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4-Family Building
Bankruptcy Auction

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Online Bidding

Starts:
June 13, 2022 at 11:00 am

Ends:
June 15, 2022 at 11:00 am

Registration Deadline

June 13, 2022 at 5:00 pm
2022-06-15 11:00AM

Property Location

2836 West 19th Street
Coney Island, Brooklyn, NY 11224

Bid

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Details

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

In Re: 2836 WEST REALTY LLC,  Case No. 20-42297 (NHL)

FOUR FAMILY BUILDING

Coney Island – Minutes to Beach and Local Area Attractions

2836 West 19th Street, Coney Island, Brooklyn, NY 11224

  • 2,800 Sq Ft Building
  • 2-Story, Multi-Family Walk-up
  • 4 Residential Units
  • 2,375 Sq Ft Lot
  • Fired Damaged Building – Extent Unknown
  • Permits Issued Previously for Interior Renovation (Including Plumbing, & HVAC)
  • Area Information:
  • 1.5 Blocks to Cropsey Ave Retail Strip
  • 2 Blocks to MTA Ball Park & Coney Island Brewery
  • 3 Blocks to Coney Island Boardwalk & Coney Island Beach Access
  • 4.5 Blocks to MTA Coney Island-Stillwell Ave Station (D/F/N & Q Trains & B74 Bus Line)
  • .5 Miles to Coney Island Attractions: Denos Amusement, Luna Amusement Park, Cyclone Roller Coaster, Nathans Original, New York Aquarium, and more
  • Additional Information:
  • Borough: Brooklyn  Block: 7019  Lot: 25
  • Building Class: C3- Four Families
  • Tax Class: 2A
  • Primary Zoning: R5
  • Year Built: 1901
  • Annual Real Estate Taxes: $5,618.68
  • Currently Occupied & Delivered AS-IS at Closing

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

*Contemplated Auction Subject to Further Authorization of the Court*


Viewings: TBA.

Auction Registration Deadline (Required to Bid): Monday, June 13th by 5:00 PM. You must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a $65,000 deposit to be approved for bidding.  Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (Complete Registration must be received by the Registration Deadline or you may not be approved to bid prior to the scheduled conclusion of the auction).

Auction Date: Online-Only Bidding will open Monday, June 13, 2022 at 11:00 Am and is scheduled to close on Wednesday, June 15, 2022, 2020 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.  If/once no further bidding activity occurs, the sale closes when the time runs out.

Terms & Conditions of Sale: Property will be 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 $65,000 made payable to “A.Y. Strauss LLC, as Attorneys”, 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 30 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.  Please download the complete Terms and Conditions of Sale. Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A six percent (6%) 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.

Buyer Broker Participation: A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

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A. Y. Strauss LLC, Attorneys for the Chapter 11 Debtor and Debtor-In-Possession
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker

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 Potential Buyer 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 offers. Neither Maltz, the Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession 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 Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession, 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 submitting an offer.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.