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Bankruptcy Auction – United States Bankruptcy Court Southern District of New York

In Re: Milltown Road Acquisitions, LLC – Case # 12-23003-RDD

125+ Acres with Private Lake

Details:

  • 125+ Acres of Vacant Land within Dutchess & Putnam Counties, NY
  • Magnificent Private Lake
  • 91 Milltown Road, East Fishkill, Dutchess County, NY 12531:
  •    119.38 Acres of Vacant Residential Land
  •    Private Lake Know as “Lake Ballard” Within Property
  •    Market Value as Assessed: $1,134,000
  •    Annual Real Estate Taxes: $41,180.20
  •    Tax Map# 6755-03-278242-0000
  • Ressique Street, Kent, Putnam County, NY:
  •    5.84 Acres of Vacant Residential Land
  •    Market Value as Assessed: $157,300
  •    Annual Real Estate Taxes: $10,719.61
  •    Tax Map ID: 1.-1-6

Auction Date & Time:  Wednesday, February 3rd at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369. 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 monetary liens.  In order to register to bid, all prospective bidders must present a cashier’s check in an amount of $35,000 made payable to “Marianne T. O’Toole, as Chapter 7 Trustee”.  Closing must occur within 30 days after the auction.  Please download the complete Terms & Conditions of Sale.

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Marianne T. O’Toole, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, Attorneys for the Chapter 7 Trustee
David R. Maltz, Auctioneer DCA# 762794
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 “AS IS” “WHERE IS”, “WITH ALL FAULTS,” without any representations, covenants, guarantees or warranties of any kind or nature whatsoever, and free and clear of any and all interests including, but not limited to, occupancies, liens, claims, encumbrances, interests, judgments and/or mortgages, or adverse claims to title, of whatever kind or nature (collectively, “Interests”), with such Interests, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the entry of the Order for Relief against the Debtor, and subject to, among other things: (a) any state of facts that an accurate survey may show; (b) any state of facts a physical inspection may show; (c) any covenants, restrictions and easements of record; (d) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (e) environmental conditions.  By delivering Qualifying Deposits, each bidder acknowledges that it has had the opportunity to review the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on its own independent investigation of the Property in making its bids. Neither the Trustee nor any of her representatives make any representations or warranties with respect to the permissible uses of the Property, including, but not limited to, the zoning of the Property. Each bidder acknowledges that it has conducted its own due diligence in connection with the Property and is not relying on any information provided by the Trustee and her professionals.

All prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries, and due diligence concerning the property including, without limitation, the 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.