5,300+ Square Foot Luxury Condo- Incredible Value

United States Bankruptcy Court Southern District of New York

Re: JLF 114 Liberty, LLC – Case No. 18-10608 (SHL)

(Islandia, NY) March 19, 2018- Maltz Auctions announced it will auction the spectacular, 5,300+ square foot, full-floor luxury condominium located at 114 Liberty Street, Unit 8, Manhattan, NY. This auction is comprised of a two-step bidding process,  the bidder qualification deadline on Tuesday, April 17, 2018 before 4:00 pm, and the auction for qualified bidders scheduled for Wednesday, April 18th at 2:00 pm at the offices of Goldberg Weprin Finkel Goldstein LLP, attorneys for the mortgagee, located at 1501 Broadway, New York.

“This is an incredible opportunity for a family to acquire a light-filled, lavish, spacious home with its own private key-locked elevator, with extremely low monthly common charges, in the Northern Financial District, near Tribeca, with access to all the city has to offer, “ said Maltz Auction’s President and CEO, Richard Maltz. “Transportation, the best shopping, restaurants and more are just outside the door.”

 

Property Details:

114 Liberty Street, Unit 8, Financial District, Manhattan, NY

  • 5,349 Sq Ft Full Floor Condo
  • Full-Floor Unit with Private Key-Locked Elevator
    • 5 Bedrooms
    • 4.5 Bathrooms
  • Natural Light & City Views from Most Rooms
  • Tremendous Wall Space – Art Collector’s Dream
  • Layout/Room Description:
    • Entry Foyer with Coat Room
    • Enormous Living Room (1,026 Sq Ft) with Oversized Windows
    • Library with Fireplace
    • Formal Dining Room
    • Den/Media Room
    • Gourmet Eat-in Kitchen
      • Top of the Line Appliances (Miele, Sub-Zero & Viking)
      • Granite Countertops
      • Cherry Cabinets
      • Wine Storage
    • Master Bedroom with Large Walk-in Closet and En-Suite Bathroom with Jacuzzi Tub and Steam Shower
    • 4 Additional Bedrooms
      • 3 Bedrooms with Private En-suite Baths
      • 1 Additional Bedroom
    • 1 Half Bath
    • Laundry Room
  • Amenities:
    • Doorman
    • Virtual Doorman
    • Live-in Super
    • Additional Storage Available
  • Additional Information:    
    • Oversized Soundproof Windows with Magnificent Views Throughout
    • Wide Plank Oak Flooring Throughout
    • Central Air Conditioning (Two Zones)
    • High-End Lighting & Hardwired Sound System Throughout
    • Walking Distance to 1, 2, 3, 4, 5, A, C, J, N, R, W, Z & NJ Path Trains
    • World Class Dining and Shopping Steps Away
    • 5 Minute Walk to Brookfield Place Shops/Restaurant/Entertainment
    • Notable Nearby Shopping: Bottega Veneta, Burberry, Club Monaco, Davidoff, Diane Von Furstenberg, Drybar, Ermenegildo Zenga, Gucci, Hermes, Louis Vuitton, Lululemon, Michael Kors, Omega, Paul Smith, Salvatore Ferragamo, Theory, Thomas Pink, Tory Burch & Vince
    • Notable Nearby Restaurants: Amada, Capital Grill, Chop’t, Cipriani, Eataly, Harry’s Cafe, Institute of Culinary Education, Nobu, Parm, P.J. Clarke’s, Starbucks
    • Notable Nearby Amenities: Drybar, Equinox, Leather Spa, North Cove Sailing Marina, Suitstudio, The Rink at Brookfield Place, Zip Car
  • Monthly Common Charges: $2,540
  • Annual Real Estate Tax Before Condo Abatement: $57,939
  • Annual Real Estate Tax After Condo Abatement: $47,800
  • Previously Listed at $9,295,000
  • $6,200,000 Minimum Bid

Inspection/Viewing: Available by Appointment.

Bidder Qualification Deadline: Tuesday, April 17, 2018 before 4:00 pm.  For Bid Procedures call Richard Maltz (x202) for details.

Bid Qualification Delivery Location: Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722.

Auction Date & Time (Qualified Bidders Only): Wednesday, April 18th at 2:00 pm.  Registration commences at 1:00 pm.

Auction Location: Goldberg Weprin Finkel Goldstein LLP, 1501 Broadway, New York, NY 10036.

Terms & Conditions of Sale/Bidding Procedures: Property will be sold free & clear of all monetary liens. In order to qualify to bid, in addition to other requirements, all prospective bidders must present a cashier’s check in the amount of $620,000 made payable to “Goldberg Weprin Finkel Goldstein LLP”.  Within 48 hours following the auction, Successful Bidder must post a deposit in the total amount of 14% of the high bid.  Closing must occur on or before May 15, 2018.  Please download the complete Terms & Conditions of Sale/Bidding Procedures.

Buyer’s Premium: A four (4%) 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.

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.

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 Debtor, the Seller, and/or there Attorneys 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 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 Debtor, the Seller, and/or there Attorneys, 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.

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About Maltz Auctions:

Maltz Auctions is a premier, full-service auction company specializing in creating liquidity through the auction method of marketing. Now a $100+ million company with an impeccable reputation for professionalism, integrity and success, Maltz Auctions has conducted thousands of auctions and generated over $2 billion in sales on behalf of such clients as the U.S. Bankruptcy Courts and financial institutions throughout the country, the U.S. Department of Justice, the Securities and Exchange Commission, the Internal Revenue Service, N.Y. State Department of Taxation & Finance, Court Appointed Receivers, Estate Executors and Public Administrators, as well as law firms, private individuals and corporations, nationwide. Maltz Auctions is court approved to act as auctioneers, real estate brokers and receivers. The 35-year-old firm is nationally recognized as a trusted name in excellence and achievement. MaltzAuctions.com

 

Media Contact:

Kerry Gillick-Goldberg

kgg enterprises, llc.

516.455.3179

[email protected]