US Dept of the Treasury Seized Real Property Banner
Commercial Land
Seized Real Property in conjunction with HSI
5051-5055 Broadway, New York, New York 10034
5051-5055 Broadway, New York, New York 10034
ONLINE AUCTION
Online Auction Starts: Tuesday, August 4, 2020 at 11:00 am ET
Online Auction Ends: Tuesday, August 4, 2020 at 2:00 pm ET
Register to Bid: Follow the 3-step registration process below
Inspections: Visit during daylight hours. Bring a copy of the flyer to the lot.
Deposit: $100,000 Cashier's check payable to CWS Marketing Group, Inc
Download the Bid Deposit Form and mail with your deposit to qualify to bid.
Starting Bid: $500,000

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Utilities: Electricity, Gas, Water, Sewer
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2019 County Taxes: $33,333.80 ±
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County: New York
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Site Area: 7,500 ± sq. ft.
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Zoning: R7D/C2-4/Commercial Use
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Parcel No: 02243-0255
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Auction Flyer: Download here
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Sale Number: 20-66-126
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COMMERCIAL LAND Commercial land that is currently leased as a parking lot. The subject is 7,500 ± sq. ft. with a total of 31,500 ± sq. ft. with Air Rights. The property will be sold with the tenant in place with rental income of $5,800 a month. Note: The operating business and the car lifts on the premises are not included in the sale. Click here to view the occupancy agreement. Click here for aerial view 1. Click here for aerial view 2. Per the stated Terms of Sale, this property is sold AS IS WHERE IS WITH ALL FAULTS including any building violations for the building as a whole that may apply (including but not limited to fines and penalties). Click here to view list of COVID-19 requirements and precautions.

There is a 3-step registration process to bid on this property:
1. Create an account with CWS
and validate with credit card info (only required once).
2. Visit
auctions.cwsmarketing.com and click on "Register to bid" next to auction.
3.
Download the Bid Deposit Form and mail with your deposit check.
Form and check due no later than 5pm the last business day before the auction. View the "how to register" guide for online bidding.

Still have a question? Click here to email us. Please include the address of the property.