STATE-OF-THE-ART PIZZERIA

Auction by: Maltz Auctions

Bankruptcy Auction

Prime Location in Busy Shopping Center

Live On-Site Auction

Begins: Tuesday, September 17, 2019 at 2:30 PM EDT

Location: 210-35 26th Avenue, Bayside, Queens, NY 11360

Details

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

In Re: BAY TERRACE PLAZA, LLC  d/b/a ALLORA, d/b/a ALLORA ITALIAN KITCHEN & BAR, d/b/a ALLORA ITALIAN KITCHEN AND BAR
Case # 19-73115-reg

State-of-the-Art Pizzeria/Restaurant

Fully Equipped Opportunity in Busy Bayside Shopping Center

 

Details:

  • 210-35 26th Avenue, Bayside, NY 11360
  • Indoor/Outdoor Dining
  • 6,647 Sq Ft – 273 Patron (Indoor) Restaurant
  • Located within The Bay Terrace Shopping Center
  • Corner of Bell Blvd & 26th Street
  • Directly Next to AMC Multiplex Movie Theatre & Bay Terrace Center (Community Pool)
  • Free Public Parking
  • Dining Area:
  • Lavishly Decorated Dining Room
  • 250+ Total Seating Capacity
  • 20+ Seat Full Service Bar
  • 50 Seat Private Room
  • Open Pizza Kitchen w/ 2 Morelloforni Pizza Ovens
  • 11-Seat Pizza Bar
  • Glass Enclosed Wine Room
  • Fireplace
  • 2 Bathrooms
  • Separate Take-Out Area
  • Outdoor Dining Patio w/Seating for 100+ Patrons
  • Audio/Video Systems
  • Kitchen:
  • Complete Cook Line
    • Grill
    • Flat Top
    • Ranges
    • Fryers
    • Broilers
    • Hoods
  • Baker’s Ovens
  • Kettles
  • Prep Tables/Sinks
  • Refrigerators/Freezers
  • Walk-In Boxes
  • Ice Makers
  • Coffee Service
  • Slicing Machines
  • Dishwashing System
  • And Much, Much More…
  • Second Floor:
  • Storage
  • Liquor Cage
  • Dough Mixer
  • Walk-In Boxes
  • Freezers
  • Prep Tables
  • Pro Audio System
  • Beer/Soda Systems
  • Laundry
  • And Much More…
  • Additional Information:
  • Fully Stocked w/Tables, Chairs, Linens, Tableware, Glassware, Utensils, etc…
  • Fully Decorated w/Window Treatments, Lighting, Art & Decor. High-End Finishes Throughout
  • Lease Information:
  • Current Term Ends June 30, 2024
  • 3% Annual Escalations
  • (1) 5-Year Option from July 1, 2024 to June 31, 2029
  • Current Base Rent $31,240.61
  • Additional Rent Info Available Upon Request
  • Please Click Here to view Lease Information

  

Viewings: Available by Appointment upon Request.

Auction Date & Time: Tuesday, September 17, 2019 at 2:30 pm (Registration commences at 2:00 pm). 

Auction Location: 210-35 26th Avenue, Bayside, NY 11360.

Terms & Conditions of Sale: The Assets will be sold “AS-IS” and free and 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 “Allan B. Mendelsohn, Esq., as Chapter 7 Trustee”. A total deposit of 25% is required within 48 hours following the auction.  Please download the complete Terms and Conditions of Sale.

 

Allan B. Mendelsohn, Esq., Chapter 7 Trustee
Rosen & Kantrow, PLLC, 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 a bid 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.

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