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Neighbor News

DAVID R. MALTZ & CO TO AUCTION EXCLUSIVE KINGS POINT WATERFRONT DREAM LOT--Extremely Rare Property Offers 270-degree Water Views

Inspections/Viewings: Sunday, July 13th noon - 3pm & Thursday, July 17th 3-6pm.
Auction Date & Time:  Wednesday, July 23rd 7pm.  Registration begins at 6:30 pm.
Auction Location:  Inn at Great Neck, 30 Cutter Mill Road, Great Neck, NY 11021. Online/Absentee Bidding Available Upon Request (Prior Registration Required).
http://maltzauctions.com/auction_detail.php?id=230363

David R. Maltz & Co., Inc., a premier full-service auction company serving the New York metropolitan region, announced today that it will auction a spectacular 40,000-square-foot waterfront lot on which sits a seven-bedroom, 2.5 bath home. This exquisite property rests on a half-peninsula, boasts 395-foot frontage on Manhasset Bay and affords the opportunity to build an up to 8,000 sq ft home.  The live off-site pre-foreclosure auction is scheduled for Wednesday, July 23, 2014, at 7 p.m. at the Inn at Great Neck, 30 Cutter Mill Rd, Great Neck, New York.

The property features a 400-foot driveway that leads up to a 3,700-square-foot contemporary home, which boasts an additional 20,000 square feet of usable shoreline. With its 14-foot elevation, the home bore no flooding during Hurricane Sandy. The property is surrounded by multi-million dollar new construction and within distance to various houses of worship.

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“It is very rare for such a highly desirable waterfront property like this Kings Point half-peninsula to be sold at auction. The upcoming auction presents a wonderful opportunity for a bidder who wants to renovate as a vacation home or rebuild a large home to be in character with many surrounding properties ,” said Richard Maltz, the company’s vice president.

The Kings Point estate is just one of many properties – including luxury and commercial, distressed and non-distressed real estate – auctioned by David R. Maltz & Co., Inc. In addition to real estate, David R. Maltz & Co., Inc.  specializes in personal and intellectual property auctions. The company also offers expertise in liquidations, appraisals, brokered sales and real estate brokerage.

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“We are not only helping owners create liquidity from illiquid assets,” stated President, David Maltz. “We are also enabling buyers to bid on homes, cars, jewelry – even heavy equipment – that they might not otherwise afford,” said David R. Maltz.

To learn more about the Kings Point property, and about David R. Maltz & Co., Inc., including its twenty plus currently scheduled auctions, visit http://maltzauctions.com/auction_detail.php?id=230363

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