3 NYC TAXI MEDALLIONS

Auction by: Maltz Auctions

Bank Directed Auction

$90,0000 Minimum Bids

Live Auction

Begins: Wednesday, January 29, 2020 at 2:00 PM EST

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

Details

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Bank Directed Auction

3 NYC Taxi Medallions

One & Two Medallion Packages

Details:

  • 3 New York City Taxi Medallions
  • Sold Fee & Clear of All Monetary Liens
  • Minimum Bids Only $90,000/Medallion
  •  
  • #1 & 2: Mini-Fleet Package
  • Medallion # 9M48
  • Medallion # 9M49
  • $180,000 Minimum Bid
  •  
  • #3:
  • Medallion # 1B76
  • $90,000 Minimum Bid

 

Auction Date & Time: Wednesday, January 29, 2020 at 2:00 pm.  Registration begins at 1:00 pm.

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

Terms & Conditions of Sale: Assets 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 $25,000/Medallion made payable to “Lazer, Aptheker, Rosella & Yedid, P.C. Escrow Account”.   A total deposit in the amount of twenty-five (25%) percent and the six (6%) percent buyer’s premium is required to be paid within 48 hours following the auction.  Please download the complete Terms & Conditions 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.

Buyer Broker Participation: A two (2%) percent commission will be paid to any properly licensed New York City Medallion Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

  

Lazer, Aptheker, Rosella & Yedid P.C.Attorneys for the Lender
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
 

 

By delivering their respective Offers and/or Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Medallions, 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 Medallions in making their bids. Neither Maltz, the Secured Party nor any of their collective representatives makes any representations or warranties with respect to the permissible uses, quantity or condition of the Medallions.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Medallions and are not relying on any information provided by Maltz, the Secured Party, 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 Medallions.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Medallions, including without limitation physical attributes of the Medallions.  All prospective bidders are urged to conduct their own due diligence prior to submitting an offer.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.

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