Spend today's lunch hour buying a luxe Battery Park City condo out of a bankruptcy auction
By Virginia K. Smith |September 10, 2015 - 8:59AM
You don't see this every day: A condo in the Visionaire, Battery Park City's luxe, LEED-certified building, is up for auction by order of the U.S. Bankruptcy Court, according to a release sent out yesterday. Maltz Auctions is hosting the event for unit 21F, a two-bedroom, two-bath unit in the full-service, ultra-green project, today at 12 pm—registration begins at 11 am—at the office of the attorney for the trustee, Klestadt Winters Jureller Southard & Stevens, at 570 Seventh Avenue, on the 17th Floor.
While the company's president, Richard Maltz, tells us through a spokesperson that there's no firm starting bid for the apartment, a StreetEasy listing puts it at $1.5 million (a comparative bargain for the building, where the next cheapest two-bedroom just went into contract for $2.095 million). Common charges are $1,671/month and taxes, $1,924/month. Bidders "must present a bank check for $150,000 made payable to to Gregory Messer, Esq., as Trustee," per the press release, in order to even receive a bid/paddle number—that way they know you're serious and not a looky-loo. If you find yourself doing a double-take that an apartment this high-end (and in a building where Leonardo DiCaprio is a rumored neighbor) has ended up in a bankruptcy auction, you're not wrong: Maltz tells us that this kind of property ended up at auction is fairly rare, and that their company only sees two or three such sales per year.
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