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Corner Mixed-Use Bldg
Bankruptcy Auction

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Online Bidding

October 25, 2022 at 11:00 am

October 27, 2022 at 11:00 am
2022-10-27 11:00AM

Property Location

182 Lindsey Avenue,
Buchanan NY, 10511


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United States Bankruptcy Court Southern District of New York

In re: 2111 Albany Post Road Corp., – Case No.: 22-22207 (SHL)

Mixed-Use Corner Building

1 Commercial Space & 2 Residential Apartments

182 Lindsey Avenue, Buchanan, NY 10511

  • 3,000 Sq Ft 2-Story Mixed-Use Building
  • High Exposure, Located on the Traffic Circle
  • 1st Floor and Basement are Fully Sprinklered
  • (2) 1 Bedroom & 1 Bathroom Apartments
  • Each Space is Individually Metered for gas and Electric

Commercial Space:

  • 1st Floor and Basement (Multiple Entrances)
  • Central Air
  • Recently Converted to Office Space
  • 5 Offices
  • ADA Accessible Half Bathroom
  • Reception Area
  • Basement:
  • Full and Partially Finished, Dry
  • Utilized for Storage and Utilities
  • Currently Vacant and Delivered Vacant at Closing

Residential: (2nd Floor)

  • (2) 1 Bedroom & 1 Bathroom Units, 725 & 750 Sq Ft
  • Separately Metered
  • Central Air and Gas Hot Water Heaters in Each Unit
  • In-Unit Laundry
  • Currently Occupied

Lease Information:

  • Commercial Space:
    • Vacant
  • Apartment 1:
    • Month to Month Tenant
    • Annual Rent: $20,400
    • Tenant Pays Electric and Gas
  • Apartment 2:
    • Lease Expires 3/31/23
    • Annual Rent: $20,400
    • Tenant Pays Electric and Gas

Additional Information:

  • Village: Buchanan – Township: Cortlandt – County: Westchester
  • Property Known by the Town of Cortlandt as 43.15-4-1 and 43.15-4-2
  • Property Known by the Village of Buchanan as 43.15-4-1 (Village Combined lots and Town Did not)
  • C1 Zoning District
  • .31 Acre Site (13,630 Sq Ft)
  • Parking for 16+ Vehicles
  • Fuel: Gas
  • 3 Gas Meters & 3 Electric Meters
  • Year Built: 2006
  • Annual Combined Real Estate Taxes: $24,698.60

Viewings: TBA.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and an $35,000 deposit to be approved for bidding.

Auction Date: Online-Only Bidding will open Tuesday, October 25, 2022 at 11:00 AM and is scheduled to close on Thursday, October 27, 2022 at 11:00 AM.  Visit 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 Real Property will be sold free and clear of any and all interests including, but not limited to, monetary liens, claims and encumbrances.*  In order to register to bid, all prospective bidders must Deliver a cashier’s check in the amount of $35,000 made payable to ““Fred Stevens, Chapter 11 Trustee”, signed Terms & Conditions of Sale, and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 before Monday, October 24, 2022 at 2:00 pm.  Please download the complete Terms & Conditions of Sale.

Buyer’s Premium: A Six percent (6%) Buyer’s Premium will be added to the Successful Purchaser’s high bid to determine the contract price to be paid by the Successful Purchaser.

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.

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Fred Stevens, Chapter 11 Trustee
Klestadt Winters Jureller Southard & Stevens, LLP, Attorneys for the Chapter 11 Trustee
Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105