SELLS TUESDAY, SEPTEMBER 13, 2011 AT 11:00AM AT 134-07 ROCKAWAY BLVD., SOUTH OZONE PARK, NEW YORK 11420

PRIME COMMERCIAL PROPERTY

134-07 ROCKAWAY BLVD., SOUTH OZONE PARK, NEW YORK 11420: BUROUGH, BLOCK & LOT: QUEENS (4), 11701, 0007, ANNUAL TAXES (2011): $2,949.84

THIS DESIRABLE COMPLETELY RENOVATED PROPERTY CONSISTS OF 1,140S.F. OF RETAIL ON GROUND FLOOR (CURRENTLY TURNKEY PIZZERIA/RESTAURANT) & 1,140S.F. ON 2ND FLOOR CONSISTING OF: (1) 2-BEDROOM APARTMENT & (1) 1-BEDROOM APARTMENT. PREVIOUS/PROJECTED NOI = $47,300.00

INSPECTION: BY APPOINTMENT & 10:00AM DAY OF SALE

Terms & Conditions of Sale:   Property will be sold free & clear of all liens, claims and encumbrances. In order to register to bid, all prospective bidders must present a certified check in the amount of $50,000. made payable to "American ALA, Inc."  Closing must occur within 45 days after the auction. Successful Bidder shall be granted a 30-day extension to close if he/she posts an additional non-refundable 10% deposit. Subject to sale prior to auction as pre-auction offers will be considered. Please download the complete Terms and Conditions of Sale. 

Buyer's Premium:  A seven and one half percent percent (7.5%) Buyer's Premium will be added to the successful bidder's high bid to determine the contract price to be paid by the purchaser.

Buyer Broker Participation:  A two percent (2%) commission will be paid to any properly licensed Buyer Broker who registers a successful buyer in accordance with the Buyer Broker guidelines.  Please download the Broker Participation form for details.

516/631.777.7295 / 800.837.0447 / www.AmericanAssetsOnline.com

MEMBER NAA, NYSAA, ABI, CAGA

This property is being sold on an "AS IS, WHERE IS" basis, and no warranty or representation, either expressed or implied, concerning the property is made by the Seller, Auction Company or any of their Agents. The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third party sources and has not been independently verified.  It is the responsibility of the Buyer and/or Buyer's Broker to determine the accuracy of all measurements and specifications of the property. Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the property, including without limitation, environmental and physical condition of the property.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction Sale.

Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.