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6 NYC Taxi Medallions
UCC Foreclosure Auction

NYC Taxi Medallion Sample.
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Auction

January 11, 2018 at 11:00 am

2018-01-11 11:00AM

Auction Location

NY County Supreme Court
60 Centre Street
New York, NY 10007

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Details

UCC Foreclosure Auction

6 NYC Taxi Medallions

Bidders May Present Bids on One, Multiple or All Medallions

Details:

  • 6 NYC Taxi Medallions
  • 2T35, 8T12, 3D80, 3W20, 6A55 & 2E35
  • 4 Unrestricted Medallions
  • 2 WAV – Restricted Medallions
  • Stalking Horse Bidders Considered, Call Richard Maltz at 516.349.7022 x 202 for Details
  • $185,000 Minimum Bid

Auction Date & Time: Thursday, January 11, 2018 at 11:00 am.  Registration begins at 10:30 am.

Auction Location: The Rotunda of the New York County Supreme Court Building, located at 60 Centre Street, New York, NY 10007.

Terms & Conditions of Sale: In order to register to bid, all prospective bidders must present a bank check in the amount of $25,000/Medallion made payable to “Richard R. Rio PLLC, attorney for First Jersey Credit Union”.  The Lender, through Maltz, has received and accepted a $180,000 bid (on each of the 6 medallions), the next acceptable bid is $185,000.  Please download the Notice of Sale and complete Terms & Conditions of Sale.

Buyer’s Premium: A six (6%) 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.

Richard R. Rio, PLLC, Attorney for the Secured Party

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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

The Assets are 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.  By delivering their respective Offers and/or Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets, 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 Assets in making their bids. Neither Maltz, the Secured Party nor any of their collective representatives makes any representations or warrantees with respect to the permissible uses, quantity or condition of the Assets.  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 Secured Party, or their professionals.  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 Assets.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Assets, including without limitation physical attributes of the Assets.  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.