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Luxury Duplex Condo
Bankruptcy Auction

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March 21, 2018 at 11:00 am

2018-03-21 11:00AM

Property Location

133 Sterling Place
Unit 1D
Park Slope, NY 11217

Auction Location

Sheraton LaGuardia East
135-20 39th Avenue
Flushing, NY 11354

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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York

In Re: The Vermeil LLC, – Case#15-44136-ess & Sterling & Seventh LLC, – Case# 15-44135-ess (Cases Jointly Administered)

Luxury Duplex Condo

Spectacular Corner Building in Park Slope

(Total Offering Consists of 2 Duplex Condos – Sold Individually)


  • 133 Sterling Place, Unit 1D, Park Slope, Brooklyn, NY 11217
  • Within the 22-Unit Condominium Building Known as “The Vermeil”
  • 1,927 Sq Ft Duplex (Includes Lower Level)
  • 1 Bedroom & 1.5 Baths
  • Open Floor-Plan
  • Central Air Conditioning
  • In-Unit Laundry
  • One Block to 2, 3, B & Q Trains
  • .4 Miles to Barclays Center/Atlantic Terminal
  • Rental Permitted (6-Month to 2-Year Term)
  • Building Amenities:
  • Elevator Building
  • Storage Spaces
  • Underground Parking Spaces
  • Ground Floor Community Space
  • Shared Rooftop Deck and Play Area
  • Bike Storage Area
  • Pet-Friendly
  • Additional Information:
  • Borough: Brooklyn;  Block: 942; Lot; 1304
  • Monthly Common Charges: $724.02
  • Annual Real Estate Taxes (Currently): $3,145
  • Year 12 of 15 of 421A Exemption
  • Annual Real Estate Taxes without Exemption: $10,282
  • Currently Occupied and will be Delivered Vacant at Closing

Inspection/Viewing (Tentative): Monday, March 12th from 12:00 noon – 2:00 pm & Sunday, March 18th from 1:30 pm – 3:30 pm.

Auction Date & Time: Wednesday, March 21,  2018  at 11:00 am.  Registration commences at 9:30 am.

Auction Location:  (NEW VENUE) Sheraton LaGuardia East Hotel, 135-20 39th Avenue, Flushing, NY 11354.  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 & clear of all monetary liens.  In order to register to bid, all prospective bidders must present a certified check in the amount of $80,000 on each condominium, made payable to “Barry D. Haberman, Esq.”.  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:  Up to 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.

Barry D. Haberman, Attorney for the Chapter 11 Debtor and Debtor in Possession 

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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.