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Water-Block Assemblage
Bankruptcy Auction

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Property Location

444 Fire Island Avenue
Babylon Village, NY 11702

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Details

United States Bankruptcy Court Eastern District of New York

In re: Keswick Real Estate, LLC, – Case No.: 16-72262 (LAS)

Restaurant, Warehouse & Excess Land

Available in Bulk, Group or Individually

SEEKING BULK STALKING HORSE BIDS

No # Fire Island Avenue, 430, 434, 437 & 444 Fire Island Avenue, Babylon Village, NY 11702
District: 102  Section: 19  Block: 3  Lots: 16.001, 38, 39, 40 and 41.001

  • Within the Incorporated Village of Babylon
  • School District: Babylon
  • Flood Zone AE
  • 5 Tax Lots
  • Total Lot Assemblage Size: .882 Acres
  • Total Combined Real Estate Taxes: $69,828.30
  • Currently Vacant & Delivered Vacant at Closing

444 Fire Island Avenue

  • District: 102  Section: 19  Block: 3  Lot: 41.001
  • Previously Operated as Pier 44 Restaurant
  • 6,470 Sq Ft Building
  • Situated on a .4 Acre Site
  • Frontage on Fire Island Ave and Fire Island Ave South
  • Single Curb-Cut
  • 23 Parking Spaces (Including Handicapped)
  • Property Character Code: 421 – Restaurants
  • Annual Village Real Estate Tax: $4,351.67
  • Annual County/School Real Estate Tax: $49,979.08
  • Total Annual Real Estate Tax: $53,330.75

434 Fire Island Avenue

  • District: 102  Section: 19  Block: 3  Lot: 38
  • Vacant Lot Previously Utilized as Restaurant Parking
  • .121 Acre Site
  • Single Curb-Cut
  • 11 Parking Spaces
  • Property Character Code: 330 – Commercial
  • Annual Village Real Estate Tax: $232.51
  • Annual County/School Real Estate Tax: $1,312.04
  • Total Annual Real Estate Tax: $1,544.55

430 Fire Island Avenue

  • District: 102  Section: 19  Block: 3  Lot: 39
  • Previously Operated as Warehouse/Storage
  • 6,470 Sq Ft Building (Estimated)
  • Situated on a .116 Acre Site
  • 23 Parking Spaces (Including Handicapped)
  • Property Character Code: 484 – One Story Small
  • Annual Village Real Estate Tax: $948.88
  • Annual County/School Real Estate Tax: $6,891.41
  • Total Annual Real Estate Tax: $7,840.29

Fire Island Avenue (No Number)

  • District: 102  Section: 19  Block: 3  Lot: 40
  • Vacant Lot Previously Utilized as Parking
  • .044 Acre Site
  • Property Character Code: 330 – Commercial
  • Annual Village Real Estate Tax: $813.99
  • Annual County/School Real Estate Tax: $94.26
  • Total Annual Real Estate Tax: $908.25

437 Fire Island Avenue

  • District: 102  Section: 19  Block: 3  Lot: 16.001
  • Previously Utilized as Overflow Parking for Pier 44 Restaurant (Across Fire Island Avenue)
  • Within the Incorporated Village of Babylon
  • School District: Babylon
  • Property Class: 438 Parking Lot
  • Flood Zone AE
  • Annual Village Real Estate Tax: $2,620
  • Annual County/School Real Estate Tax: $3,584.46

Viewings: TBA.

Pre-Registration Required to Bid:  You must send in signed Terms & Conditions of Sale, signed Online Bidding Form, and a $_________ deposit to be approved for bidding.

Auction Date: Online-Only Bidding will open  _____________, and is scheduled to close on __________________ . 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 $_______ made payable to “R. Kenneth Barnard, 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.

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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R. Kenneth Barnard, Esq., Chapter 7 Trustee
Westerman Ball Ederer Miller Zucker & Sharfstein, LLP, Atty's 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 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 Trustee, the Attorney for the Trustee 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 Trustee, the Attorney for the Trustee, 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.