Auction by: Maltz Auctions

Live Off-Site Auction

Began: Wednesday, May 24, 2017 at 11:00 AM EDT

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


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


5 BR Home on Spectacular 3+ Acre Property

Renowned Syosset School District


  • 475 Berry Hill Road, Oyster Bay Cove, New York 11791
  • NOT Located on Berry Hill Road. Located at End of Private Road (Off Berry Hill Road), Last Home on the Right
  • 3.175 Acre Meticulously Manicured Property with Specimen Plantings
  • Renowned Syosset School District # 2
  • 5 Bedrooms
  • 5 Bathrooms
  • 2-Car Detached Garage
  • In-Ground Gunite Pool
  • Pool House
  • First Floor:
  • Gourmet Eat-in-Kitchen with Wood Burning Oven
  • High End Appliances in Kitchen (Wolf & Subzero)
  • Formal Dining with Fireplace
  • Living Room/Family Room
  • Library/Office with Fireplace
  • Entry Foyer
  • 1 Bedroom
  • 1 Full Bathroom
  • Second Floor:
  • Master Bedroom with Ensuite Bath and Walk-in Closet
  • 1 Additional Bedroom
  • 1 Additional Full Bathroom
  • Lower Level:
  • Bedroom with Cedar Closet
  • Bedroom with Full Bathroom and Private Exterior Access
  • Laundry Room
  • Storage Rooms
  • Utility Room
  • Additional Full Bathroom
  • Additional Information:
  • County: Nassau   Section: 25   Block: B   Lot: 459
  • Fuel: Oil
  • Heat: 11-Zones, Hot Air and Radiant Heat
  • 2-Zone Central Air Conditioning
  • Driveway Uplighting and Alert System
  • Water Main Shared from Neighbor’s Property & Bill Historically Split 50/50
  • Village Amenities/Benefits:
  •   Private Police Force
  •   Private Oyster Bay Cove Beach with Boat Launch
  •   Moorings (small fee)
  •   Access Privileges to Teddy Roosevelt Marina
  •   Preferred Parking at Syosset Train Station (annual fee)
  •   Private Refuse Collection from Garage Door
  • Annual Real Estate Taxes: $33,870.31 (Without STAR Exemption)
  • Annual Village Taxes: $3,244.44
  • Last Sold in 2013 for $1,625,000
  • Listed for Sale in 2016 Asking $1,899,000
  • $800,000 Opening Bid 


Inspections/Viewings: Thursdays, May 11th & 18th from 5:00 pm – 7:00 pm.

Auction Date & Time: Wednesday, May 24, 2017 at 11:00 am.  Registration commences at 9:30 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 & clear of all liens, claims and encumbrances.  In order to register to bid, all prospective bidders must present a certified check in the amount of $100,000 made payable to “Kenneth P. Silverman, Esq., as Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A five (5%) 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 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.



Kenneth P. Silverman, Esq., Chapter 7 Trustee
SilvermanAcampora, LLP, Attorneys for the Chapter 7 Trustee
 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 Trustee 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 Trustee, 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.