ABSOLUTE AUCTION No Minimum, No Reserve, Sells Regardless of Price!
Ended: 01/30/19 at 1:00 PM EST
COMMERCIAL REAL ESTATE AUCTION
Auctioneers Note: Good News! Seller has removed the reserve. Building now sells at Absolute Auction. No minimum, no reserve, selling regardless of price! This is a property with great potential, terrific location with high traffic.
Professional medical office building with three (3) structures. Strategic property location with easy access to I-84 and NYS Thruway via Route 9W. Main building is a Modernist style, four-unit complex with a stone, wood and stucco exterior. Tiled-two story atrium leads to four office units, two lower level offices approximately 1,000 square feet each, and two second floor offices approximately 1,500 square feet.
Detached 2,500 square feet office with private entrance off the second parking level.
Additional free standing, 1,092 sq ft two story garage located behind the main building with storage area on the second floor.
Built in 1979, rentable building area 8,504 square feet. Lot size 2.50+/- acres, 17 parking spaces. Municipal water and sewer. Zoned R1-O. Parcel ID# 334600-078-000-0003-029.000-0000.
Opportunity is knocking. Act now! 10% Buyer’s Premium.
Terms: $10,000 downpayment, bring up to 10% by 4PM Thursday, January 31st. Backup Bidder; Backup Bidder funds released Monday, February 4 once High Bidder is funded. Closing 60 Days. Time is of Essence.
It’s Easy to Bid!
Title & Liens: Property is sold with insurable title, free and clear of adverse liens or encumbrances at closing.
TERMS AND CONDITIONS OF BIDDING AND PURCHASE FOR NY REAL ESTATE AT ONLINE AUCTION
1. REGISTRATION. ALL BIDDERS ARE REQUIRED TO REGISTER PRIOR TO THE AUCTION AT WWW.AARBIDS.COM, COMPLETE AN ‘INTERNET BIDDING PACKET’, TENDER A DEPOSIT OF $10,000 IN CASH, WIRE TRANSFER OR GUARANTEED FUNDS MADE PAYABLE TO – ABSOLUTE AUCTIONS & REALTY, INC. AND DELIVER/MAIL TO ABSOLUTE AUCTION CENTER, 45 SOUTH AVE., P.O. BOX 1739, PLEASANT VALLEY, NY. IN THE EVENT OF A SUCCESSFUL BID, BIDDER APPROVES APPLYING SAID FUNDS TOWARD THE 10% BUYER’S PREMIUM DOWNPAYMENT. AUCTIONEER RESERVES THE RIGHT TO DECLINE REGISTRATION IF FORMS ARE NOT COMPLETED.
3. BUYER’S PREMIUM. 10% BUYERS PREMIUM SHALL BE ADDED TO THE TOP BID TO BECOME PART OF THE PURCHASE PRICE. BUYER’S PREMIUM DEFINITION: THE BUYER’S PREMIUM IS THAT PORTION OF THE COMMISSION(S) WHICH IS/ARE BEING PAID BY THE BUYER. IT IS CLEARLY UNDERSTOOD AND AGREED BY BOTH BUYER AND SELLER THAT THE AUCTIONEER AND BROKER REPRESENT THE SELLER ONLY. THE FULL BUYER’S PREMIUM IS DUE NO LATER THAN 4:00 PM ON THE NEXT BUSINESS DAY FOLLOWING THE AUCTION, THE SUCCESSFUL BIDDER SHALL DELIVER, BY WIRE TRANSFER, OR GUARANTEED FUNDS ACCEPTABLE TO AUCTIONEER/BROKER, THE BALANCE OF THE TEN PERCENT (10%) OF THE BID PRICE. SAID DOWNPAYMENT FUNDS SHALL BE PAYABLE TO ABSOLUTE AUCTIONS & REALTY AND DEPOSITED IN AN ACCOUNT DESIGNATED BY ABSOLUTE AUCTIONS & REALTY, FOR PRESERVATION OF SAID FUNDS. FAILURE TO FUND SAID DOWNPAYMENT SHALL CONSTITUTE IMMEDIATE DEFAULT BY THE HIGH BIDDER.
5. BACK UP BIDDER: THE BACK UP BIDDER AGREES THAT HIS/HER BID SHALL BE KEPT OPEN UNTIL SUCH TIME AS THE BUYER’S PREMIUM HAS BEEN PROVIDED TO AUCTIONEER/BROKER BY THE HIGH BIDDER. IN THE EVENT THE HIGH BIDDER FAILS TO PROVIDE THE BUYER’S PREMIUM, THE BACKUP BIDDER SHALL BECOME THE HIGH BIDDER AND SHALL BE OBLIGED TO PROVIDE THE FUNDS SET FORTH HEREIN, BY FOUR PM THE FOLLOWING BUSINESS DAY, UPON NOTIFICATION BY ANY MEANS THAT HE OR SHE IS NOW THE SUCCESSFUL BIDDER.
10. PRIVACY OF AUCTION. THE AUCTION IS A PRIVATELY CONDUCTED EVENT, NOT OPEN TO THE PUBLIC AND AS SUCH, AUCTIONEER/BROKER RESERVES THE RIGHT TO REFUSE ADMITTANCE TO ANY PERSON.