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63% Interest in Brokerage
Bankruptcy Auction

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Auction

November 9, 2021 at 11:00 am

Registration Deadline

November 9, 2021 at 10:45 am
2021-11-09 11:00AM

Details

United States Bankruptcy Court – Southern District of New York
In Re: Jeffrey Winick – Case No. 20-11976 (SHL)

Sale of Majority Controlling Interest in Winick Realty Group LLC

Sale of the Debtor’s right, title, and interest in and to a direct and indirect 63% interest in Winick Realty Group LLC (www.winick.com), a leading commercial leasing brokerage firm in the New York City Metropolitan Area.

Access to the Comprehensive Data Room Available Upon Completion of the Confidentiality Agreement (Call for Agreement).

The Trustee, Through his Broker, has Received and Accepted a $310,000 Offer.  The Next Acceptable Bid at the Auction will be in the Minimum Amount of $330,000.


Bidder Qualification Deliverables:  A cashier’s check in the amount of $77,500 made payable to “Gregory Messer, Chapter 7 trustee”, and signed Bidding Procedures, must be delivered to Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722 before the Bidder Qualification Deadline.

Bidder Qualification Deadline: Tuesday, November 9, 2021, 2021 by 10:45 Am.

Auction Date & Time: Tuesday, November 9, 2021 at 11:00 Am.  Only Qualified Bidders as defined in Asset Purchase Agreement are qualified to participate.

Auction Location: Virtual Auction – Credentials will be provided upon bidder qualification.  Please call Richard Maltz or David Constantino at 516-349-7022 with questions.

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 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 16% of the high bid.  Please download the complete Terms & Conditions of Sale.

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Gregory Messer, Chapter 7 Trustee
Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105

These assets are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller, Auction Company or any of their Agents.  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.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction Sale.  Maltz Auctions, Inc., d/b/a Maltz Auctions is exclusively acting as the marketing agent