December 17, 2015 at 7:00 pm
30 Baycrest Drive
Huntington, NY 11743
Marriott Residence Inn
9 Gerhard Road
Plainview, NY 11803
Securities and Exchange Commission Directed Auction – US District Court Southern District of New York – Case No. 09-CV-07594-KBF-THK
Details:
Directions: North on New York Avenue which turns into East Shore Road. Turn Right onto Kanes Lane (Across from Huntington Yacht Club) and continue straight onto Baycrest Drive (Kanes Lane turns into Baycrest Drive). Upon Reaching Stone Piers for the Bay Crest Association continue straight. After continuing straight the road makes a sharp right to continue to the water. Do not turn right, instead continue straight to 30 Baycrest Drive by taking the driveway on the right (do not follow the road to the right or you will head towards the water).
Inspections/Viewings: Saturday, December 5th, Wednesday, December 9th & Sunday, December 13th from 1:00 pm – 3:00 pm. The home is presently occupied, please do not visit outside of scheduled viewings.
Auction Date & Time: Thursday, December 17th at 7:00 pm. Registration begins at 6:00 pm.
Auction Location: Marriott Residence Inn, 9 Gerhard Road, Plainview, NY 11803. Online & absentee bidding available with registration at least 5 business days prior to auction, please call for details.
Terms & Conditions of Sale: Property will be sold free and clear of all liens, claims & encumbrances. In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $195,000 made payable to “Windels Marx Lane & Mittendorf Escrow Account”. Closing shall occur on February 29, 2015. Please download the complete Terms and Conditions of Sale. The Liquidating Agent, through his Auctioneer, has received and accepted a $2,600,000 bid, with the next acceptable bid at the public auction to be in the minimum amount of $2,700,000.
Buyer’s Premium: A six percent (6%) 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.
David R. Maltz, Liquidating Agent Pursuant to Court Order
Windels Marx Lane & Mittendorf, LLP, Attorneys for the Liquidating Agent
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Richard B. Maltz, Auctioneer
David A. Constantino, Auctioneer
Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022 Fax (516) 349-0105
The Property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the Property is made by the Liquidating Agent, Auction Company or any of their Agents. 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 and/or Buyer’s Broker 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 Auction.
Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.