US Dept of the Treasury Seized Real Property Banner
Commercial Building
Seized Real Property in conjunction with ICE
35-37 East Broadway, New York, New York 10002
35-37 East Broadway, New York, New York 10002
Auction: Wednesday, March 19, 2014
Registration Starts: 11:30 a.m
Auction Starts: 12:00 noon
Auction Location: Held at the property site
Open House Dates: By appt only, March 12 and 18, 1-4 p.m. (see note below)
Deposit: $250,000 Cashier's check made payable to CWS Marketing Group, Inc
Opening/Starting Bid: Will be established at the auction
Minimum/Reserve Bid: For details, please click here

Cashier's checks made payable to bidder's name CANNOT be accepted

Utilities: Electricity, Gas, Water, Sewer
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Parcel No: Manhattan (1) - 280-42
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2012 County Taxes: $99,990.10 ±
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Year Built: 1910
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Zoning: C6-1G/Commercial District
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Total Improved Area: 24,150 ± sq. ft.
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Total Site Area: 4,600 ± sq. ft.
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County: New York
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Sale Number: 14-66-108
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COMMERCIAL BUILDING 6-story building with retail and office space located in Chinatown. The building has an elevator and a 4,600 ± sq. ft. basement. Approx 40% of the building is tenant occupied. Rental income is currently $42,689 per month. The 3rd and 6th floors are vacant, as are 4 office units on the 5th floor. Half of the 4th floor and the store front at 37 E. Broadway are also vacant. SPECIAL CONDITION: Building will be sold with tenant leases in place. All leases are month-to month and utilities are paid by landlord except for the store front at 35 E. Broadway which pays 20% of the water/sewer bill. Click here to download utility bills pdf icon. Further lease information can be viewed during appointments or click here to download the leases pdf icon. Click here to download the sample contract pdf icon.

Directions to Sale Property: From La Guardia Airport take Grand Central Pkwy. Take exit 4 for Interstate 278 W/Brooklyn-Queens Expressway W toward Staten Island. Merge onto Brooklyn Queens Expy E. Continue onto I-278 W/ Brooklyn Queens Expy. Take exit 32A on the left toward Williamsburg Bridge. Merge onto Williamsburg Bridge. Slight right to stay on Williamsburg Bridge. Continue onto Delancey Street. Turn Left onto Allen Street. Keep left to stay on Allen Street. Continue onto Pike Street. Turn Right onto East Broadway.
Building will be on the right.

NOTE: Send proof of funds of $5 million or bank letter of credit to mlewis@cwsams.com for an appointment. Appointments will only be scheduled on March 12 and 18, 1-4 p.m.

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