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United States Bankruptcy court SDNY

In Re: Wembley Athletics Club, Inc., – Case No.: 24-10723 (PB)

9,200 Sq Ft Commercial Building – Open Floorplan

550 East 239th Street, Wakefield, The Bronx, NY 10470

  • 9,270 Sq Ft Commercial Building
  • Two Commercial Units
  • Previously Utilized as Event Space
  • Sprinklered Throughout
  • Building Frontage: 45′
  • Building Depth: 103′
  • 2.5 Blocks to Metro North Wakefield Ave. Train Station
  • .5 Miles to Bronx River Parkway

First Floor/Main Level:

  • 2 Front Building Entrances
  • 2 Side Building Entrances
  • Lobby Area with Coat Closet
  • Men’s and Women’s Multi-Stall Restrooms
  • General Restroom
  • Main Event Area
    • Wrap Around Bar with Refrigeration
    • Storage Cabinets
  • Rear Storage Room
  • Storage Closet and Liquor Closet
  • DJ Booth
  • Small Kitchenette
  • Utility Closet
  • 10′ – 12′ Varying Ceiling Height

Second Floor:

  • 2 Front Entrances
  • 1 Side Entrance
  • Men’s and Women’s Multi-Stall Restrooms
  • Kitchenette
  • Main Event Space – Open Plan
  • Small Rear Bar
  • Coat Closet
  • Storage Rooms
  • Office

Small Basement Area:

  • Oil Boiler & Sprinkler System

Additional Information:

  • Block: 5065  Lot: 36
  • Fuel: Oil (1,000 Gallon Tank)
  • Heat: Hot Water Radiator
  • 400 Amp Electrical
  • Air Conditioning: Rooftop Units
    • 2nd Floor Window Unit Assisted
  • Building Class: K2 (Store Buildings)
  • Zoning District M1-1
  • Annual Real Estate Tax: $43,278.92
  • $1,170,000 MINIMUM BID

 

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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.

 

 

Viewings: By Appointment Only, Click Here to Schedule – Mondays, September 9th & 16th from 12:30 pm to 2:15 pm.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $117,000 deposit to be approved for bidding.  All items must be received by Maltz Auctions on or before September 25, 2024 at 4:00 PM.

Auction Date: Online-Only Bidding will open Tuesday September 24th at 1:00 PM and is scheduled to close on Thursday, September 26th 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: The Trustee, through Maltz, has received and accepted a $1,100,000 offer, subject to higher bids at the auction, with the next bid to be in the minimum amount of $1,170,000.  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 $117,000 made payable to “Kenneth P. Silverman, Esq., Chapter 7 Trustee”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 before September 25th at 4:00 pm.

Buyer’s Premium: A Five (5%) 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.

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Kenneth P. Silverman, Chapter 7 Trustee
Rimon PC- Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
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.