{ }

Photo Gallery

Details

UNITED STATES BANKRUPTCY COURT SDNY
In Re: Peter Byungho Lee – Case No.: 25-12651-DSJ

2 Bedroom Waterview Condo – Luxury Building

685 1st Avenue, Unit 32D, New York, NY 10016

  • 2 Bedrooms & 2.5 Baths
  • 1,562 Sq Ft Living Space
  • Floor to Ceilings Windows Showcasing Spectacular Views
    • East Exposure: East River, Long Island City Views
    • South Exposure: City Views
    • Partial View of the Empire State Building
  • Neighborhood Information (Click Here)

Unit Information:

  • Primary Bedroom with Full Ensuite bath & Custom Walk-in Closet
    • Southern Exposure and Partial View of the Empire State Building
  • Secondary Bedroom with Full Ensuite Bath
    • Eastern Exposure
  • Gourmet Kitchen with Gaggenau Appliances
    • Southern Exposure
  • Living Room/Dining Room
    • Eastern & Southern Exposures with Partial Empire State Building View
  • Additional Half Bath
  • In-Unit Washer & Dryer
  • Custom Cabinetry Built-in Throughout Unit for Additional Storage

Building Information & Amenities:

  • 148 Unit Building
  • Underground Parking Garage (Additional Fees/Available)
  • Movie/Screening Room
  • Lounge
  • Lap Pool
  • Fitness Center
  • Sauna
  • Concierge Services
  • 24-Hour Doorman
  • Package Room
  • Storage Room/Bike Room

Additional Information:

  • Monthly Common Charges: $2,614.14
  • Annual Real Estate Tax: $25,909.32 with STAR Rebate ($31,405.28 without)
  • $1,775,000 Opening Bid
  • *Auction Pending Court Approval

 

Click Here for a Virtual Walkthrough of the Unit

ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices)

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s check only) to be approved for bidding.

 

Viewing: TBA.

Pre-Registration Required to Bid:  You must send in signed Terms and Conditions of Sale, signed Online Bidding Form, and a $177,500 deposit to be approved for bidding.  All items must be received by Maltz Auctions on or before Wednesday, June 17, 2026 at 4:00 PM.

Auction Date: Online-Only Bidding will open Tuesday, June 16, 2026 at 1:00 PM and is scheduled to close on Thursday, June 18, 2026 at 1:00 PM.  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.  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 $177,500 made payable to “Kenneth p. Silverman, Esq., The Chapter 7 Trustee”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 by 4:00 PM on Wednesday, June 17, 2026. Please download the complete Terms and Conditions of Sale.

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

Icon of paper documents.

Documents

You must be logged in to view Documents.

Have Questions? Get In Touch

You must be logged in to send an Auction Inquiry.

Maltz Logo

Kenneth P. Silverman, Chapter 7 Trustee
Rimon Law, Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Licensed Real Estate Broker
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Phone (516) 349-7022 Fax (516) 349-0105

This Property is 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 Trustee, Attorney for the Trustee, 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.  It is the responsibility of the Buyer and/or Buyer’s Broker 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.