2 NYC TAXI MEDALLIONS

Auction by: Maltz Auctions

Bank Directed Auction

$150,000 Bulk Opening Bid

Online Bidding Only

Begins: Tuesday, September 01, 2020 at 11:00 AM EDT

Ends: Thursday, September 03, 2020 at 11:00 AM EDT

Online Bidding Only

Begins: Thursday, September 03, 2020 at 10:59 AM EDT

Ends: Thursday, September 03, 2020 at 11:00 AM EDT

Details

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Bank Directed Auction

2 NYC Taxi Medallions

Mini Fleet – Bulk Sale Only

ONLINE-ONLY BIDDING  – CLICK HERE FOR ONLINE BIDDING

Bidding is available by computer or download of the Maltz Auctions App on the App Store or Google Play 

  Pre-Registration Required to Bid.  You Must send in signed Bid Procedures, signed Online Bidding Form and a deposit to be approved for bidding.  Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction). 

 

Details:

  • 2 New York City Taxi Medallions
  • Sold in Bulk-Only
  • Sold Fee & Clear of All Monetary Liens
  • Medallion # 9M48
  • Medallion # 9M49
  • $150,000 Opening Bid (Price is for Both Medallions)

 

Pre-Registration Required to Bid:  You Must send in signed Terms and Conditions of Sale, signed Online Bidding Form and a $50,000 deposit to be approved for bidding.  Acceptable forms of deposit are cashier’s check, postal money order, and wire transfer (funds must be received at least 24 hours prior to the scheduled end time of the auction or you may not be approved to bid prior to the conclusion of the auction).

Auction Date: Online Bidding will open Tuesday, September 1, 2020 at 11:00 am and is scheduled to close on Thursday, September 3, 2020 at 11:00 am.  Visit RemoteBidding.MaltzAuctions.com or download the Maltz Auctions App on the Apple Store or Google Play.

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 deliver a cashier’s check in the amount of $50,000 made payable to “Lazer, Aptheker, Rosella & Yedid, P.C. Escrow Account”, signed Terms & Conditions of Sale and signed Online Bidding Form to Maltz Auctions at 39 Windsor Place, Central Islip, NY 11722 twenty-four hours prior to the scheduled close of bidding.   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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