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4,600+ SQ FT Retail Building
Bankruptcy Auction

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September 28, 2016 at 10:30 am

2016-09-28 10:30AM

Property Location

27-29 East Main Street
Smithtown, NY 11787

Auction Location

39 Windsor Place
Central Islip, NY 11722

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

In Re: T.C. Music Co., Inc., Symphonic Holdings LLC – Jointly Administered – Case # 16-72228 (AST)

4,600+ Sq Ft Prime Retail Building in the Heart of Smithtown

Located on Main Street Across from Major Shopping Center


  • 27-29 East Main Street, Smithtown, NY 11787
  • Ideally Located on Main Thoroughfare in Thriving Town
  • 4,656 Sq Ft  (Appx) Building + Basement
  • .28 Acre Lot
  • Full Basement
  • Large Municipal Lot Directly Behind Building
  • Surrounded by Major Retailers Including CapitalOne, Chase, CVS, H&R Block, People’s United Bank, Starbucks, TFCU, Verizon, Walgreens & Many Others
  • First Floor:
  •    Retail Sales Floor
  •    Offices
  •    Storage
  •    Repair Shop
  •    Access to Rear Parking Lot
  • Basement:
  •    9 Individual Studios
  •    3 Storage Rooms
  •    Access to Rear Parking Lot
  • Additional Information:
  • Section: 77   Block: 5   Lot: 42.2
  • Central Air Conditioning (Mini-Split System in Basement)
  • Fuel: Gas
  • Heat: Hot Air
  • Property Use: Multiple Use of Multipurposes (480)
  • 37.19′ Frontage on Main Street
  • Annual Real Estate Taxes without Exemption: $22,136.28
  • Currently Occupied & Delivered Vacant at Closing

Viewings:  Thursday, September 15th & Monday, September 26th from 12:00 noon – 2:00 pm.

Auction Date & Time:  Wednesday, September 28, 2016 at 11:00 am.  Registration commences at 10:00 am.

Auction Location:  Auctioneer’s Gallery, 39 Windsor Place, Central Islip, NY 11722. Online & absentee bidding available with registration at least 5 business days prior to auction, please call for details.

Terms & Conditions of Sale/Sales Procedures:  Property will be sold free and clear of all monetary liens.In order to register to bid, all prospective bidders must present a bank check in the amount of $50,000 made payable to “SilvermanAcampora, LLP, Attorneys for the Chapter 11 Debtor & Debtor in Possession”.   Please download the complete Sales Procedures.

Buyer’s Premium:  A five (5%) percent 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.

SilvermanAcampora, LLP, Attorneys for the Chapter 11 Debtor & 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