Brzostek Real Estate Auction Co., Inc. | Auctions | 8371 | 601 & 600 Erie St. | Online & Live Onsite Unreserved Real Estate Auction

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80 Smokey Hollow Road, Suite 3
Baldwinsville, NY 13027
Office: 315-678-2000
Toll Free: 800-374-SELL
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Online & Live Onsite Unreserved Real Estate Auction
Real Estate Sold For: 601 Erie Street sold for $50,050.00 with 21 Registered Bidders !
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When:
Wed., July 12, 1:00 PM
Location:
601 & 600 Erie St.
Elmira, NY 14904
Directions:
Corner of LaFrance St.

"Great Business Opportunity!"
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How to Register on Proxibid
Real Estate Bid Packet
Link for Online Registration & Bidding
Open House:
601 Erie Street, Elmira, NY: Wednesday, July 5, 1 PM - 3 PM and One Hour Before Auction
Full Details:
Real Estate #1 - 601 Erie Street, Elmira, NY
Seller: Theresa Farnsworth
County: Chemung County
Municipality: City of Elmira
School District: Elmira City
Tax Map #: 99.12-2-2
Assessment: $50,000.00
Equalization Rate: 70 %
100% Assessed Value: $71,429.00
Lot Size: 81.41' x 72.15' +/-
Zoning: IA - Light Industrial
Classification: 421 - Restaurants
City/Village Taxes: $2,013.44
Town/County Taxes: $466.99
School Taxes: $1,254.06
Total Taxes: $3,734.49
Real Estate to be Auctioned Wednesday, July 12, 2023 – 1 PM.
Two Parcels are to be Auctioned Together and will be Sold with all Furniture and Fixtures! This is a Great business opportunity!
Parcel 1 Features: Fully Equipped, 4,877 +/- Sq. Ft. Restaurant/Bar w/4 bathrooms. To be Sold with a 115’ x 145’ +/- Parking Lot across the Street from Parcel 1. The bar seats 15 + customers, has booths, Back bar coolers, under bar sinks, speed racks, an Ice bin and Two Restrooms. The restaurant has a large dining area w/tables and chairs, a dance floor area and Two Restrooms. The fully equipped kitchen has Two -200 AMP single phase circuit breaker panels and a walk-in cooler. Full Basement w/Concrete Block foundation, poured concrete floor, Two-water heaters and Nat. Gas forced air Furnace w/Central Air conditioning. More storage areas on the Second floor. Asphalt shingled roof, wood frame and vinyl siding. Public Water & Sewer. Built in the early 1900’s. Addition in 1979.

Real Estate #2 - 600 Erie Street, Elmira, NY
Seller: Theresa Farnsworth
County: Chemung County
Municipality: City of Elmira
School District: Elmira City
Tax Map #: 99.12-2-1.2
Assessment: $26,000.00
Equalization Rate: 70 %
100% Assessed Value: $37,143.00
Lot Size: 115' x 145' +/-
Zoning: IA - Light Industrial
Classification: 438 - Parking Lot
City/Village Taxes: $930.15
Town/County Taxes: $242.83
School Taxes: $652.11
Total Taxes: $1,825.09
Parcel 2 Features: 115’ x 145’ +/- Stone Parking Lot for 30 +/- Cars. Across the Street from Parcel 1. To be sold with Parcel 1.
Terms on Real Estate:
Bidding online via Proxibid: A $1.00 reversible authorization fee is required in order to obtain a bid number.
1. A 10% Buyer’s Premium (Aka Internet Premium) will be added to the final bid to obtain the Total Purchase price.
2. Upon being announced “sold” by the Auctioneer on Wednesday, July 12, 2023, 10% of the Total Purchase price (Bid plus the 10% Buyer’s Premium) is due from the Purchaser and up to $10,000.00 of this will be immediately charged to a valid credit card (Visa, MasterCard, Discover or AMEX). The balance of said 1st payment is to be received in three Business days of Auction date with Cash, Check or Certified Funds at the address below.
3. An Additional 10% of the Total Purchase price is to be received at the address below, no later than five business days of Auction date, with Cash, Check or Certified Funds.
4. Brzostek’s Real Estate Auction Co., Inc. will send the Purchase Contract, Bidder’s Certification and all required Addendums and Disclosures via DocuSign for the Purchasers electronic signature and should executed upon receipt. Upon completion, a copy will automatically be returned to the sender. Brzostek’s will forward copies to the Seller and Buyer Attorney. Balance is due upon Closing in or about 30-60 days. Transfer of Title by Warranty Deed.
5. I acknowledge that I have read and agree to the items listed on the Bidder Certification Form which I will sign and will be returned with the Purchase Contract, Disclosures and Addendums which will be sent via DocuSign.

Bidding at the Live Onsite Auction:
1. A 10% Buyer’s Premium will be added to the final bid to obtain the Total Purchase price.
2. Upon being announced “sold” by the Auctioneer on Wednesday, July 12, 2023, 10% of the Total Purchase price (Bid plus the 10% Buyer’s Premium) is due from the Purchaser by Cash, Check or Certified funds.
3. An Additional 10% of the Total Purchase price is due in three business days with Cash, Check or Certified funds. These payments shall be mailed or delivered to the Address listed below.
4. The Purchase Contract will be executed immediately following the Auction along with required Addendums and Disclosures. Brzostek’s will forward copies to the Seller and Buyer Attorney. Balance is due upon Closing in or about 30-60 days. Transfer of Title by Warranty Deed.
5. I acknowledge that I have read and agree to the items listed on the Bidder Certification Form which I will sign onsite at the live Auction.
6. 25% of Brzostek’s Commission to be paid to the NYS Lic. Real Estate Broker whose prospect successfully closes on the property. To qualify for a commission, the Real Estate Salesperson or Broker must register with Brzostek’s 48 hrs. prior to the Auction and attend the live onsite auction with their client. Brokers and Salespersons acting as principals are excluded from broker participation.

*Remit contract and payment to:
Brzostek’s Real Estate Auction Co., Inc.
80 Smokey Hollow Rd.
Baldwinsville, NY 13027

**All the information contained on our literature and website was obtained from sources believed to be correct but is not guaranteed. All announcements from the Auction block take precedence over any printed or advertised material. This property will be sold subject to any applicable Federal, State, and/or Local Government Regulations. All acreages, measurements, & other figures described in this flyer are approximate and, therefore, not necessarily to scale.
**Issuance of a bad check is a Class B misdemeanor under the Penal Law.
**Any stopped payment checks will be treated as a Breach of Contract and will be forwarded to our Attorney for Collection!
Auction: #8371/23
Property to be sold with all Furniture & Fixtures, excluding Liquor!
Terms on Personal Property: Auction: #8371/23
Click here for: Personal Property Online Absentee Bid Form
 Image Gallery
Real Property #1 - 601 Erie Street, Elmira, NY
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Real Property #2 - 600 Erie Street, Elmira, NY
Online & Live Onsite Unreserved Real Estate Auction - 155877
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Brzostek's Real Estate Auction Co., Inc.
80 Smokey Hollow Road
Baldwinsville, NY 13027

Office: 315-678-2000
Toll Free: 800-374-SELL
Fax: 315-678-2116
Bernie's SELL #: 315-447-5177
Email:abush@askbernie.com

Brzostek's Auction Service, Inc.
80 Smokey Hollow Road
Baldwinsville, NY 13027

Office: 315-678-2542
Toll Free: 800-562-0660
Fax: 315-678-2116
Bernie's SELL #: 315-447-5177
Email:mhouse@askbernie.com

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