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Receiver Directed Auction – United States District Court, Southern District of New York

In Re: Commodity Futures Trading Commission v. Stephen Walsh, etc., et al. • U.S. District Court, Southern District of New York, Case No. 09-CV-01749-GBD
In Re: Securities and Exchange Commission v. WG Trading Investors, L.P., etc., et al. • U.S. District Court, Southern District of New York, Case No. 09-CV-01750-GBD

9,000+ Sq Ft Water View Mansion on 9+ Acres

Recently Built in 2000 with Custom Super-High-End Finishes Throughout

Details:

  • 16 Wheeler Road, North Salem, NY 10560 (a/k/a “Parcel A” for Auction Purposes)
  • Ideally Located Within the Prestigious Town of North Salem and only Five Minutes from the Purdy’s Train Station (1 Hour & 15 Minutes) to Grand Central Station
  • Spectacular Hilltop Location with Unobstructed Views of Titicus Reservoir
  • Luxurious Estate Home Built in 2000 with Custom High-End Finishes & 5 Fireplaces Throughout
  • 9,187 Sq Ft of Above Grade Living Area + 3,592 Sq Ft Basement
  • 5 Bedrooms & 6.55 Bathrooms
  • Situated on 9.11 Acres
  • First Floor:
  • Entry Foyer: Marble Floors, Fireplace & Antique Reproduction Staircase to Second Floor
  • Gourmet Eat-in-Kitchen: Custom Wood Cabinets, Granite Counters, Two Center Islands & Top-of-the-Line/Professional Appliances
  • Butlers Pantry
  • Dining Room: Panelized Antique Wall Paper, Hardwood Floors, Custom Molding & Fireplace
  • Library: Exquisite Hardwood Built in Cabinetry, Wetbar, Fireplace, Hardwood Floors & Two Story Ceiling
  • Family Room: Fireplace & Hardwood Floors
  • Guest Bedroom: Private En-Suite Bath & Doors to Covered Patio
  • Pet Room: Custom Tiles, Animal Door to Enclosed Area & Access to an Elaborate Glass Bird Cage Viewed from a Den Outside the Pet Room
  • Two Powder Rooms
  • Three Car Garage
  • Rear Staircase to Second Floor
  • Second Floor:
  • Master Bedroom Suite: Fireplace, Two Private Bathrooms & Closets/Dressing Rooms
  • Three Additional Bedrooms: En-Suite Baths
  • Playroom
  • Den
  • Laundry Room
  • Finished Basement:
  • Wine Room
  • Utility Rooms
  • General Information:
  • Section: 30   Block: 1692   Lot: 9
  • Slate Roof
  • Copper Gutters
  • Smith Case Iron Burner (Oil Heat)
  • Central Air Conditioning
  • Water Filtration System
  • Central Vacuum System
  • Custom Built Play Area
  • Bluestone Patio
  • In-Ground Sprinklers
  • Elaborate Stone Walls
  • Taxes/Valuations:
  • Market Value as Assessed on Current Tax Bill: $6,650,943
  • October 6, 2014 Assessor’s Letter:
  •    Agreed Upon Reduced Market Value: $4,329,350
  •    Annual Real Estate Taxes Based Upon Reduced Value: $122,356
  • Previously Listed at $8,000,000
  • 2009 Appraised Value of $5,400,000
  • $1,450,000 Suggested Opening Bid

Inspections/Viewings:  Thursday, November 6th & Sundays, November 9th & 16th from 10:00 am – 2:00 pm each day.

Auction Date & Time:  Thursday, November 20th at 7:00 pm.  Registration begins at 6:00 pm.

Auction Location:  The Ritz-Carlton Hotel – Westchester, Three Renaissance Square (a/k/a 187 Main Street), White Plains, NY 10601.  Absentee bidding available with pre-registration at least 48 hours prior to auction.  Discounted Accommodation Rate Available – Call 516.349.7022 x 202 for Details.

Terms & Conditions of Sale:  Property will be sold free & clear of all liens, claims & encumbrances.  In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $200,000 for Parcel A, made payable to “WG Trading Investors Ltd, et al. QSF”.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A six percent (6%) 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 percent (2%) 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.

Have Questions? Get In Touch

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Robb Evans & Associates LLC, Court Appointed Receiver
David R. Maltz, Auctioneer DCA# 762794
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 Properties are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Properties 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.  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.