UCC Foreclosure Sale: 295 Madison Avenue
Property Description
Qualified Bidder Deadline: July 10, 2026
Auction Date: Friday, July 17, 2026, at 10:00am
PLEASE TAKE NOTICE that in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York (“NYUCC”), notice is hereby given that Abraham Talassazan (“Secured Party”), will sell certain collateral, including without limitation, all BSD Simcha 26 LLC’s (“Debtor”) membership interest in Tahor 26 LLC a Delaware limited liability company, (the “Company”) (with such membership interest defined as the “Membership Interests”) to the highest qualified bidder at a public sale in accordance with the NYUCC. The sale will take place at 10:00 a.m. prevailing Eastern Time on July 17, 2026, via Zoom. Remote log-in credentials will be provided to registered bidders upon request. Secured Party’s understanding, without making any representation, is that Debtor owns 100% of the membership interests of the Company, which owns 100% of the membership interests of Tahor 26 Mezzanine LLC, a Delaware limited liability company, which in turn owns 100% of the membership interests of Tahor 26 Owner LLC, a Delaware limited liability company, which owns a nineteen percent (19%) tenant-in-common interest in the real property commonly known as 295 Madison Avenue, New York, New York, Manhattan Block 1275 Lot 50. The Membership Interests will be sold to the highest Qualified Bidder, as that term is defined in the Terms of Sale attached to the Notice of Disposition of Collateral, dated June 16, 2026 (the “Notice of Disposition”); provided, however, that Secured Party reserves the right, in accordance with the NYUCC, to cancel the sale in its entirety or to adjourn the sale to a future date. The sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, Auctioneer, with an office at 299 Broadway, Suite 1601, New York, New York 10007. The Membership Interests will be sold as a block and will not be divided or sold in any lesser amounts. Interested parties that intend to bid on the Collateral should contact Secured Party’s broker, Greg Corbin, at Northgate Real Estate Group, (212) 369-1800 or [email protected], to receive the Terms of Sale (which are also attached to the Notice of Disposition) and bidding instructions. Upon execution of a Terms of Access and Non-Disclosure Agreement, in a form to be provided by Secured Party’s broker, additional documentation and information will be available. Interested parties that are not Qualified Bidders, as that term is defined in the Terms of Sale, will not be permitted to enter a bid.
Key Property Information
| Listing Status: | Sold |
|---|---|
| Listing Type: | Distressed sale |
| Building Size: | 301,128 Sq ft |
| Lot Size: | 0.32 Acres |
| Zoning Code: | C5-3, C5-2.5, MID |
| Opportunity Zone: | No |
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
2209 Philadelphia Avenue
Northern Cambria, Pennsylvania
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout