Corner Development Site
Bankruptcy Auction
Auction
February 9, 2017 at 11:00 am
Property Location
961-969 Westchester Avenue
Bronx, NY 10459
Auction Location
NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369
Photo Gallery
Details
Bankruptcy Auction – United States Bankruptcy Court Southern District of New York
In Re: 961-969 Westchester Avenue Corp. – Case # 15-12869 (SCC)
24,000+ Sq Ft Buildable Corner Development Site
Details:
- 961-969 Westchester Avenue, Bronx, NY 10459
- Borough: Bronx Block: 2715 Lot: 1
- Across from 180,000+ Mixed-Use Redevelopment Site (Including Fresh Start Supermarket & 100+ Residential Units)
- Flourishing Retail District: Banco Popular, Burger King, Checkers, Chase, Dollar Tree, Gamestop, McDonald’s, Planet Fitness, Sprint, Subway & Walgreens
- Only 1 Block from the Intervale Avenue Subway Platform (2 & 5 Trains)
- Less than 1 Mile to I-278 (Bruckner Expressway)
- 1 Mile to Bronx-Lebanon Hospital
- Lot Size: 7,006 Sq Ft
- Lot Dimensions: 100.00′ x 150.08′ x 17.86′ x 113.32′ (Irregular)
- 100′ Frontage on Westchester Avenue
- 150′ Frontage on Kelly Street
- Zoning: R7-1 with C2-4 Commercial Overlay
- Residential FAR: 3.44 (24,100 Sq Ft Buildable)
- Annual Real Estate Taxes: $23,022
- $1,200,000 Minimum Bid
Inspection/Viewing: Vacant Land – Inspect Freely.
Auction Date & Time: Thursday, February 9, 2017 at 11:00 am. Registration begins at 10:00 am.
Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369. A $1,180,000 bid has been accepted subject to higher bids, with the next bid in the minimum amount of $1,200,000. Online & absentee bidding available with registration at least 5 business days prior to 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 $90,000 made payable to “Leo Fox, as Attorney.”. Please download the complete Terms and Conditions of Sale.
Buyer’s Premium: A six (6%) 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.
Have Questions? Get In Touch
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Leo Fox, Attorney for the Chapter 11 Debtor and Debtor in Possession
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105