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Two Family Townhome
Bankruptcy Auction

apartment building up for sale at Maltz Auctions
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June 20, 2019 at 11:00 am

2019-06-20 11:00AM

Property Location

299 Quincy Street
Brooklyn, NY 11216

Auction Location

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

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

In Re: Quincy St III Corp., Case No. 18-22294 (RDD)

Two Family Townhome

Located in the Heart of Bedford-Stuyvesant


  • 299 Quincy Street, Bedford-Stuyvesant, Brooklyn, NY 11216
  • 2,250 Sq Ft Building + 750 Sq Ft Unfinished Basement
  • 1,667 Sq Ft Lot (16.67′ x 100′)
  • 4 Blocks to Bedford-Nostrand MTA Subway G Line
  • 1.5 Blocks to MTA B52 Bus Line
  • 2 Block to MTA B44 Bus Line
  • 9 Blocks to Nostrand Ave MTA Subway A & C Lines
  • Unit 1 (Ground Level):
  • 2 Bedrooms
  • 1 Bath
  • Eat-In Kitchen
  • Unit 2 (2nd & 3rd Floors):
  • 5 Bedrooms & 2 Baths
  •  2nd Floor:
  •     Full Bath
  •     2 Bedrooms
  •    Eat-In Kitchen
  • 3rd Floor:
  •    3 Bedrooms
  •    Full Bath
  •    Living Room/Potential Additional Bedroom
  • Additional Information:
  • Borough: Brooklyn; Block: 1803; Lot: 66
  • Year Built: 1899
  • Zoning: R6B General Residence District
  • FAR: 2
  • FAR as Built: 1.35
  • Unused FAR: 1,084 Sq Ft
  •    *FAR Information Derived from Property Shark*
  • Fuel: Gas
  • Heat: Hot Water
  • Electric Hot Water Heater
  • 3 Electric Meters
  • 2 Gas Meters
  • Annual Real Estate Taxes: $4,878
  • NYC Market Value as Assessed: $1,418,000
  • Currently Occupied & Delivered Vacant at Closing

Viewings: Mondays, June 10th & 17th from 12:00 noon – 2:00 pm.

Auction Date & Time:  Thursday, June 20, 2019 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 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 $60,000 made payable to “Leo Fox, Esq. Escrow Account”. Subject to sale prior to auction as pre-auction offers will be considered. Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A six percent (6%) 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 two percent (2%) 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.

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Leo Fox, Attorney for the Chapter 11 Debtor and Debtor in Possession
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 warranties 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.