Ditmas Park Co-op

BANKRUPTCY AUCTION SALE

Sells:  Thursday, August 17, 2023 @ 11:00 a.m. (EST)
Online Auction:  via Zoom (only qualified bidders will receive a link to participate in the Auction Sale)
Opening Bid:  $305,000
Bid Requirements: Deposit and Signed Terms and Condition of Sale must be delivered to MYC & Associates, Inc. prior to the Auction Sale.  
Required Deposit:  $30,500 in the form of a bank check made payable to "Robert J. Musso, Chapter 7 Trustee"

BANKRUPTCY SALE

Bring your contractor for the rare opportunity to design and renovate this extraordinary apartment so that it is YOUR home!  Renovations are needed for this peaceful, quiet and tranquil one-bedroom unit located in the Hampshire Arms, a pre-war cooperative building. Upon entering you will pass through the oversized foyer which works great as a dining area or home office.  You will immediately notice high ceilings and extra large living room which can be partially opened to the kitchen to allow for a great flow and transference of light from the windowed kitchen. The huge bedroom has two exposures and can easily fit a king sized bed.  The apartment has an abundance of storage space with five (5) spacious closets.  This pet-friendly building has a high owner-occupancy rate and solid financials.  There is a live-in superintendent, two (2) laundry rooms and additional personal and bike storage.  Ideally located close to the Newkirk Avenue B and Q trains, Newkirk's commercial strip including Coffee Mob, Milk and Honey, and Ox Cart, as well as other established businesses.  A short walk to Cortelyou Road and a gorgeous walk or bike ride to Prospect Park.  Overall, a great value in a solid, well maintained building with a low maintenance!

TERMS AND CONDITIONS OF SALE

Please see the 'DOWNLOADS' section of this listing for the Term and Conditions of Sale.  The co-op will be sold in "as-is", "where-is" condition and free and clear of all liens.  Purchaser pays applicable transfer and flip (1%) taxes.  The co-op will be delivered vacant at closing.  Any sale is subject to Bankruptcy Court approval and Board approval.

DISCLOSURE

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 herein is subject to errors and omissions. The subject co-op may be sold or withdrawn from the market without notice.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.