Description
AUCTION TO BE HELD AT 12PM ON TUESDAY, NOVEMBER 29, 2016. REGISTRATION STARTS AT 11:30AM. LOCATION: OFFICES OF MEISTER, SEELING & FEIN, 125 PARK AVENUE, 7TH FLOOR NEW YORK, NY 10017.
4 Prime Manhattan Locations. Successful Coffee Shops. Formerly operated as Filicori & Espresso Matto. Closed by Sheriff due to legal dispute. Great high traffic locations. All established locations. Bid on any one individually or as part of a package. Key Money Sales: Lease+ Some FFE+Goodwill. Tenant gets credit for lease deposit amounts.
(i) One Broadway (Financial District) Est. 275 SF. Just opposite entrance to Court House and Bowling Green subway stop. Unique vaulted celing. 7 yrs/7 months left on lease. Current Rent: $5,304 p/m; $63,654 p/a. Lease will be current as of close. Security Deposit: $30k (Buyer to get credit)
(ii) 2541 Broadway (Upper West Side) Est. 950 SF. Windowed corner location just opposite 96th street Subway Station. 9 years/4 months left on lease. Current Rent: $16,250 p/m; $195,000 p/a. Lease will be current as of close. Security Deposit $50k (Buyer to get credit)
(iii) 42 East 46th Street (Roosevelt Hotel/Grand Central Station) Approximately 650 SF plus large storage space. 4 years/3 months left on lease. Current Rent: $8,694 p/m; $104,334 p/a. Lease will be current as of close. Security Deposit $39k (Buyer to get credit)
(iv) 201 West 21st Street (Chelsea) Est. 900 SF. Windowed corner location on 7th Avenue. 13 years/2 months left on lease. Current Rent: $12,875 p/m; $154,500 p/a. Lease current as of close. Security Deposit: $37.5k (Buyer to get credit)
Copies of Lease available for download in the "Documents" section of this web page listing.
In re espresso Dreams, LLC. Chapter 11 Case#: 1612749 (MEW) United States Bankruptcy Court Southern District of New York.
Documents
Auction Information
Property Information
* Requires confirmation of Online Agreement
Terms & Conditions
- Buyers Premium: NONE
- Closing: 3 days after auction
- Deposit Amount: $10,000 per Property to participate at the auction. Must be increased to 25% of auction day bid amount by 10:00 AM Wednesday Nov. 30th. Deposit in non-refundable, subject to Court Approval.
- Broker Co-op: NA
Inspection
Inspections are by appointment only at the times below.
Please contact Auction Advisors: Jsandel@AuctionAdvisors.com
INSPECTIONS TIMES:
Monday, Novemver 28, 2016.
(1) 9:00-9:30AM Broadway/95th Street location.
(2) 10:00-10:30 One Broadway location.
(3) 11:15-11;45 Chelsea location.
(4) 12:15-12:45 Roosevelt Hotel/Gran Central location
* APPOINTMENTS REQUIRED to ensure someone will be there.
Auction Information
Property Information
* Requires confirmation of Online Agreement
- Buyers Premium: NONE
- Closing: 3 days after auction
- Deposit Amount: $10,000 per Property to participate at the auction. Must be increased to 25% of auction day bid amount by 10:00 AM Wednesday Nov. 30th. Deposit in non-refundable, subject to Court Approval.
- Broker Co-op: NA
Inspections are by appointment only at the times below.
Please contact Auction Advisors: Jsandel@AuctionAdvisors.com
INSPECTIONS TIMES:
Monday, Novemver 28, 2016.
(1) 9:00-9:30AM Broadway/95th Street location.
(2) 10:00-10:30 One Broadway location.
(3) 11:15-11;45 Chelsea location.
(4) 12:15-12:45 Roosevelt Hotel/Gran Central location
* APPOINTMENTS REQUIRED to ensure someone will be there.