Auction by: Maltz Auctions

Live Off-Site Auction

Began: Thursday, September 12, 2019 at 11:00 AM EDT

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


Click on any image to view larger.

Bankruptcy Auction – United States Bankruptcy Court Southern District of New York


4,000 Sq Ft Mixed-Use Brownstone

Renovation Opportunity


  • 239 Lenox Avenue, Central Harlem, Manhattan, NY 10027
  • 4,000 Sq Ft Corner Building
  • 4 Stories
  • Lot Size: 1,600 Sq Ft
  • Lot Dimensions: 20′ x 80′
  • Landmarked Building
  • Mount Morris Park Historic District
  • Residential Sq Ft: 3,600
  • Commercial Sq Ft: 400
  • Unfinished Cellar with Utilities/Storage
  • 6 Blocks to A, B, C & D Subway Line (125th Street Station)
  • 5 Blocks to Metro-North Railroad (Harlem-125th Street Station)
  • .5 Block to M7 & M102 Bus Lines
  • 1 Block to M1 & M2 Bus Lines
  • Additional Information:
  • Borough: Manhattan; Block: 1906; Lot: 36
  • Primary Zoning: R7-2
  • Building Class: (S5) Primarily Five to Six Family with  One Store or Office
  • Residential FAR: 3.44
  • FAR as Built: 2.50
  • Allowed Usable Floor Area: 5,504
  • Unused FAR: 1,504
  • Built 1910
  • 2 Gas Meters
  • 2 Electric Meters
  • Annual Real Estate Taxes: $14,870.44
  • Most Information was Compiled from Public Record. Please Complete Independent Due Diligence Prior to Submitting a Bid.
  • Property Appears/Believed to be Occupied by One Month-to-Month Residential Occupant and Potentially One Commercial Occupant. 


Viewings (Awaiting Confirmation of Access): Thursday, September 5th & Monday, September 9th from 12:30 pm – 2:30 pm.

Auction Date & Time:  Thursday, September 12, 2019 at 11:00 am.  Registration begins at 9:30 am.

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

Terms & Conditions of Sale: The Property will be sold “AS-IS” and free & clear of all monetary liens.  In order to register to bid, all prospective bidders must present a certified check in the amount of $100,000 made payable to Alan Nisselson, as Chapter 7 Trustee”.  Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A six (6%) 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.



Alan Nisselson, Chapter 7 Trustee
Windels Marx Lane & Mittendorf LLP, Attorneys for the Chapter 7 Trustee
 Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
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 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 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.