Bankruptcy Auction Sale of Astoria Mixed-Use

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Address: 23-52 31st St, Astoria, NY 11105, USA

New York & Tri-State + Apartment Buildings

Created date: November 11, 2024

Date last updated: November 11, 2024

3-52 31st Street, Astoria, NY 11105 (“Real Property”) sells via auction on Tuesday, December 3, 2024 at 11:00 a.m. (EST) (“Auction Sale”). 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 opening bid for the Real Property at the Auction Sale will be $1,700,000. The Auction Sale will be conducted online using the Zoom platform. To be eligible to participate at the Auction Sale, by 5:00 p.m. on Monday, December 2, 2024, all bidders must have tendered to MYC & Associates, Inc. the required deposit, signed Terms and Conditions of Sale, and the completed Registration Form, which are all available upon request. The required deposit is $170,000 and must be in the form of a bank check made payable to “Gary O. Ravert, as Escrowee”. 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. All information herein is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein 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 The subject property may be sold or withdrawn from the market without notice.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.

Property Description

The Real Property is a 25' X 100' lot improved by a mixed-use building that is defined by four (4) residential units and one (1) commercial unit on the ground floor. Each residential unit is defined by two (2) bedrooms and one (1) bath. The subject property may be sold or withdrawn from the market without notice.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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Key Property Information

Listing Status:	Available
Listing Type:	Auction
Property Types:	Apartment Buildings
Price:	$1,700,000
No. of Units:	3
Year Built:	1931
Building Size:	4,025 Sq ft
Lot Size:	2,500.00 Sq ft
No. of Stories:	3
APN:	00842-0028
Zoning Code:	C4-3
Opportunity Zone:	No
Price per unit:	$566,667
Parking Spaces:	1
Property Website	Click Here