2-FAM/REDEVELOPMENT SITE

Auction by: Maltz Auctions

Immediate Sale Directed

Renovate Existing Home or Potentially Build (2) Two Family Homes

Live Off-Site Auction

Begins: Wednesday, March 22, 2017 at 11:00 AM EDT

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

Details

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Immediate Sale Directed

5,500 Sq Ft Residential Development Site/Handyman Special

 

Renovate Existing Home or Potentially Build (2) Two Family Homes

 

Details:

  • 214-216 Husson Avenue, Clason Point, Bronx, NY 10473
  • Borough: Bronx   Block: 3460   Lots: 12 & 13
  • Two Blocks from the Water
  • Potential to Build (2) Two Family Semi-Attached Homes
  • Currently Improved with 2-Family Home (3 BR & 2 Ba) and Cottage
  • Current Structures in Need of Substantial Renovation
  • 2-Family Home:
  •    Upper Unit:
  •    2 Bedrooms & 1 Bath
  •    Living Room/Dining Room
  •    Eat-in-Kitchen
  •    Lower Unit:
  •    Open Floorplan – Completely Gutted
  • Cottage:
  •    Substantially Gutted – 1 BR Potential
  • Combined Lot Size: 5,500 Sq Ft (50′ x 110′)
  • Zoning: R3-A
  • Annual Real Estate Taxes: $5,375
  • Market Value as Assessed: $643,000
  • $220,000 Opening Bid

 

Viewings: TBA.

Auction Date & Time:  Wednesday, March 22, 2017 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 the amount of $25,000 made payable to “Maltz Auctions, Inc.”.   Subject to sale prior to auction as pre-auction offers are encouraged and will be considered.  Please download the complete Terms and 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.

Financing: Maltz Auctions is pleased to announce a strategic alliance with Freedom Mortgage.  This will allow you to be pre-approved at no cost or obligation.  Freedom Mortgage offers various loan products with competitive financing to fit all buyers. Contact Brett Van Nostrand at (800) 540-8838.

   

 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

This property is being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the properties is made by the Seller, 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 measurements and specifications of the properties.    Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the properties, 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 Sale.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation

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