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United States Bankruptcy Court Eastern District of New York
In Re: EUGENE JOHN DEMARCO  –  Case No.: 22-72630 (AST)

Remainder Interest in and to Single Family Home

Remainder Interest in & to 117 Burr Road, East Northport, NY 11731

  • The life tenant was born on 12/29/1927. It is understood that she has not resided at the property for the past 3–4 years and is currently living in a senior assisted living or nursing home.

    THIS IS A SALE FOR THE REMAINDER INTEREST (FUTURE INTEREST IN THIS PROPERTY, BECOMES EFFECTIVE AFTER THE LIFE TENANT PASSES AWAY), NOT THE FEE SIMPLE INTEREST IN THE HOME.

  • Property Description:
  • Upper Level:
    • Primary Suite with Full Ensuite Bath (Shared Bathroom Access via Hallway Door)
    • 2 Additional Bedrooms
    • Kitchen w/ Breakfast Nook
    • Living Room
    • Dining Room
  • Lower Lever:
    • Rec Room
    • Full Bath
    • Workshop/Utilities/Storage
    • Exterior Access
  • Additional Information:
  • District: 400  Section: 172  Block: 1  Lot: 116
  • Elwood Union Free School District
  • Fuel: Gas
  • Heat: HW Baseboard
  • Annual Real Estate Tax: $11,855.72

 

ONLINE BIDDING ONLY – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer (PC or Mac Only) or download of the Maltz Auctions App on the App Store or Google Play (Required for tablet and Cell Phone Devices)

  Pre-Registration Required to Bid. You Must send in signed Terms & Conditions of Sale, signed Online Bidding Form and a deposit (cashier’s check only) to be approved for bidding.

Viewings: Access Unavailable.

Pre-Registration Required to Bid:  You must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a $20,000 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 24, 2025 at 11:00 AM and is scheduled to close on Thursday, June 26, 2025 at 11:00 AM. Visit RemoteBidding.MaltzAuctions.com 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 present a cashier’s check in the amount of $20,000 made payable to “Kenneth P. Silverman, as Chapter 7 Trustee”, 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.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A Five percent (5%) 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.

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Documents

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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

This Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Trustee, Attorney for the Trustee, Auction Company or any of their Agents.  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 and/or Buyer’s Broker 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.