Bankruptcy Auction Sale of Bed-Stuy Mixed-Use
114 Macon Street, Brooklyn, NY 11216 ("Real Property") is being sold by a bankruptcy trustee via online auction on Tuesday, June 18, 2024 @ 10:30 a.m. (EST) ("Auction Sale"). The opening bid for the Real Property at the Auction Sale is $500,000. To be eligible to participate in the Auction Sale, by Friday, June 14, 2024 @ 5:00 p.m. (EST), all bidders must have tendered to MYC & Associates, Inc. ("MYC" or the "Auctioneer") the required deposit, signed Terms and Conditions of Sale, and the completed Registration Form. The required deposit is $50,000 and must be in the form of a bank check made payable to "Debra Kramer as Trustee". Only those who qualify to bid on the Real Property in accordance with the Terms and Conditions of Sale will receive the Zoom Online Meeting Platform link to participate in the Auction Sale. The Real Property is composed of three (3) residential units, each defined by two (2) bedrooms and one (1) bath, which sit over three (3) retail units on the ground floor. The retail units all face Marcy Avenue which feeds directly into Fulton Street where commercial, retail, and transportation options abound. All residential units and one (1) retail unit will be delivered VACANT at closing. The Real Property will be sold free and clear of all liens, claims, and encumbrances and in "as-is, where-is" condition. This is an all-cash transaction meaning any sale of the Real Property is non-contingent upon financing. Any sale of the Real Property is also subject to bankruptcy court approval. The successful purchaser must pay all applicable transfer taxes and a buyer's premium of six percent (6%) which is calculated from the sales price. Disclosure ... All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.
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