329 E. 118th Street ("Real Property") will sell via auction on May 7, 2025, at 11:00 a.m. (EST) ("Auction Sale"), at the office of Tarter Krinsky & Drogin LLP, 1350 Broadway, 11th Floor, New York, New York 10018. The opening bids for the Real Property at the Auction Sale will be $1,000,000 if the seller delivers the Real Property subject to all occupancies or $1,125,000 if the seller delivers the Real Property vacant and free of all tenancies and occupancies. The seller of the Real Property is a Chapter 7 bankruptcy trustee. Only those who qualify to bid in accordance with the Bid Procedures, will be permitted to participate and bid on the Real Property at the Auction Sale. The Real Property is a 1,682 square foot lot improved by a semi-detached, multi-family residence that is currently composed of (4) units. Zoned R7A, the Real Property also presents a redevelopment opportunity for a multi-family residence that may possible be defined by 6,728 square feet. This East Harlem Brownstone is ideally located on East 118th between 1st and 2nd Avenues. This building is composed of three (3) - two (2) bedroom units, and one (1) - three (3) bedroom unit which is located on the ground floor. This is a non-contingent sale of real property and said property will be sold in "as-is, where-is" condition, free and clear of any and all liens, claims and encumbrances. The property will be delivered subject to all occupancies. Any sale will be subject to Bankruptcy Court approval. 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 The subject real property herein may be sold or withdrawn from the market without notice.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.
