NYC Real Estate Public Auction - Auction Updates

October 28, 2015 Public Auction Parcel Update

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Sold Parcel sold at auction.
Cancelled Sale of parcel cancelled.
Passed No bid received for parcel. “Passed” parcels are re-evaluated for future use.

Auction Updates:

Parcel No. 1 (2-2586-26)

The Economic Development Administration, United States of America ("EDA") is prepared to release the Property Management Agreement between The City of New York and EDA referenced in the brochure note pertaining to Parcel No. 1 on condition that the following use restriction be imposed on the property: In accordance with 13 CFR 314.10(e)(3), the owner of the Property shall not use, or allow the use of, the Property for inherently religious activities in violation of applicable Federal law or in violation of nondiscrimination requirements set forth in 13 CFR 302.20. This restriction shall run with the land, binding each owner of the Property for so long as such owner holds title, until such time as the building on the Property existing as of October 28, 2015, the date of this public auction, ceases to exist. The deed from the City transferring the Property will contain such restriction and also require such restriction be included in subsequent deeds.

Parcel No. 5 (4-10055-28)

Prospective purchasers are advised that a new inspection for viewing the interior of the building located on 146-39 105th Avenue in the Borough of Queens has been scheduled on Friday, October 23, 2015 from 11:00 am to 12:00 pm. During the previous inspection on October 14th, prospective purchasers were unable to view the interior of the building due to a door malfunction on the entrance of the property. Therefore, an inspection has been re-scheduled. Prospective purchasers should go directly to the building at the time scheduled, on Friday, October 23, 2015 from 11:00 am to 12:00 pm.

Parcel No. 1 (2-2586-26)

Prospective Purchasers are advised that in addition to the lease and sublease documents for the existing tenant and subtenant that are available for review, outstanding tenant default notices (if any) will also be available for review. Prospective Purchasers can contact DCAS, 1 Centre Street, 20th Floor North, New York, NY 10007, (212) 386-0614 to schedule an appointment to review these documents.