Auction by: Maltz Auctions

Live Off-Site Auction

Began: Wednesday, September 25, 2019 at 11:00 AM EDT

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


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 Immediate Sale Directed via Public Auction

7,200+ Sq Ft Mixed-Use Building

Renovation Opportunity – Surrounded by Major Redevelopment Sites


  • 185-189 Warburton Avenue, Getty Square, Yonkers, NY 10701
  • 7,209 Sq Ft Mixed-Use Building
  • 8 Residential Units & 1 Commercial Unit
  • Requires Extensive Renovation
  • Tremendous Local Development/Redevelopment
  • Short Walk to Yonkers Downtown Waterfront and Metro North Station
  • 185 Warburton Avenue
  • Section: 2   Block: 2098   Lot: 18
  • Lot Size: 5,000 Sq Ft (50′ x 100′) 
  • Property Class: (411) Apartments
  • Zoning: CM (Commercial, Storage, Light Manufacturing)
  • 3-Story Multi-Family Building (4 – 2 BR Units)
  • 1 Unit at Ground Level
  • 3,120 Sq Ft Structure with River Views from Top Floor
  • Cellar Level (Utilities and Storage)
  • Small Backyard with Private Driveway
  • 189 Warburton Avenue
  • Section: 2   Block: 2098   Lot: 16
  • Lot Size: 5,000 Sq Ft (50′ x 100′) 
  • Property Class: (481) Downtown Row Type (with Common Wall)
  • Zoning: CM (Commercial, Storage, Light Manufacturing)
  • 2 Semi-Detached Structures (Interconnected at Basement Level)
  •   1) 3-Story Multi-Family Building (4 – 2 BR Units)
  •   2,559 Sq Ft Structure with River Views from Top Floor
  •   Total Renovation/Demolition Required
  •   Cellar Level (Utilities and Storage)
  •   2) 1,530 Sq Ft Commercial Space + Full Basement
  •   Gutted to the Studs
  •   200 Amp Service
  •   Fully Sprinklered Building
  • Notable Area Development/Future Development:
  • Directly Across from 188 Warburton at the Ridgeway (6-Story Residential Building)
  • 2 Tax Lots from Cottage Place Gardens Development Site
    • 70 Leed Certified Residential Row House Apartments
  • Across from the 6-Story 172 Warburton at the Ridgeway
    • 85 Residential Units with Enterprise Green Communities Certification
  • 4 Blocks to Palisades Point
    • (2) 25-Story Towers Consisting of 426 Residential Units with 8,700 Sq Ft of Retail/Professional Space
    • 670 Parking Spaces
    • 136,000 Sq Ft of Open Public Space Along the Hudson River
  • 2 Blocks to the Villas at Ridgeway
    • 2, 3 & 4 Bedroom Townhomes
  • .7 Miles to River Park Center 
    • Mixed-Use Residential, Commercial and Entertainment Complex
    • Initial Phase Includes 250 Residential Units & Minor League Baseball Stadium
  • Notable Area Retail & Entertainment:
  • 1/2 Mile to MTA Metro North Glenwood or Yonkers Station
  • 3 Miles to Yonkers Empire City Raceway and Casino by MGM Resorts
  • 4 Miles to Ridge Hill Mall: 
    • Featured Tenants Include: Apple Store, Dicks Sporting Goods, Lego Land Discovery Center, Lowes, Pandora, REI, Sephora, Starbucks, Subway, Verizon, Whole Foods and Many Others (Click Here for Full List)
  • Additional Information:
  • Flood Zone X
  • 2018 Combined Annual Real Estate Taxes:  $10,140
  • 2019 Combined Annual Real Estate Taxes: Coming Soon
  • Currently Vacant & Delivered Vacant at Closing
  • $800,000 Opening Bid


Inspection/Viewing: Thursdays, September 12th & 19th from 1:00 pm – 3:00 pm.

Auction Date & Time:  Wednesday, September 25, 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.  Online & absentee bidding available with registration at least 5 business days prior to the auction, please call for details. 

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 $80,000 made payable to “Maltz Auctions”.  Please download the complete Terms and 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.

Buyer 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
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 Seller 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 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.