122 Bruce Avenue, Yonkers, NY 10705 - Westchester County

Immediate Sale Ordered via Public Auction

4 VACANT RESIDENTIAL LOTS: (3) 50' x 100' Lots / (1) 100' x 135' Lot

Live Off-Site Auction

* Begins: Thursday, November 15, 2012 at 11:00 AM EST

* Location: Four Points Sheraton Hotel, 333 South Service Road, Plainview, NY 11803

* Registration begins at 10:00 am.

* Inspection/Viewing: Vacant Land - Inspect Freely.

Development Opportunity

Details:

* 106-122 Bruce Avenue, Yonkers, NY 10705

* (4) Vacant Residential Lots

* Located in Rockledge Heights Section

* Section: 1 Block: 33 Lots: 70, 75, 77 & 79

106 Bruce Avenue:

* Section: 1 Block: 33 Lot: 79

* Lot Size: 5,000 Sq Ft (.11 Acres)

* Lot Dimensions: 50' x 100'

* Zoning Code: T

* Property Class: 311

* Site: RES 1

* Full Market Value as Assessed (2013): $83,582.00

* Annual Real Estate Taxes: $1,965.66 (City)

110 Bruce Avenue:

* Section: 1 Block: 33 Lot: 77

* Lot Size: 5,000 Sq Ft (.11 Acres)

* Lot Dimensions: 50' x 100'

* Zoning Code: T

* Property Class: 311

* Site: RES 1

* Full Market Value as Assessed (2013): $83,582.00

* Annual Real Estate Taxes: $1,965.66 (City)

114 Bruce Avenue:

* Section: 1 Block: 33 Lot: 75

* Lot Size: 5,000 Sq Ft (.11 Acres)

* Lot Dimensions: 50' x 100'

* Zoning Code: T

* Property Class: 311

* Site: RES 1

* Full Market Value as Assessed (2013): $83,582.00

* Annual Real Estate Taxes: $1,965.66 (City)

122 Bruce Avenue:

* Section: 1 Block: 33 Lot: 70

* Lot Size: 13,500 Sq Ft (.31 Acres)

* Lot Dimensions: 135' x 100'

* Zoning Code: S 50

* Property Class: 311

* Site: RES 1

* Potential for Zoning Variance to Build (2) Single Family Homes

* Full Market Value as Assessed (2013): $199,403.00

* Annual Real Estate Taxes: $4,684.90 (City)

Additional Information:

* Surrounded by Multi-Family Buildings - Variance Potential

* Total Market Value as Assessed (2013): $450,149

* $45,000 Opening Bid (90% OFF)

Terms & Conditions of Sale: Property will be sold free and clear of all liens, claims & encumbrances. In order to register to bid, all prospective bidders must present a certified check in the amount of $15,000 made payable to "David R. Maltz & Co., Inc.". Closing must occur within 45 days after the auction. Successful Bidder shall be granted a 30-day extension to close if he/she posts an additional non-refundable 10% deposit. Subject to sale prior to auction as pre-auction offers will be considered. Please download the complete Terms and Conditions of Sale.

Buyer's Premium: A ten percent (10%) Buyer's Premium will be added to the Successful Bidder's high bid to determine the contract price to be paid by the Successful Bidder.

Buyer Broker Participation: A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines. Please download the Broker Participation form for details.

David R. Maltz, Auctioneer DCA# 762794

Richard B. Maltz, Auctioneer DCA# 1240836

David A. Constantino, Auctioneer DCA# 1424944

Richard B Maltz, Licensed Real Estate Broker

Phone (516) 349-7022 Fax (516) 349-0105