CORNER DEVELOPMENT SITE

Auction by: Maltz Auctions

Foreclosure Auction – Postponed

34,000+ Sq Ft Buildable Corner Development Site

Details

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Foreclosure Auction

34,000+ Sq Ft Buildable Corner Development Site

Auction Postponed

 

Details:

  • 4202 Fort Hamilton Parkway, Borough Park, Brooklyn, NY 11219
  • Block: 5596   Lot: 41
  • BY VIRTUE OF DEFAULT under that certain Mortgage Note and Mortgage and Security Agreement dated December 18, 2017 (collectively, the “Mortgage Loan”) as secured by that certain Ownership Interests Pledge and Security Agreement (the “Pledge Agreement”) pledging the ownership interest (the “Pledged Interest”) as defined in the Pledge Agreement, duly executed on December 18, 2017, by Samuel Pfeiffer aka Shabsi Pfeiffer and Dina Krausz (individually and collectively the “Pledgor”), and in accordance with its rights as holder of the security, 4202 Fort Hamilton Debt LLC (the “Secured Party”) by virtue of possession of certain Share Certificates held in accordance with Article 8 of the Uniform Commercial Code (the “Code”) and by a UCC1 Filing Statements in favor of Secured Party all in accordance with Article 9 of the Code, Richard B. Maltz  (DCA # 1240836) and/or David A. Constantino (DCA# 1424944), Auctioneer, will conduct a public sale, consisting of the Pledged Interest (as set forth in Schedule A below), on January 30, 2020 at 10:30A.M.  at the office of Kriss & Feuerstein, located at 360 Lexington Avenue, Suite 1200, New York, New York in satisfaction of an indebtedness in the approximate amount of $13,184,718.56, including principal, interest on principal and reasonable fees and costs, plus default interest through January 30, 2020, subject to open charges and all additional costs, fees and disbursements permitted by law.  The Secured Party reserves the right to credit bid. 

                                                                                                SCHEDULE A

     

    Pledged Interest

    PLEDGOR

    Samuel Pfeiffer

    aka Shabsi Pfeiffer

    ISSUER

    4202 Partners LLC, a New York limited liability company

    INTERESTS PLEDGED

    25% membership interest

    The UCC1 was filed on December 19, 2017 with the Secretary of State of the State of New York under the Filing No. #201712190615434.

     

    PLEDGOR

    Dina Krausz

    ISSUER

    4202 Partners LLC, a New York limited liability company

    INTERESTS PLEDGED

    75% membership interest

    The UCC1 was filed on December 19, 2017 with the Secretary of State of the State of New York under the Filing No. #201712190615434.

     

 

 

Auction Date & Time: Auction Postponed.

Auction Location: KRISS & FEUERSTEIN LLP, 360 Lexington Avenue, Suite 1200, New York, NY.

Terms & Conditions of Sale:  See attached terms of sale for details.

 

KRISS & FEUERSTEIN LLP, Attorneys for the Secured Party
 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

*Maltz Auctions, Inc. Exclusively Acting in Capacity as Marketing Agent for Secured Party

These assets are being sold on an “AS IS, WHERE IS” basis, and no warranty or representation, either expressed or implied, concerning the asset is made by the Seller, Auction Company or any of their Agents. Maltz is acting exclusively as marketing agent for the Sellers.  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 and/or Buyer’s Broker to determine the accuracy of all components of the sale and asset.  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 asset.  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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