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19,000+ Sq Ft Office Bldg
Immediate Sale Directed

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June 22, 2023 at 11:00 am

Online Bidding

June 20, 2023 at 11:00 am

June 22, 2023 at 11:00 am


June 6, 2023
from 10:00 am to 12:00 pm

June 19, 2023
from 10:00 am to 12:00 pm

2023-06-22 11:00AM

Property Location

145 N. 5th Avenue
Mount Vernon, NY 10550


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immediate sale directed via public auction

19,000+ Sq Ft Office Building

Corner Lot – Prime Location

Click Here for a Virtual Walk-Through

145 N. 5th Avenue, Mount Vernon, Westchester County, NY 10550

  • 19,704 Sq Ft Office Building (including Walk-Out Lower Level)
  • Handicapped Accessible Building
  • 10,000 Sq Ft Lot
  • 3,500 Sq Ft Parking Lot
  • Elevator Building Servicing 1st and 2nd Floors
  • .2 Miles to Gramatan Avenue Municipal Lot (Multi-Level Parking Garage)
  • .5 Miles to Mt. Vernon East MTA Train Station
  • .1 Miles to Gramatan Ave MTA Bus Stop (0007,0040,0041,0043 and 0052 Bus)
  • 1 Block to Hartley Park
  • Currently vacant & delivered vacant at closing

First Floor:

  • Professional/Office Space
  • 6,714 Sq Ft
  • Current Configuration:
    • 20 Offices/Rooms
    • Receptionist Area
    • Common Hallway
    • 4 Multi-Stall Restrooms (2 Handicapped)
    • 1 Additional Bathroom
    • Cafeteria Room
    • Mechanical Room

Second Floor:

  • Professional/Office Space
  • 6,714 Sq Ft
  • Current Configuration:
    • 4 Multi-Room/Office Professional Suites
    • Common Hallway
    • 4 Multi-Stall Bathrooms (2 Handicapped)
    • Server Room
    • Accessible Via 2 Stairwells and Elevator

Lower Level: (Walk-Out Entrance on North Street)

  • Open Floor Plan
  • 6,276 Sq Ft (Appx)
  • Previously Utilized by Cabinet Manufacturer
  • Ceiling Mounted Heat
  • 3 Utility Rooms (Electrical, Elevator and Heat/Hot Water)
  • 1 Bathroom

Upgrades/Renovations (2018):

  • EPDM Roof
  • Energy-Efficient LED Lighting Throughout
  • 2 Rooftop HVAC Trane Units
  • Fire Alarm System (Central Station Monitoring)
  • Gas Main Replacement
  • All Bathrooms

Utility information:

  • First Floor:
  • Trane HVAC System is Located in A First Floor Utility Closet (1 Zone Heat and CAC)
  • Additional Boiler Located in Basement (Supplies Baseboard Heat)
  • Second Floor:
  • 2 Rooftop Trane HVAC Units (2 Zone Heat and CAC)
  • Lower Level:
  • Gas Boiler Located in Basement (Ceiling Mounted Hot Water Heat Units)
  • Utility Service:
  • 8 Electric Meters
  • 400 Amp Electric Service
  • 1 Gas Meter

additional Information:

  • Parcel ID: 165.54-1121-26
  • School District: Mt. Vernon City
  • Zoning: NB
  • Property Class 464: Office Building
  • Annual Real Estate Tax: $25,346.09
  • $1,750,000 Opening Bid

Viewings: Tuesday, June 6th and Monday, June 19th from 10:00 am – 12:00 noon each day.

Pre-Registration Required to Bid:  You must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a $175,000 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, June 20th at 11:00 am and is scheduled to close on Thursday, June 22nd 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: Sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must deliver a cashier’s check in the amount of $175,000 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.

Buyer’s Premium: A Ten  (10%) 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.

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.

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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker

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.