Auction by: Maltz Auctions

Bankruptcy Sale – Seeking Offers

High-End Tuxedo Rental Business – 2 Turn-Key Locations


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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York
In Re: Coco Foods, Inc. – Case # 

Fully Equipped & Stocked Tuxedo Rental Store

Turn-Key Opportunity w/ Long-Term Lease


  • 104-108 Westbury Avenue, Carle Place, NY 11514

    • 1,842 Sq Ft Street-Level Retail Space w/ Parking

    • Located in Shopping Center on High-Traffic Intersection of Glen Cove Road & Westbury Avenue

    • Directly Next to Bridal Store

    • Fully Built-Out w/High-End Store Fixtures

    • 8 Years Remaining on Lease (Expires 2026)

    • Current Annual Base Rent (2017):  $49,777.80

    • Current Monthly Total Rent with Real Estate Taxes and Refuse Collection:  Approx. $5,982.38

    • Additional Rent Expenses: 

      • 23.71% of Annual Real Estate Taxes

      • CAM Charges 2.3%

      • 12.39% of Refuse Removal

  • Tenant Responsible for Utilities & HVAC Expenses

  • Fully Equipped & Stocked

    • Men’s Formal Wear: Coats, Pants, Vests, Shirts, Ties & Shoes

      • Estimated Inventory Counts:

      • 450+ Coats

      • 250+ Vests

      • 350+ Pants

      • 275+ Shirts

      • 200+ Pairs of Shoes

      • 1,500+ Ties

    • Men’s Accessories

    • High-End Displays, Furniture & Decor

    • Point-of-Sale System

    • Tailoring Machinery

    • Storage Racks

    • And Much More…



Robert L. Pryor, Esq., Chapter 7 Trustee
Pryor & Mandelup 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

These Assets are 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.  By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets and will rely solely on their own independent investigations and inspections of the Assets in making their bid.  The Attorney for the Chapter 7 Trustee, the Chapter 7 Trustee, the Auctioneer or their representatives do not guarantee the accuracy of any of the descriptions or any other information pertaining to the sale of this asset. 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.