1,900+ SQ FT RETAIL BUILDING

Auction by: Maltz Auctions

Immediate Sale Directed

Prime Location in Busy Downtown Location

Live Off-Site Auction

Began: Thursday, August 16, 2018 at 11:00 AM EDT

Location: Maltz Auction Gallery, 39 Windsor Place, Islandia, NY 11722

Details

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Immediate Sale Directed via Public Auction

1,900+ Sq Ft Multi-Tenant Retail Building

Prime Downtown Location with Heavy Foot Traffic

Details:

  • 103 West Main Street, East Islip, NY 11730
  • 1,922 Sq Ft Building + Detached Storage Shed
  • 6,098 Sq Ft Lot
  • Private Parking in Rear for 8 Vehicles (Appx)
  • 52.5′ Frontage on West Main Street
  • Currently Configured as 3 Commercial Spaces
  • West Unit (946 Sq Ft):
  •    Currently Vacant & Delivered Vacant at Closing
  •    Previous Tenant Operated as Pizzeria
  •    Main Floor Area/Counter Space (Gas Fittings in Place for Pizza Ovens)
  •    Kitchen with Gas Fittings and Hood in Place
  •    Half Bath
  •    Office (Converted from Second Half Bath)
  • Center Unit (453 Sq Ft):
  •    Currently Occupied by Barber Shop   
  •    Main Floor Area
  •    Half Bath
  •    Storage Room
  •    Month to Month Tenant at $1,500/Month
  • East Unit (523 Sq Ft):
  •    Currently Vacant & Delivered Vacant at Closing
  •    Previous Tenant Operated an Art Gallery
  •    Main Floor Area
  •    Half Bath
  • Additional Information:
  • District: 500  Section: 372  Block: 1  Lot: 38.1
  • Detached Storage Shed
  • Fuel: Gas
  • Heat: Forced Hot Air
  • Central Air Conditioning Throughout
  • Hot Water Units: Gas
  • Individually Metered for Electric and Gas
  • Separate Hot Water Tanks for Each Unit
  • 1 Individually Controlled Thermostat Per Unit
  • Access to Rear Private Lot from All Units
  • Annual Real Estate Taxes: $17,146.78
  • $260,000 Opening Bid

 

Inspections/Viewings: Monday, August 6th from 2:00 pm – 4:00 pm Wednesday, August 15th from 11:00 am – 1:00 pm.

Auction Date & Time: Thursday, August 16, 2018, at 11:00 am.  Registration begins at 10:00 am.

Auction Location:  Auctioneer’s Gallery, 39 Windsor Place, Islandia, NY 11722.  Online & absentee bidding available with registration at least 48 business hours prior to the auction, please call for details. 

Terms & Conditions of Sale: Property will be sold free & clear of all monetary liens. In order to qualify to bid, in addition to other requirements, all prospective bidders must present a cashier’s check in the amount of $26,000 made payable to “Maltz Auctions”.  Within 48 hours following the auction, Successful Bidder must post a deposit in the total amount of 18% of the high bid.  Subject to sale prior to auction as pre-auction offers will be considered.  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.

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

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 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, 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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