Plainview, NY October 3, 2007– David R. Maltz & Co., Inc., Auctioneers / Real Estate Brokers has been retained by The United States Bankruptcy Court to sell an assemblage of 11 lots in Brooklyn, New York. The lots will be sold in two groups, the larger, consisting of 10 lots with a total size of approximately 47,000 sq ft is improved with a 67,000 square foot building and has over 100,000 buildable feet. The second property is a two-story, 20,000 square foot building situated on a 10,000 square foot lot. Situated only a few blocks outside of Williamsburg, these parcels afford prime redevelopment/investment opportunities. David R. Maltz & Co., Inc. has received a $10,000,000.00 bulk offer for both properties. Such offer is subject to higher or better bids at the public auction sale scheduled to take place on November 6, 2007 at 11:00 am. The auction will take place at the offices of GREENBERG TRAURIG LLP, 200 Park Avenue, 15th Floor, New York, NY. The properties will first be offered for sale in bulk and then individually. They will be sold in the manner deemed most beneficial to the estate.
About David R. Maltz & Co., Inc., David R. Maltz & Co., Inc., is the premier full service auction company specializing in debt related sales. Since our inception 30 years ago, we have built a $100+ million a year corporation with an impeccable reputation for professionalism, honesty, integrity and success. We have conducted thousands of auctions on behalf of such clients as the United States Bankruptcy Courts and Financial Institutions throughout the United States, The United States Department of Justice, The Internal Revenue Service, The United States Government Small Business Administration, Law Firms, Private Individuals and Corporations, nationwide. Our Company is nationally recognized as a name in excellence and achievement.