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One Bedroom Co-Op
Bankruptcy Auction

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May 15, 2019 at 11:00 am

2019-05-15 11:00AM

Property Location

4001 S. Ocean Boulevard
Apt. 104
South Palm Beach, FL 33480

Auction Location

39 Windsor Place
Central Islip, NY 11722

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Bankruptcy Sale – United States Bankruptcy Court Southern  District of New York

In Re: Helen Ann Lally – Case # 18-10398 (MG)

One Bedroom Co-Op

Waterfront Community – Across from the Beach


  • 4001 S. Ocean Boulevard, Apt. 104, South Palm Beach, FL, 33480
  • Within the Tropicana Gardens Co-Op Association
  • 559 Sq Ft Ground Level Unit
  • 1 Bedroom & 1 Bathroom
  • 2 Ductless Mini Split Units (Heating & Cooling)
  • 55+ Community
  • Built in 1958
  • Professionally Maintained Community Pool with Intercoastal Views and Grill Area
  • Assigned Parking (Space #19) with Additional Guest Parking
  • Storage Unit
  • No Rentals or Pets Permitted
  • Ideally located Between the Four Season and EAU Palm Beach Resort & Spa
  • Within 20 Minutes to CityPlace, Delray Beach, Worth Ave, Palm Beach Hotels & Entertainment
  • Surrounded by World Class Beaches, Restaurants, Golfing, Shopping & Much More!
  • Monthly Maintenance: Appx. $352.28
  • Annual Real Estate Taxes (2018): $1,148
  • $55,000 Minimum Bid

Viewings:  Sunday, April 28th and Saturday, May 4th from 10:00 am – 2:00 pm each day.

Auction Date & Time:  Wednesday, May 15, 2019 at 11:00 am.  Registration begins at 9:30 am.

Auction Location:  The Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.  Remote bidding available with pre-registration at least 5 business days prior to the auction.

Terms and Conditions of Sale: Property will be sold free & clear of all liens, claims and encumbrances.  The Trustee, through his Auctioneer, has received and accepted a $50,000 offer, subject to higher bids at the auction, with the next bid to be in the minimum amount of $55,000.  In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $10,000 made payable to “Kenneth P. Silverman, Esq., as Chapter 7 Trustee”.  A total deposit of 25% is required within 48 hours following the auction.  Please download the complete Terms and Conditions of Sale.

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Kenneth P. Silverman, Chapter 7 Trustee
Silverman Acampora LLP, Attorneys for the Chapter 7 Trustee
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 Trustee, the Attorney for the Trustee nor any of their collective representatives makes any representations or warranties 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 Trustee, the Attorney for the Trustee, 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.