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Tuxedo Rental Store
Bankruptcy Auction

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Auction

March 8, 2018 at 11:00 am

2018-03-08 11:00AM

Property Location

20 Central Avenue
Massapequa, NY 11758

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Details

Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: Coco Partners, Inc. & Coco Foods, Inc.– Case # 17-76178-REG & 17-76177-REG

Fully Equipped & Stocked Tuxedo Rental Store

Turn-Key Opportunity w/ Long-Term Lease

13,000+ Pieces – Selling Assets Individually or in Entirety

Details:

  • Fully Equipped & Stocked
    • Men’s Formal Wear: Coats, Pants, Vests, Shirts, Ties & Shoes
      • Estimated Inventory Counts:
      • 1,500+ Coats
      • 2,300+ Vests
      • 1,000+ Trousers
      • 1,300+ Shirts
      • 1,000+ Pairs of Shoes
      • 6,000+ Ties
    • Men’s Accessories
    • High-End Displays, Furniture & Decor
    • Point-of-Sale System
    • Tailoring Machinery
    • Storage Racks
    • And Much More…
  • 20 Central Avenue, Massapequa, NY 11758 
    • a/k/a 14-16 and 20 Central Avenue, Massapequa, NY 11758
    • Street-Level Retail Space w/ Basement Storage
    • Located directly North of LIRR Massapequa Station
    • Directly Across from Bridal Store
    • Fully Built-Out w/High-End Store Fixtures
    • 10 Years Remaining on Lease (Expires 12/31/2027)
    • Current Annual Base Rent (2017): $63,216.00 ($5,268 Monthly)
    • Additional Rent Expenses: 45% of Annual Real Estate Taxes
    • Tenant Responsible for all Utilities & Maintenance Expenses

Inspection: Thursday, March 8,  2018  from 9:00 am – 11:00 am.

Auction Date & Time: Thursday, March 8,  2018  at 11:00 am.

Auction Location: 20 Central Avenue, Massapequa, NY 11758.

Deposit Requirements:  A 25% deposit in cash or certified funds will be required upon knockdown of the bid.

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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

These Assets are 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.  By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets and will rely solely on their own independent investigations and inspections of the Assets in making their bid.  The Attorney for the Chapter 7 Trustee, the Chapter 7 Trustee, the Auctioneer or their representatives do not guarantee the accuracy of any of the descriptions or any other information pertaining to the sale of this 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.