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Bankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light Intersection



Sale Type: For Sale

Price: contact us for details

Location: NYC

Bankruptcy Auction – United States Bankruptcy Court Southern District of New York
In Re: NARCO FREEDOM, INC. – Case # 16-10123-SMB
16,600+ Sq Ft Corner Building at Traffic Light Intersection

Community Facility: Housing/Office Space

Details:

2640-2652 Third Avenue, Bronx, NY 10454
Substance Abuse Inpatient Rehabilitation Center
Located in the Port Morris Section of the Bronx
16,656 Sq Ft Building + Partial Basement
Elevator Building with Access to Each Floor & Mezzanines
First Floor:
4,164 Sq Ft
1 Executive Office
1 Executive Full Bathroom
3 Offices
2 Open Office Areas
3 Full Bathrooms
Second Floor:
4,164 Sq Ft
Common Area Room (Recreation Room)
6 Housing Rooms
2.5 Bathrooms
Shower Room with 4 Stalls
Third Floor:
4,164 Sq Ft
10 Housing Rooms
5 Full Bathrooms
Storage & Janitorial Closets
Fourth Floor:
4,164 Sq Ft
10 Housing Rooms
5 Full Bathrooms
Storage & Janitorial Closets
Basement:
Storage Room
Laundry Room
Boiler Room
Mechanical Room
Sprinkler Room
Electric/Gas Meter(s)
Additional Information:
Borough: Bronx Block: 2315 Lot: 30
R6 Zoning with C2-4 Commercial Overlay
4,164 Sq Ft Building Footprint
4,312 Sq Ft Lot (Irregular)
112.78′ Frontage on Third Avenue
17.46′ Frontage on East 142nd Street
Current Stated Land Use: Institutions and Public Facilities
Currently Under 420-C Tax Abatement ($0 Current Tax Obligations)
Annual Real Estate Taxes without Abatement: $88,415
Currently Occupied & Delivered Vacant at Closing
$3,350,000 Minimum Bid


Viewings: Mondays, May 16th & 23rd – Available by Appointment.

Auction Date & Time: Thursday, May 26th at 11:00 am. Registration begins at 10:00 am.

Auction Location: NY LaGuardia Airport Marriott Hotel, 102-05 Ditmars Boulevard, East Elmhurst, NY 11369. Online & absentee bidding available with registration at least 5 business days prior to auction, please call for details.

Terms & Conditions of Sale: Property will be sold free and clear of all monetary liens. The Trustee, through his Auctioneer, has received and accepted a $3,250,000 opening bid with the next acceptable bid to be in the minimum amount of $3,350,000. In order to register to bid, all prospective bidders must present a bank check in the amount of $325,000 made payable to “Alan Nisselson, Esq., as Chapter 7 Trustee”. Please download the complete Terms and Conditions of Sale.

Buyer’s Premium: A four (4%) 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.


Alan Nisselson, Chapter 7 Trustee
Windels Marx Lane & Mittendorf, LLP, Attorneys for the Chapter 7 Trustee
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 Trustee, the Attorney for the Trustee nor any of their collective representatives makes any representations or warrantees 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 Trustee, the Attorney for the Trustee, 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.

Bankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light Intersection

Posted by: Dave Balas (Private Seller) ,phone icon 212-564-4309   Posted on: 05/16/16 , Total Hits: 1042
Bankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light IntersectionBankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light IntersectionBankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light IntersectionBankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light IntersectionBankruptcy Auction Bronx NY 16,600+ Sq Ft Corner Building at Traffic Light Intersection

2640 Third Avenue, Bronx, NY 10454


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