Prime Corner Retail Site
April 26, 2018 at 11:00 am
693 Peninsula Boulevard
Hempstead, NY 11550
Sheraton LaGuardia East
135-20 39th Avenue
Flushing, NY 11354
Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: 693 Peninsula Corp. – Case No. 17-77117 REG
4,400+ Sq Ft Retail Building on 11,000+ Sq Ft Corner Lot
Potential Redevelopment Site – Located on Main Thoroughfare
- 693 Peninsula Blvd, Hempstead, NY 11550
- 7,458 Sq Ft Commercial Building (Including Basement)
- 11,120 Sq Ft Lot
- Currently Configured as a Quick Oil Change Facility
- Located on High-Traffic Thoroughfare
- Approx. 1/4 Mile North of the Southern Parkway
- First Story:
- 3,066 Sq Ft Divided into Auto Workshop & Office/Storage Space
- 2 Lanes (4 Roll-Up Doors)
- Second Story:
- 1,326 Sq Ft Office Space
- 3,066 Sq Ft Divided into Oil Change Pit & Storage Space
- Additional Information:
- Section: 34; Block: G; Lot: 587, 588 & 644
- Annual Real Estate Taxes: $29,591
- Currently Vacant and Delivered Vacant at Closing
- $525,000 Minimum Bid
Inspection/Viewing: Mondays, April 16th & 23rd from 10:00 am – 12:00 noon.
Auction Date & Time: Thursday, April 26, 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 the auction, please call for details.
Terms & Conditions of Sale: Property will be sold free & clear of all monetary liens. The Trustee has received an accepted a $500,000 opening bid with the next bid to be in the minimum amount of $525,000. In order to register to bid, all prospective bidders must present a certified check in the amount of $52,500, made payable to “Robert L. Pryor, Esq., Chapter 7 Trustee”. Please download the complete Terms and Conditions of Sale.
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Robert L. Pryor, Chapter 7 Trustee
Pryor & Mandelup, L.L.P., 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 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.