Auction by: Maltz Auctions

Bankruptcy Sale – Seeking Offers

Busy Shopping/Commuter District


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Bankruptcy Sale – United States Bankruptcy Court Eastern District of New York

In Re: JREL CAPITAL, LTD. – Case # 19-74077-reg

Turn-Key Laundromat

Busy Shopping/Commuter District


  • 86A North Village Avenue, Rockville Centre, NY 11570
  • 1,085 Sq Ft Laundromat
  • 18 Coin-Operated Commercial Washing Machines
  • 18 Coin-Operated Commercial Dryers
  • Direct Access to Municipal Parking Lot Behind Building through Rear Entrance
  • Additional Municipal Parking Directly Next to Strip Center & On-Street
    • Parking is Unmetered for Village Residents, Commuters & Employees w/Permit
  • One Block to LIRR Rockville Centre Train Station
    • Ideal for “Commuter Drop-Off Service”
  • Additional Information:
  • Current Monthly Base Rent: $3,090.00 (June 1, 2019 – May 31, 2020) with 3% Annual Base Rent Escalations 
  • Lease Expires May 31, 2025


Seeking Offers for Immediate Sale

Robert L. Pryor, Esq., Chapter 7 Trustee
Pryor & Mandelup L.L.P., 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 Assets are 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. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets, the Bid Procedures and Terms & Conditions of Sale, and will rely solely thereon and on their own independent investigations and inspections of the Assets, the Bid Procedures and the Terms & Conditions of Sale, in making their bids. Neither Maltz, the Seller, nor any of their collective representatives make any representations or warrantees with respect to the permissible uses or condition of the Assets.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Assets and are not relying on any information provided by Maltz, the Seller, or their professionals.  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 Assets.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Assets.  All prospective bidders are urged to conduct their own due diligence prior to submitting an offer or participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.