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Two Family Home
Bankruptcy Auction

outside of two family home for sale on east elmhurst at maltz auctions in new york
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Auction

July 26, 2017 at 11:00 am

2017-07-26 11:00AM

Property Location

25-26 78th Street
East Elmhurst, NY 11370

Auction Location

NY LaGuardia Airport Marriott
102-05 Ditmars Boulevard
East Elmhurst, NY 11369

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Details

Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York

In Re: Pardeep Sharma aka Pardeep Kumar Sharma – Case #17-40875-cec

Two Family Home

Prime East Elmhurst Location

  • 25-26 78th Street, East Elmhurst, NY 11370
  • 1,723 Sq Ft Finished Space
  • 259 Sq Ft Unfinished Space
  • 3 Bedrooms & 2 Baths
  • 2,200 Sq Ft Lot (22′ x 100′)
  • 1st Floor:
  • 1 Bedroom
  • 1 Full Bath
  • Kitchen
  • Living Room
  • Access to Backyard
  • Currently Leased: $1,415/Month, Expires 9/30/17
  • 2nd Floor:
  • 2 Bedrooms
  • 1 Full Bath
  • Kitchen
  • Living Room
  • Basement:
  • Partially Finished
  • Half Bath
  • Family Room
  • Laundry Room
  • Storage Room
  • Utility Room
  • Exterior Access
  • Additional Information:
  • Borough: Queens   Block: 1054   Lot: 0020
  • Fuel: Gas
  • Heat: 1-Zone HW
  • Attached 1-Car Garage
  • Private Driveway
  • Year Built: 1960
  • Zoning: R4
  • 1/4 Block to Q47 Bus Line
  • Blocks from Entrances to Brooklyn Queens Expressway & Grand Central Parkway
  • Annual Real Estate Taxes (Before Exemptions): $7,100
  • Subject to First Floor Lease

Inspection/Viewing:  Thursdays, July 13th & 20th from 1:00 pm – 3:00 pm.

Auction Date & Time:  Wednesday, July 26th at 11:00 am.  Registration begins at 9:30 am.

Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369.

Terms & Conditions of Sale: Property will be sold free & clear of all liens, claims and encumbrances.  In order to register to bid, all prospective bidders must present a certified check in the amount of $55,000 made payable to “Robert J. Musso, Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A five (5%) 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.

Buyer Broker Participation:  A one (1%) percent commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

Have Questions? Get In Touch

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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.