3 BR HOME/REDEVELOP OPP

Auction by: Maltz Auctions

Immediate Sale Directed

Located in the Heart of Freeport’s Famed “Nautical Mile”

Live Off-Site Auction

Begins: Thursday, March 12, 2020 at 11:00 AM EDT

Location: Maltz Auction Gallery, Central Islip, NY 11722

Details

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Immediate Sale Directed

Single Family Home – Redevelopment Potential

Located in the Heart of Freeport’s Famed “Nautical Mile”

Prime Location, Situated in the Marine Commerce Zoning District – Redevelopment Possibilities!

 

Details:

  • 234 Woodcleft Avenue, Village of Freeport, NY 11520
  • 720 Sq Ft Cottage Style Home
  • 3 Bedrooms & 1 Bathroom
  • Private Driveway for 2 Vehicles
  • Located within the Heart of the Nautical Mile
  • Within the Marine Commerce Zoning District
  • Redevelopment Possibilities Include (not limited to):
  •     Office, Clubs, Hotels, Motels, Restaurant, Bar, Botels, Boat Sales & Repair, Marine/Fishing Supply, Storage Yard, Seafood Retail and many others
  •     1 Residential Unit Permitted with Commercial Building
  • Redevelopment Example: (For Informational/Comparison Purposes only, no Guarantees on Approvals)
  •     238 Woodcleft Avenue (2 Tax Lots South of Subject)
  •     3-Story Commercial Structure with Parking Garage
  •     Lot Size: 40′ x 90′  (3,600 Sq Ft) Same Lot Size as Subject Property within Marine Commerce District
  • Located in the Middle of the Nautical Mile’s Famed Dining, Retail & Nightlife
  • Drywall Repairs from Property Damage Incomplete (Ceiling on 1st Floor & General Drywall Repairs on 2nd Floor)
  • First Floor:
  •   Kitchen
  •   Bedroom
  •   Living Room
  •   Dining Room
  •   Mudroom w/ Utilities, Laundry & Rear Access
  • Second Floor:
  •   2 Bedrooms
  • Additional Information:
  • Section: 62  Block: 175  Lot: 343
  • Lot Dimensions: 40′ x 90′ (.0826 Acres)
  • School District # 9 (Freeport)
  • Gas-Fired Forced Hot Air Heat
  • Central Air Conditioning
  • Year Built: 1928
  • Annual Real Estate Taxes: $9,661.33 (Appx.) 
  • Currently Occupied and Delivered Vacant at Closing
  • $190,000 Opening Bid


Inspection/Viewing: TBA.

Auction Date & Time:  Thursday, March 12, 2020 at 11:00 am.  Registration commences at 10:00 am.

Auction Location: Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.

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 $19,000 made payable to “Maltz Auctions”.  Subject to sale prior to auction as pre-auction offers will be considered.  Please download the complete Terms of Sale.

Buyer’s Premium: An eight (8%) 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 Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

 

 Richard B. Maltz, Auctioneer DCA# 1240836
David Constantino, Auctioneer DCA# 1424944
 Richard B. Maltz, Licensed Real Estate Broker
Phone (516) 349-7022  Fax (516) 349-0105 

The 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 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 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 Property in making their bids. Neither Maltz, the seller, nor any of their collective representatives makes any representations or warranties with respect to the permissible uses of the Property including, but not limited to, the zoning of the Property.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Property and are not relying on any information provided by Maltz, the seller or their professionals.  The 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.

 

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