September 10, 2021 at 11:00 am
264 & 276-278 West 115th Street
2120-2124 Frederick Douglass Boulevard
Harlem, Manhattan, NY 10026
Bankruptcy Auction – United States Bankruptcy Court Southern District of New York
In re: Eight-115 Associates LLC, – Case # 20-11812 (MG)
6 Building Portfolio
57 Residential Units & 3 Commercial Units – Opportunity Zone
Offering Summary:
Inspections/Viewings: Available by Appointment.
Bidder Qualification Deliverables: A wire transfer in the amount of $820,000 made payable to an account specified by the Trustee, and signed Terms & Conditions of Sale must be delivered to Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722 before the Bidder Qualification Deadline.
Bidder Qualification Deadline: Thursday, September 9. 2021 before 4:00 pm.
Auction Date & Time: Friday, September 10, 2021 at 11:00 am. Only Qualified Bidders as defined in Terms & Conditions of Sale are qualified to participate.
Auction Location: Virtual Auction – Credentials will be provided upon bidder qualification. Please call Richard Maltz at 516-349-7022 x 202 with questions.
Terms & Conditions of Sale: In order to register to bid, all prospective bidders must preregister pursuant to the Terms & Conditions of Sale. Within 48 hours following the auction, Successful Bidder must post a deposit in the total amount of 14% of the high bid. Please download the complete Terms & Conditions of Sale.
Buyer’s Premium: A four (4%) 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.
264 West 115th Street, Harlem, Manhattan, NY 10026
276 West 115th Street, Harlem, Manhattan, NY 10026
278 West 115th Street, Harlem, Manhattan, NY 10026
2120 Frederick Douglass Boulevard, Harlem, Manhattan, NY 10026
2122 Frederick Douglass Boulevard, Harlem, Manhattan, NY 10026
2124 Frederick Douglass Boulevard, Harlem, Manhattan, NY 10026
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Yann Geron, Chapter 7 Trustee
Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Licensed Real Estate Broker
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
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 Seller 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 Seller, 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.
