132-138 Mulberry Street
Third Floor/Unit 3A
New York, NY 10013
lender approved short sale/pre-foreclosure auction
4,000+ SQ FT LIVE/WORK CONDOMINIUM
elevator opens to full third floor unit
Details:
ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING
Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google Play
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: thursday, august 31st, tuesday, september 5th & monday, september 11th from 10:00 am – 1:00 pm.
Pre-Registration Required to Bid: You must send in signed Terms and Conditions of Sale, signed Online Bidding Form, and a $220,000 deposit to be approved for bidding. All documents and funds must be received at least 24 hours prior to the scheduled end time of the auction, or you may not be approved to bid prior to the conclusion of the auction.
Auction Date: Online-Only bidding will open Tuesday, September 12th at 11:00 am, and is scheduled to close on Thursday, September 14th at 11:00 am. 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.
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.
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 $220,000 made payable to “Maltz Auctions”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 twenty-four hours prior to the scheduled close of bidding. Closing must occur within 45 days after the auction. However, the Successful Bidder shall be granted a single 30-day extension to close if he/she posts an additional non-refundable 10% deposit (subject to additional fees in the extension period). Please download the complete Terms and Conditions of Sale. subject to sale prior to the auction as pre-auction offers will be considered.
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.
private financing available: the lender will offer a first-position mortgage to the successful bidder (no pre-qualification necessary) under the following terms: 40% minimum down payment, 11% annual interest rate, monthly interest-only payments, 24-month term, no pre-payment penalty. Additional financing options available – call Richard Maltz at 516-349-700 x 202 to discuss further.
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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 warrantees 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.
