UCC Foreclosure Auction – 45 East 66th Street, PHAB, New York, New York
CENTRAL ISLIP, NY, Jan. 18, 2022 (SEND2PRESS NEWSWIRE) — Maltz Auctions, a leading full-service auction company serving the continental United States and the Caribbean, has announced that it will auction 1835 shares of the registered capital of 45 East 66th Owners Corp. and at 45 East 66th Street, PHAB, New York, New York, on Wednesday, March 2, 2022, at 9:30 a.m., in person at the offices of Pryor Cashman LLP, located at 7 Times Square, New York, NY, and online via the Maltz Auction website https://remotebidding.maltzauctions.com/.
“The penthouse has been widely described and photographed by others as recently as October 2021,” Maltz Chairman and CEO Richard Maltz said. “They said it is an open-concept duplex residence offering approximately 4,020 square feet of living space surrounded by 3,455 square feet of recessed terraces, ideal for entertaining. It features 4-5 well-proportioned bedrooms, 4.5 luxurious bathrooms, a corner living room with a large skylight, a huge dining room, a dream kitchen with a separate breakfast area, all surrounded of a wall of glass, filling the space with natural light. . There is also a laundry room, media room or den, and workstation.
“Features include multi-zone central air conditioning, soundproof architectural floors, private water pumps and upgraded power supply. There is a private elevator landing leading to a windowed entrance hall, a large corner living room with a large skylight and glass walls with access to a terrace, an enormous dining room, a powder room and a kitchen, with a separate breakfast room. There are three bedrooms, a media room, four bathrooms, three of which are ensuites, and a laundry/laundry room.
“There is also a spacious working lounge under the cantilevered staircase that leads to the upper level. Dedicated to the master suite, the upper level has an inviting glazed lounge area, flanked by the master bedroom ‘corner with dressing room and access to a terrace.Of course, since access has not been available and we have gleaned information from online sources, the description is not represented as being accurate.
*PLEASE NOTE that, pursuant to applicable provisions of the New York State Uniform Commercial Code (the “Code”), including without limitation Sections 9-604(e) and 9-610( a) of the Code, Rock Harbor Capital, LLC, a Delaware Limited Liability Company (“Secured Party”), by Richard B. Maltz, DCA # 1240836 or David A. Constantino, DCA # 1424944 (“Auctioneer”) , will offer at public auction, these 1,835 shares of the capital stock of 45 East 66th Owners Corp. issued to David J. Mitchell (“Borrower”) and attached at 45 East 66th Street, PHAB, New York, New York 10065 (the “Shares”), and the related exclusive lease dated July 24, 2013 between the Borrower and 45 East 66th Owners Corp. (the “Lease” and, together with the Shares, collectively, the “Guarantee”). The public auction will be held in person at the offices of Pryor Cashman LLP, 7 Times Square, New York, New York and online by desktop auction at RemoteBidding.MaltzAuctions.com on March 2, 2022 at 9:30 a.m. East ) (the “Sale Date”). All bidders must pre-register through Maltz Auction’s online bidding app (Maltz Auctions), available for download through the App Store or Google Play, by March 1, 2022 at 9:30 a.m. EST ). Any bidder intending to appear in person at the offices of Pryor Cashman LLP (the “Offices”) should also contact Marie P. Hofsdal, Esq. by email to mhofs[email protected], no later than March 1, 2021 at 9:30 a.m. (Eastern Time) to obtain access to the Offices. Additionally, all bidders who intend to appear in person must be prepared to show government-issued identification and may be required to follow certain COVID protocols then in effect, including completing a health check, provide proof of vaccination and wear a mask inside the offices.
*Warranty is offered as a single lot, “as is, where is”, without any express or implied warranties, representations, statements or conditions of any kind made by the guaranteed party or any person acting for or in the name of the Guarantor, without any recourse of any kind whatsoever against the Guarantor or any other person acting in the name or on behalf of the Guarantor. The Secured Party reserves the right to credit any bid, set a minimum reserve price, reject any or all bids (including, without limitation, any bid it deems to have been made by a bidder who is unable to satisfy any requirements imposed by the secured party on prospective bidders in connection with the sale or on whom, in the sole judgment of the secured creditor, a sale cannot lawfully be made) and terminate or adjourn the sale at another time, without further notice. Further information regarding the warranty, the conditions for obtaining information and the terms of bidding and selling the warranty may be obtained from the auctioneer of Maltz Auctions, 39 Windsor Place, Central Islip, NY 11722, 516-349-7022, [email protected]
* The guaranteed party reserves the right, at or before the time of sale, to withdraw all or part of the guarantee from the sale for any reason, to modify, cancel or amend the terms or conditions of sale and, if the Secured Party deems it appropriate, to reject any or all Offers or to continue the sale at such time and place as the Secured Party, in its sole and absolute discretion, may deem appropriate, or cancel this sale. Additional or amended terms and conditions may be announced before or on the date of sale, or on any extended date of sale.
* NEITHER THE GUARANTEE NOR ANY COMPONENT OF IT HAS BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OR APPLICABLE SECURITIES LAWS. THE WARRANTY IS PURCHASED AS AN INVESTMENT FOR THE OWN ACCOUNT OF THE SELECTED OFFEROR AND NOT FOR THE SALE OR DISTRIBUTION OF IT OR ANY COMPONENT THEREOF.
Data Room/Terms and Conditions/NDA:
Potential bidders will be granted access to the data room and terms and conditions of sale upon signing and delivering a non-disclosure agreement in the form available at https://maltzauctions.com/app /uploads/2022/01/UCC-NDA.pdf (“NDA”). Signed confidentiality agreements should be emailed to [email protected]
Pre-registration deadline: Tuesday, March 1, 2022, at 9:30 a.m.
Date and time of the auction: Wednesday, March 2, 2022, at 9:30 a.m.
*Maltz Auctions, Inc. d/b/a Maltz Auctions acts as Marketing Agent Richard B. Maltz, Licensed Real Estate Broker Richard B. Maltz, Auctioneer DCA# 1240836 David A. Constantino, Auctioneer DCA# 1424944
KGG Enterprises, LLC
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NEWS SOURCE: Maltz Auctions
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