Spend today's lunch hour buying a luxe Battery Park City condo out of a bankruptcy auction

By Virginia K. Smith | September 10, 2015 - 8:59AM

You don't see this every day: A condo in the Visionaire, Battery Park City's luxe, LEED-certified building, is up for auction by order of the U.S. Bankruptcy Court, according to a release sent out yesterday. Maltz Auctions is hosting the event for unit 21F, a two-bedroom, two-bath unit in the full-service, ultra-green project, today at 12 pm—registration begins at 11 am—at the office of the attorney for the trustee, Klestadt Winters Jureller Southard & Stevens, at 570 Seventh Avenue, on the 17th Floor.

While the company's president, Richard Maltz, tells us through a spokesperson that there's no firm starting bid for the apartment, a StreetEasy listing puts it at $1.5 million (a comparative bargain for the building, where the next cheapest two-bedroom just went into contract for $2.095 million). Common charges are $1,671/month and taxes, $1,924/month. Bidders "must present a bank check for $150,000 made payable to to Gregory Messer, Esq., as Trustee," per the press release, in order to even receive a bid/paddle number—that way they know you're serious and not a looky-loo. If you find yourself doing a double-take that an apartment this high-end (and in a building where Leonardo DiCaprio is a rumored neighbor) has ended up in a bankruptcy auction, you're not wrong: Maltz tells us that this kind of property ended up at auction is fairly rare, and that their company only sees two or three such sales per year.

In other words, if you've got any interest at all in this auction, you might want to start making your way toward that attorney's office.


Curious about New York's foreclosure properties? Get the inside scoop

Stop calling Battery Park City 'sleepy,' because it's not

Is Battery Park City the most family friendly NYC 'hood?

Brick Underground articles occasionally include the expertise of, or information about, advertising partners when relevant to the story. We will never promote an advertiser's product without making the relationship clear to our readers.