Auction by: Maltz Auctions

Bankruptcy Auction

Beautiful Tree-Lined Street

Live Off-Site Auction

Began: Wednesday, November 13, 2019 at 11:00 AM EST

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


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

In re: 510 Halsey Corp. – Case # 18-22915 (RDD)

Two-Family Brownstone

Beautiful Tree-Lined Block



  • 510 Halsey Street, Bedford-Stuyvesant, Brooklyn, NY 11233
  • 2,900 Sq Ft Building
  • 900 Sq Ft Basement
  • 2,000 Sq Ft Lot (20′ x 100′)
  • 920 Sq Ft Building Footprint (20′ x 46′)
  • Borough: Brooklyn   Block: 1665   Lot: 25
  • Zoning: R6B
  • FAR: 2
  • Year Built: 1899
  • NYC Market value as Assessed (’19-’20): $1,651,000
  • Annual Real Estate Taxes: $3,672.56
  • Currently Occupied and will not be Delivered Vacant at Closing


Viewings: Access Unavailable.

Auction Date & Time: Wednesday, November 13, 2019 at 11:00 am.  Registration begins at 10:00 am.

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

Terms & Conditions of Sale: The Real Property will be sold free and clear of any and all interests including, but not limited to, monetary liens, claims and encumbrances.*  In order to register to bid, all prospective bidders must present a certified check or official bank check in the amount of $60,000 made payable to “Marianne T. O’Toole, as Chapter 7 Trustee”.  Please download the complete Terms & Conditions of Sale. 


Marianne T. O’Toole, Chapter 7 Trustee
LaMonica Herbst & Maniscalco, LLP, 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: (i) “AS IS” “WHERE IS”, “WITH ALL FAULTS,” without any representations, covenants, guarantees or warranties of any kind or nature whatsoever; (ii) free and clear of any and all interests including, but not limited to, monetary liens, claims and encumbrances (collectively, “Monetary Interests”), with all such Monetary Interests to attach to the proceeds from the sale of the Real Property with the same validity, force and effect, and in the same amount and priority as such Monetary Interests existed as of the date of the Order for relief, subject to any claims and defenses the Trustee may possess with respect thereto; and (iii) subject to, among other things: (a) any and all leases, tenancies or occupancy rights; (b) any state of facts that an accurate survey may show; (c) any state of facts a physical inspection may show; (d) any covenants, restrictions and easements of record; (e) any building or zoning ordinances or other applicable municipal regulations and violations thereof; and (f) environmental conditions. By delivering their respective deposits, all prospective 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 attorneys for the Trustee nor any of their collective representatives make 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 prospective 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 attorneys for the Trustee or any of their collective representatives. 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 all prospective bidders to determine the accuracy of all components of the sale and Real Property.  All prospective bidders are responsible for conducting their own independent inspections, investigations, inquiries, and due diligence concerning the Real Property, including without limitation, the environmental and physical condition of the Real 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.