TWO FAMILY BROWNSTONE

Auction by: Maltz Auctions

Bankruptcy Auction

Extensive Repairs Required

Live Off-Site Auction

Begins: Thursday, January 24, 2019 at 11:00 AM EST

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

Details

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Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York (Brooklyn)

In Re: Rosalind Morris a/k/a Rosalind M. Morris – Case # 17-46044- nhl

Two Family Brownstone

Bedford Historic District

 Details:

  • 257 Hancock Street, Bedford-Stuyvesant, Brooklyn, NY 11216
  • Building Sustained Fire Damage – Extensive Repairs Required
  • 2,800 Sq Ft Brick Building (20′ x 45′ Footprint)
  • Full Basement (900 Sq Ft)
  • 2,000 Sq Ft Lot (20′ x 100′)
  • 1 Block to B26 Bus
  • 2 Blocks to B43, B44 Bus
  • 1/4 Mile to MTA A/C Subway Lines
  • 1/3 Mile to LIRR Nostrand Ave Station
  • Additional Information:
  • Borough: Brooklyn; Block: 1834; Lot: 66
  • Year Built: 1899
  • Zoning: R6B General Residence District
  • FAR: 2.0
  • Unused FAR: 1,200 Sq Ft
  • Annual Real Estate Taxes: $4,261
  • NYC Market Value as Assessed (’18-’19): $1,625,000
  • Currently Vacant & Delivered Vacant at Closing

 

Viewings: Extensive Fire Damage – Access Unavailable.

Auction Date & Time: Thursday, January 24, 2019 at 11:00 am.  Registration begins at 9:30 am.

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

Terms & Conditions of Sale: Property will be sold free and clear of all monetary liens.  In order to register to bid, all prospective bidders must present a cashier’s check in the amount of $__,000 made payable to “Robert J. Musso, Chapter 7 Trustee”.  Please download the complete Bidding Procedures. 

Buyer’s Premium: A five percent (5%) 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.

 

Robert J. Musso, Chapter 7 Trustee
Rosenberg, Musso & Weiner, 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 warranties 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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