Public auction sale of cooperative apartment collateral due to lease default.
Official Courthouse Record · AI-summarized for clarity
What You Should Do Next
- 1
Prepare Funds for Bidding
Ensure you have a bank or certified check for 10% of your bid ready.
- 2
Attend the Auction
Join the auction on February 27, 2026, at 9:00 A.M. at the specified location.
- 3
Verify Funds
Show your funds to the auctioneer before bidding to be eligible to participate.
- 4
Contact for Clarifications
Reach out to Smith, Buss & Jacobs, LLP for any questions before the auction.
Frequently Asked Questions
- What is the date of the auction?
- The auction is scheduled for February 27, 2026, at 9:00 A.M.
- How can I participate in the auction?
- You must provide a bank or certified check for 10% of your bid amount.
- What happens if I win the auction?
- The balance of the successful bid is due within 45 days of the auction.
- Who can I contact for more information?
- Call Smith, Buss & Jacobs, LLP at (914) 476-0600 between 3:00 - 5:00 P.M.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
NOTICE OF PUBLIC AUCTION SALE OF COOPERATIVE APARTMENT COLLATERAL PLEASE TAKE NOTICE: BY VIRTUE OF A DEFAULT UNDER A CERTAIN PROPRIETARY LEASE (THE “LEASE”) BY AND BETWEEN LUIS MANUEL (THE “LESSEE”) AND SADORE LANE GARDENS INC. (THE “LESSOR”) COVERING UNIT Q (THE “APARTMENT”) LOCATED AT 4 SADORE LANE, YONKERS, NEW YORK 10710, WHICH DEFAULT RESULTED IN THE TERMINATION OF THE LEASE, MATTHEW D. MANNION, LICENSED AUCTIONEER (DCA#1434494) OR JOHN O’KEEFE (DCA#2103965), WILL SELL THE 124 SHARES OF STOCK OF THE LESSOR (THE “SHARES”) APPURTENANT TO THE APARTMENT AND ALL THE RIGHT, TITLE AND INTEREST IN AND TO THE LEASE AT PUBLIC AUCTION BEGINNING AT 9:00 A.M. ON FEBRUARY 27, 2026, AT THE OFFICES OF SMITH, BUSS & JACOBS, LLP AT 733 YONKERS AVENUE, SUITE 200, YONKERS, NEW YORK 10704. Apartment 1E, located at 4 SADORE LANE, YONKERS, NEW YORK 10710 and monthly maintenance $686.96. THIS SALE IS HELD TO ENFORCE THE RIGHTS OF THE LESSOR AS A HOLDER OF A SECURITY INTEREST IN THE SHARES AND LEASE HEREIN DESCRIBED BASED UPON THE NON-PAYMENT OF MAINTENANCE, LATE CHARGES, ADMINISTRATIVE AND LEGAL FEES. THE LESSOR RESERVES THE RIGHT TO BID/PURCHASE AND REJECT ALL BIDS TO THE EXTENT THAT THE AMOUNT BID FOR THE APARTMENT IS NOT GREATER THAN THE AMOUNT OF THE PAST DUE SUM OWING ON THE APARTMENT. THIS SALE IS SUBJECT TO THE APPROVAL OF THE SUCCESSFUL BIDDER BY THE BOARD OF DIRECTORS OF THE LESSOR. A BANK OR CERTIFIED CHECK OR MONEY ORDER, PAYABLE TO SMITH, BUSS & JACOBS, LLP, ESCROW AGENT, (NO ENDORSED CHECKS OR ENDORSED MONEY ORDERS WILL BE ACCEPTED) IN AN AMOUNT EQUAL TO TEN PERCENT (10%) OF THE SUCCESSFUL BID IS REQUIRED AT KNOCKDOWN TO PURCHASE THE APARTMENT. NO CASH WILL BE ACCEPTED. ALL FUNDS MUST BE EXHIBITED TO THE AUCTIONEER PRIOR TO THE COMMENCEMENT OF BIDDING. UNLESS PROPER FUNDS HAVE BEEN VERIFIED, YOU WILL NOT BE PERMITTED TO BID. THE BALANCE OF THE SUCCESSFUL BID IS PAYABLE AT CLOSING WHICH SHALL BE HELD WITHIN FORTY-FIVE (45) DAYS OF THE AUCTION DATE, TIME BEING OF THE ESSENCE. FOR TERMS AND CONDITIONS CALL, SMITH, BUSS & JACOBS, LLP AT (914) 476-0600 BETWEEN 3:00 - 5:00 P.M. 12037882