22K SQ FT BLDG, 2.3+ ACRES

Auction by: Maltz Auctions

Bankruptcy Auction

8,000 Gallon Diesel Tank – Only 4 Minutes to MacArthur Airport

Live On-Site Auction

Began: Tuesday, July 18, 2017 at 11:00 AM EDT

Location: 1600 Locust Avenue, Bohemia, NY 11716

Details

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

In Re: Schoolman Transportation System, Inc. aka Classic Coach – Case # 16-71172-ast

22,000 Sq Ft Building on 2.3+ Acres

8,000 Gallon Diesel Tank – 4 Minutes to MacArthur Airport

Details:

  • 1600 Locust Avenue, Bohemia, NY 11716
  • Prime Location 1,000′ South of Veterans Memorial Highway & 4 Minutes to MacArthur Airport
  • Previously Occupied by Bus Transportation Company, Utilized as Sales/Corporate Offices & Vehicle Maintenance and Storage Facility
  • 8,000 Gallon Diesel Tank (7,200 Working Capacity) Outside with Pump and Ward Shut Off System – SCDHS Tank No. 8
  • Building Information (22,000 Sq Ft):
  • Primary Office Space (Front of Building):
  •   3,000 Sq Ft
  •   6 Offices
  •   Conference Room
  •   Receptionist Area
  •   Waiting Area
  •   3 Half Bathrooms
  •   Sales Floor
  •   Kitchenette
  •   IT Room
  • Secondary Office Space (Rear of Building):
  •   1,500 Sq Ft
  •   4 Offices
  •   Main Office Floor
  •   Half Bathroom
  •   Private Entrance for Potential Sub-Rental Space
  • 17,500 Sq Ft Warehouse:
  •   2 Automotive Pits
  •   2,000 Gallon Waste Oil Tank – SCDHS No. 14
  •   Bus Wash Plant with Equipment
  •   5 Overhead Bay Doors
  •   Small Maintenance/Shop Office
  •   14.5′ Ceiling Clearance
  • Additional Information:
  • Section: 171   Block:  1  Lot: 64
  • Lot Size: 2.37 Acres (103,225 Sq Ft) – Paved
  • Lot Dimensions: 233.7′ x 441.7′
  • Climate Controlled Offices
  • Warehouse Heated by Waste Oil Heater
  • Annual Real Estate Taxes: $76,104
  • The Following Items are Included with the Sale of the Real Property:
  • Generators, Interior Oil Tank, Oil Lines, Workstation Cubicles, Bus Wash Plant with Equipment, Lifts (Including all Equipment to Operate, i.e Compressors etc.), Waste Oil Tank, Heater(s), Air Compressors, Waste Oil Pump Tank and Large Diesel Tank in Yard.        
  • $2,750,000 Minimum Bid

 

Inspections/Viewings: Monday, July 10th & Friday, July 14th from 11:00 am – 1:00 pm each day (please bring a flashlight).

Auction Date & Time:  Tuesday, July 18, 2017 at 11:00 am.  Registration begins at 10:00 am.

Auction Location: On-location at 1600 Locust Avenue, Bohemia, NY 11716.

Terms & Conditions of Sale:  Property will be sold free and clear of all monetary liens.  A $2,750,000 bid has been received and accepted subject to higher bids at the auction.  In order to register to bid, all prospective bidders must present a cashiers check in the amount of $275,000 made payable to “Allan B. Mendelsohn, Chapter 7 Trustee”.   Please download the complete Bidding Procedures. 

 

 
Allan B. Mendelsohn, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, 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, the Attorney for 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, the Attorney for 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.

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