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David R. Maltz & Co., Inc. is Retained to Sell Three Southampton and Manhattan Properties by Order of the U.S. Bankruptcy Court

Plainview, NY May 15, 2009 – Plainview, NY – David R. Maltz & Co., Inc., Auctioneers/Real Estate Brokers has been retained by Salvatore LaMonica, Esq., Chapter 7 Trustee for the Bankruptcy Estate of Marc S. Dreier to conduct the Bankruptcy Auction for three distinguished properties in New York. Two properties are located on Dune Road in East Quogue in the Town of Southampton. The third is a luxury condominium located at the prominent “One Beacon Court” a/k/a “Bloomberg Tower.”

The Hamptons properties are located on the picturesque and prestigious Dune Road in East Quogue, NY in the Town of Southampton. The first, known as 111 Dune Road, is a 7,000 Sq. Ft. Oceanfront Home situated on 2.4 Acres. With 8 Bedrooms and 8 Bathrooms, countless amenities including a media room, tennis court, pool, etc., this Oceanfront home presents the chance of a lifetime to own a stunning home and a prime address. The second property, known as 109 Dune Road, is a 3,100 Square Foot Home with direct beach access. This home provides a chance to own a superlative home with surrounding views of the Ocean and Bay. Both East Quogue properties are scheduled for auction on June 17th at 1:00 pm and will be sold on location.

The Manhattan property is located at 151 East 58th Street Unit 34C, in the building known as “One Beacon Court” and “Bloomberg Tower” that occupies an entire city block bounded by East 58th and East 59th Streets and Lexington and Third Avenues. This 3,000 Square Foot (with an additional 700 Square Foot Terrace) luxury condominium has 4 Bedrooms and 5 Bathrooms with extraordinarily high-ceilings and floor to ceiling windows to display the exemplary views of Manhattan along with an uncompromised selection of amenities. This sale offers an incredible opportunity to acquire a truly exquisite unit at a visual landmark of New York City. The auction is scheduled for July 21st at 1:00 pm and will take place at the United States Bankruptcy Court, Southern District of New York, One Bowling Green, New York, NY.

Interested Parties for all above properties are encouraged to call 516.349.7022 to schedule an appointment for inspection. All parties wishing to register to bid must present a certified check in the amount of $400,000 for the property located at 111 Dune Road, $100,000 for the property located at 109 Dune Road, and $500,000 for the propety located at 151 East 58th Street Unit 34C, made payable to “Slavatore LaMonica, Esq., Chapter 7 Trustee.”


About David R. Maltz & Co., Inc.
David R. Maltz & Co., Inc., is the premier full service auction company specializing in debt related sales. Since its inception more than 30 years ago, they have built a $100+ million a year corporation with an impeccable reputation for professionalism, honesty, integrity and success. They 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. This firm is nationally recognized as a name in excellence and achievement.