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7 BR Home – Approved Plans
Immediate Sale Directed via Public Auction

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September 12, 2019 at 11:00 am

2019-09-12 11:00AM

Property Location

80 South Essex Street
Montauk, NY 11954

Auction Location

NY LaGuardia Airport Marriott Hotel
102-05 Ditmars Boulevard
East Elmhurst, NY 11369

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Immediate Sale Directed via Public Auction

7 BR Home – Approved Renovation Plans

1 Block to Downtown Shopping/Restaurants & 4 Blocks to Ocean Beaches


  • 80 South Essex Street (a/k/a 80 Essex Street), Montauk, Town of East Hampton, NY 11954
  • Proposed Plans for a 6 Bedroom, 6.5 Bath Single Family Tudor-Style Home
  • Structure Gutted to the Studs
  • Natural Resources Special Permit and Pool Variances have been Granted (See Conditions of Approval)
  • 4 Blocks to Ocean Beaches and 1 Block to Downtown Shopping/Restaurants
  • Current Layout:
  • 7 Bedrooms & 7 Full Bathrooms
  • 1st Floor:
  •     Entry Foyer
  •     Large Kitchen with Wood-Burning Fireplace
  •     Great Room with Wood-Burning Fireplace, Cathedral Ceilings and Original Carl Fisher Chandelier
  •     3 Bedrooms, Each with En-Suite Bathrooms
  •     1 Additional Full Bathroom
  •     Expansive Sunroom
  •     2-Car Garage
  • 2nd Floor:
  •     2 Bedrooms with En-Suites Bathrooms (1 with Private Exterior Access)
  •     2 Additional Bedrooms (1 with Private Exterior Access)
  •     1 Additional Full Bathroom
  • Basement:
  •    Partial
  •     Unfinished
  •     Utilities/Storage
  • Current Utilities:
  •     Fuel: Oil
  •     Heat: Hot Water Radiator/Baseboard
  •     Electrical Service: 200 Amp    
  • Additional Information:
  • Section: 52; Block: 1; Lot: 9.002
  • Year Built: 1928
  • Lot Size: .57 Acre (24,791 Sq Ft)
  • Located within FEMA Flood Zone X (Area of Minimal Flood Hazard)
  • Annual Real Estate Taxes: $10,710.33
  • Previously Listed at $1,995,000
  • Market Value as Assessed: $1,892,857
  • $950,000 Minimum Bid (Sells Regardless of Price at or Above $950,000)

Viewings: Sunday, August 25th from 11:00 am – 12:00 noon; Friday, August 30th from 12:00 noon – 2:00 pm and Friday, September 6th from 10:00 am – 12:00 noon.

Auction Date & Time:  Thursday, September 12, 2019 at 11:00 am.  Registration begins at 9:30 am.

Auction Location:  NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.  Online & absentee bidding available with registration at least 5 business days prior to the auction, please call for details.

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 $95,000 made payable to “Maltz Auctions”. Subject to sale prior to auction as pre-auction offers will be considered. Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: An eight (8%) 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.

Buyer Broker Participation: A two (2%) percent commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

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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 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 warranties 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.