Bankruptcy Sale of Ditmas Park Co-op

This is a bankruptcy auction sale and the co-op sells on Thursday, August 17, 2023 @ 11:00 a.m. (EST). The auction sale will be conducted online via Zoom. Only qualified bidders will receive a link to participate in the auction sale. The opening bid for the co-op will be $305,000. To be eligible to bid, each bidder must deliver the required deposit and signed Terms and Condition of Sale to MYC & Associates, Inc. prior to the auction sale. The required deposit is $30,500 in the form of a bank check made payable to "Robert J. Musso, Chapter 7 Trustee". This co-op is being sold by MYC & Associates, Inc. on behalf of a Chapter 7 bankruptcy trustee. The co-op will be sold free and clear of any and all liens, claims and encumbrances. It will be sold vacant and in "as-is, where-is condition". Bring your contractor for the rare opportunity to design and renovate this extraordinary apartment so that it is YOUR home! Renovations are needed for this peaceful, quiet and tranquil one-bedroom unit located in the Hampshire Arms, a pre-war cooperative building. Upon entering you will pass through the oversized foyer which works great as a dining area or home office. You will immediately notice high ceilings and extra large living room which can be partially opened to the kitchen to allow for a great flow and transference of light from the windowed kitchen. The huge bedroom has two exposures and can easily fit a king sized bed. The apartment has an abundance of storage space with five (5) spacious closets. This pet-friendly building has a high owner-occupancy rate and solid financials. There is a live-in superintendent, two (2) laundry rooms and additional personal and bike storage. Ideally located close to the Newkirk Avenue B and Q trains, Newkirk's commercial strip including Coffee Mob, Milk and Honey, and Ox Cart, as well as other established businesses. A short walk to Cortelyou Road and a gorgeous walk or bike ride to Prospect Park. Overall, a great value in a solid, well maintained building with a low maintenance!