5,800+ SQ FT LUX BUILDING

Auction by: Maltz Auctions

Foreclosed Property Auction

Spectacular Building in Heart of Downtown – Truly a Must See!

Live Off-Site Auction

Began: Thursday, May 26, 2016 at 11:00 AM EDT

Location: LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369

Details

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Foreclosed Property Auction

Spectacular 5,800+ Sq Ft Prime Retail Building – Truly a Must See!

Near Train Station in Heart of Downtown – Adjoins Huge Municipal Parking Lot

Details:

  • 137 Cedarhurst Avenue, Cedarhurst, NY 11516
  • Located in the Heart of Downtown Cedarhurst & 100′ from the Train Station
  • Formerly Occupied by World Famous Rodolfo Valantin Salon
  • Many Spectacular Buildouts are Still in Place, But Some Have Been Removed – Property Needs Work
  • Adjoins Tremendous Municipal Parking Lot with Direct Entrance to Rear of Building
  • Potential Uses: Bank, Boutique, Dentist, Doctor, Plastic Surgeon, Professional Offices, Salon, Spa, or Countless Other Luxury Businesses
  • Elevator Services Basement, First & Second Floors
  • 5,820 Sq Ft Building + 1,600 Sq Ft Basement
  • First Floor: 3,460 Sq Ft
  • Second Floor: 2,360 Sq Ft. Spectacular Balcony Overlooking First Floor
  • Basement: 1,600 Sq Ft (Substantially Framed-Out but Unfinished)
  • High-End Finishes & Bathrooms Throughout
  • Additional Information:
  • Section: 39   Block: 263   Lot: 312
  • Lot Size: 3,612 Sq Ft
  • Annual Real Estate Taxes: $35,175.68 + Village of $12,578.94
  • Currently Vacant & Delivered Vacant at Closing
  • Previously Listed at $4,950,000
  • $940,000 Opening Bid

 

Viewings:  Mondays, May 16th & 23rd from 10:00 am – 12:00 noon.

Auction Date & Time:  Thursday, May 26th 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 bank check in the amount of $94,000 made payable to “Maltz Auctions, Inc.”.  Please download the complete “Terms & Conditions of Sale”.

Buyer’s Premium: An eight (8%) 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.

Buyer Broker Participation: A two (2%) 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.

  
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Richard B. Maltz, Licensed Real Estate Broker
 Phone (516) 349-7022  Fax (516) 349-0105 

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 Seller, the Attorney for the Seller 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 Seller, the Attorney for the Seller, 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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