Auction by: Maltz Auctions

Live Off-Site Auction

Began: Wednesday, January 29, 2020 at 11:00 AM EST

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


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

In Re: 180 Atkins Ettzy LLC, – Case # 19-41160 (ESS)

Three Family Brownstone


  • 180 Atkins Avenue, East New York, Brooklyn, NY 11208
  • Three Family Building
  • Lot Size: 1,026 Sq Ft (19′ x 54′)
  • Building Footprint: 836 Sq Ft (19′ x 44′)
  • Monthly Rent Roll: $5,403
  • Annual Rent Roll: $64,836
  • 2 Blocks to Shepherds Avenue MTA Subway Station (A/C Line)
  • 2 Blocks to Sutter Avenue MTA Bus Stop (B14 Line)
  • 3 Blocks to Pitkin Avenue MTA Bus Stop (Q8 Line)
  • Garden Level Unit:
  •     2 Bedrooms
  •     1 Full Bath
  •     $1,515/Month
  • First Floor Unit:
  •     2 Bedrooms
  •     1 Full Bath
  •     Chefs Kitchen Grade Appliances
  •     $1,956/Month
  • Second Floor Unit:
  •     3 Bedrooms
  •     1 Full Bath
  •     Updated Kitchen
  •     $1,932/Month
  • Additional Information:
  • Borough: Brooklyn   Block: 4006  Lot: 33
  • Zoned R7A
  • Building Class: Walk-Up Apartments (C0)
  • Residential FAR: 4
  • FAR as Built: 1.63
  • Unused FAR: 2,432
  •    *FAR Information Derived from Property Shark, Verify as Part of Due-Diligence*
  • Year Built: 1910
  • NYC Market Value as Assessed: $744,000
  • Annual Real Estate Taxes: $1,923.52
  • Last Known Leases Available for Download
  • Currently Occupied and will not be Delivered Vacant at Closing


Viewings: Mondays, January 20 & 27, 2020 from 1:00 pm – 3:00 pm.

Auction Date & Time: Wednesday, January 29, 2020 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: 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 $50,000 made payable to “A.Y. Strauss Escrow Account”.   Please download the complete Terms 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.


A.Y. Strauss, Attorneys at Law, Attorneys for the Chapter 11 Debtor and Debtor In Possession
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 Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession 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 Chapter 11 Debtor & Debtor in Possession, the Attorney for the Chapter 11 Debtor & Debtor in Possession, 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.