BEACHFRONT CO-OP

Auction by: Maltz Auctions

Live Off-Site Auction

Began: Monday, August 13, 2018 at 10:00 AM EDT

Location: Southampton Town Hall, 116 Hampton Road, Southampton, NY 11968

Details

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UCC Foreclosure Auction

1 Bedroom Beachfront Co-Op

Details:

  • 2166 Montauk Highway, Unit 54, “St. Tropez”, Amagansett, East Hampton, NY 11930
  • Development Known as “Sea Crest at Amagansett
  • 1 Bedroom
  • 1 Bathroom
  • 450 Sq Ft (Estimated)
  • 380 Shares of Stock Allocated to this Unit
  • Unpaid Principal Balance: $324,445.36, Plus Interest, Late Fees, Attorney Fees, Maintenance in Arrears and all other Advanced Charges. 

 

Inspections/Viewings:  Access Unavailable.

Auction Date & Time:  Monday, August 13, 2018 at 10:00 am.

Auction Location:  Southampton Town Hall, 116 Hampton Road, Southampton, NY 11968.

Terms & Conditions of Sale:  In order to register to bid, all prospective bidders must present a cashier’s check in an amount of ten percent (10%) of the bid price made payable to “Friedman Vartolo LLP, as Attorneys“.  Closing must occur within 30 days after the auction. Please download the Notice of Sale. 

Buyer’s Premium:  A ten percent (10%) 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 percent (2%) 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.

 

Friedman Vartolo LLP, Attorney for the Secured Party
 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

*Maltz Auctions, Inc. Exclusively Acting in Capacity as Marketing Agent for Secured Party

This asset is being sold on an “AS IS, WHERE IS” basis, with possession to be obtained by the purchaser, and no warranty or representation, either expressed or implied, concerning the asset 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 components of the sale and asset.    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 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.

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