5 BR HANDYMAN SPECIAL

Auction by: Maltz Auctions

Live Off-Site Auction

Began: Wednesday, July 17, 2019 at 2:00 PM EDT

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

In Re: Michael Mentore – Case # 18-44102 (cec)

3,000+ Sq Ft Detached Home

Currently in the Beginning Stages of a Total Gut/Renovation

Details:

  • 542 East 24th Street, Ditmas Park, Brooklyn, NY 11210
  • 5 Bedrooms & 3.5 Baths
  • Situated on a Magnificent Tree-Lined Street
  • 3,090 Sq Ft Single Family Home + Basement
  • 5,000 Sq Ft Lot Corner Lot (50′ x 100′)
  • 400 Sq Ft Garage and Long Private Driveway
  • 1st Floor:
  •    Kitchen
  •    Dining Room
  •    Living Room
  •    Half Bath
  •    Entry Foyer
  • 2nd Floor (Framed):
  •    Master Bedroom with Ensuite Bath and Large Walk-in Closet
  •    Additional Bedroom with Ensuite Bath and Walk-in Closet
  • 3rd Floor (Partially Framed):
  •    3 Additional Bedrooms
  •    1 Additional Full Bath
  • Basement (Unfinished):
  •   Utilities
  •   Storage
  • Additional Information:
  • Fuel: Gas
  • Heat: Hot Water (Boiler in Place)
  • 100 Amp Electrical Service
  • 1 Gas Meter & 1 Electric Meter
  • R3X Zoning District
  • 3 Blocks to Flatbush Avenue Retail/Restaurants
  • 5.5 Blocks to Flatbush Avenue MTA Subway Station (2 & 5 Trains)
  • 8 Blocks to Newkirk Avenue MTA Subway Station (B & Q Trains)
  • Borough: Brooklyn   Block: 5223  Lot: 1
  • Annual Real Estate Taxes: $7,634
  • Currently Vacant & Delivered Vacant at Closing 

 

Viewings: Mondays, July 8th & 15th from 10:00 am – 12:00 noon.

Auction Date & Time: Wednesday, July 17, 2019 at 2:00 pm.  Registration begins at 1:00 pm.

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

Terms & Conditions of Sale/Bidding Procedures: 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 $70,000 made payable to “Robert J. Musso., as Chapter 7 Trustee”.   Please download the complete Terms of Sale. 

Buyer’s Premium: A five (5%) 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 one (1%) commission will be paid (subject to court approval) 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.

  

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