered for Gas (Cooking) and Electric
  • 1 Block to Fort Hamilton Parkway MTA Subway Station (D Line)
  • 1 Block to Fort Hamilton Parkway & New Utrecht Avenue – Retail and Restaurants
  • Monthly Common Charges: $618.36 (Includes Heat, Water & Insurance)
  • Annual Real Estate Taxes: $6,099

ONLINE-ONLY BIDDING – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google Play

The Following 3 BR Duplex Condo in the Same Building is Also being Sold

1025 45th Street, Unit 1A, Borough Park, Brooklyn, NY


Viewings (By Appointment Only): TBA.  Mandatory: Please complete the “Required Viewing Forms” under the documents tab and bring them to your scheduled appointment.  Access will not be granted without these forms and anyone deemed a potential health risk will not be provided access.   PPE requirements strictly enforced.  Thank you in advance for your understanding and cooperation.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a $50,000 deposit to be approved for bidding.

Auction Date: Online-Only bidding will open Tuesday, May 25, 2021 at 11:00 am and is scheduled to close on Thursday May 27, 2021 at 11:00 am. Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

Bidding Process: If a bid is placed with less than one minute remaining, the bidding period will be extended so one minute remains for competing bids to be entered.  If any further bidding occurs, the extension timer will reset to one minute.  Once no further bidding activity occurs, the sale closes when the time runs out.

Terms & Conditions of Sale: Sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $50,000 made payable to “Robert J. Musso, Esq., as Chapter 7 Trustee”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 twenty-four hours prior to the scheduled close of bidding.  Closing must occur within 20 days following board approval, but in no event earlier than 45 days after the auction. Successful Bidder shall be granted a single 30-day extension to close if he/she posts an additional non-refundable 10% deposit.

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.

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Due Diligence Documents

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Have Questions? Get In Touch

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Robert J. Musso, Chapter 7 Trustee
Rosenberg Musso & Weiner LLP, Attorneys for the Chapter 7 Trustee

The 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 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 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 Property in making their bids. Neither Maltz, the seller, nor any of their collective representatives makes any representations or warranties with respect to the permissible uses of the Property including, but not limited to, the zoning of the Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Property and are not relying on any information provided by Maltz, the seller or their professionals.  The 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.