40-36 77th Street, Elmhurst, NY 11373 (“Real Property”), a fourteen (14) unit lodge / hostel located in the highly desirable Elmhurst section of Queens, NY, will sell via auction on Thursday, March 6, 2025 @ 11:00 AM (EST) ("Auction Sale"). The Auction Sale will take place online via Zoom Meeting Platform. The opening bid for the Real Property at the Auction Sale will be $1,575,000. Only bidders who qualify to bid on the Real Property in accordance with the attached Bidding Procedures (Terms and Conditions of Sale), will receive the Zoom link for the Auction Sale. In summary, to qualify to bid, any bidder must tender to MYC & Associates, Inc. the completed Auction Registration Form, signed Bidding Procedures (Terms and Conditions of Sale), and the requisite deposit which must be in the form of a bank or cashier's check in the amount of $161,000 made payable to “Debra Kramer, as Chapter 7 Trustee”. The requisite deposit, completed Auction Registration Form, and completed Bidding Procedures must be received by MYC & Associates, Inc. by 5:00 p.m. (EST) on March 4, 2025. All units are spread over three (3) floors with each unit containing its own bathroom. A shared laundry room and additional sleeping quarters are located in the basement which is also used as additional storage. Zoned R6B, the property also presents a redevelopment opportunity of +/-8,000 SF. As-is, there is a projected NOI of $230,449. Disclaimer ... All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information herein is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.