Single Family Home
September 21, 2016 at 11:00 am
250-02 87th Avenue
Bellerose, NY 11426
NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369
Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: THREE A’s 250-02 LLC – Case # 16-41036-CEC
Single Family Home – Corner Lot
- 250-02 87th Avenue, Bellerose, Queens, NY 11426
- 1,360 Sq Ft Home
- 2,100 Sq Ft Lot (21′ x 100′)
- School District # 26
- First Floor:
- Living Room
- Dining Room
- Bathroom w/ Stall Shower
- Second Floor:
- 3 Bedrooms
- Full Bathroom
- Bathroom w/ Stall Shower
- Additional Information:
- Gas-Fired Steam Heat
- Separate Gas-Fired Hot Water
- Detached 1-Car Garage
- Borough: Queens Block: 8643 Lot: 22
- Year Built: 1925 (estimated)
- Half Mile from Queens/Nassau Border
- Annual Real Estate Taxes: $4,414
- Currently Occupied & Delivered Vacant at Closing
Viewings: Mondays, September 12th & 19th from 1:00 pm – 3:00 pm.
Auction Date & Time: Wednesday, September 21st at 11:00 am. Registration begins at 10:00 am.
Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369. Online & absentee bidding available with registration at least 5 business days prior to auction, please call for details.
Terms & Conditions of Sale: Property will be 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 $35,000 made payable to “Robert J. Musso, as Chapter 7 Trustee”. Please download the complete Terms and Conditions of Sale.
Buyer’s Premium: A four (4%) 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.
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Robert J. Musso, Chapter 7 Trustee
Rosenberg Musso & Weiner 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 Asset 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 Asset 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 Asset, 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 Asset in making their bids. Neither Maltz, the Trustee 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 Asset. All Bidders acknowledge that they have conducted their own due diligence in connection with the Asset and are not relying on any information provided by Maltz, the Trustee, or their professionals. The Asset 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 Asset. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Asset, including without limitation, environmental and physical condition of the Asset. 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.