Unreserved Real Estate Auction

Online Bidding Only!!

We have been commissioned by the heirs of Frank Hodas to sell at absolute auction the following apartment building and vacant lot.

Click Here To View “Bidder Packet” containing property details, purchasers contract, tax informantion, maps, and much more.

Began: 05/15/18 at 11:00 AM EDT
Ended: 06/15/18 at 7:00 PM EDT

Absolutely Sells to the Highest Bidder Regardless of Price!

1 Railroad Ave:0.18+/- acre lot w/ 4 unit apartment building. House is two story with two apartments on each level. Downstairs are both 2 bedroom apartments one of which could be made rentable with minimal work, the other requires complete renovation. Upstairs is are single and double bedroom apartments, one of which, though dated, could be made rentable with minimal work, the other requires complete renovation. There are 4 electric services, new steel roof, thermos-pane replacement windows, village utilities, and dry full basement with laid stone foundation. Excellent income potential. Sells with 6 RR Ave. Conveniently located near Village offices, easy walking distance to laundromat, restaurants, shops and more.

6 Railroad Ave:0.6 +/- acre adjoining village lot to 1 RR Ave. and sold with it. Offers plenty of off street parking for tenants and many other uses.

Terms:Both properties are deeded separately, but for auction purposes they will be sold as one. Absolutely Sells to the Highest Bidder Regardless of Price! The high online bidder must sign contract and place a $5,000 down payment within 3 business days of auction close. Balance is due in about 45 days. A 10% buyer premium will be added to the high bid and become part of the final purchase price. Visit our website to download the “Bidder Packet” which contains property details, purchase contract, tax information, maps and much more.

Inspection:Thursday June 7th and Monday June 11th  4:30 – 6:00 pm both days or by appointment.

THIS IS AN ADULT ACTIVITY! We know most times we don’t read the legaleeze and fine print, BUT THIS TIME YOU MUST!! Look at the property and know what you are bidding on BEFORE you bid! By checking the box next to the ‘Submit Registration’ button, you hereby represent that you have read, understood, and accepted the terms and conditions of this auction and have received a copy of the “Bidder Packet” either at an open house or by downloading it from www.lambrechtauction.com REGISTRATION: Proper and complete online registration is required to bid online. All bidders must provide name, address, phone number, and email address to register. A credit card (MC, Visa, Amex or Discover) is required to register for the auction. The credit card will be authorized before bidding access is granted, but it is not charged nor is it a recognized form of payment of the deposit or purchase price. Should a Winning Bidder fail to complete the contract signing process, the required deposit will be charged to the credit card provided at registration. By registering, all bidders acknowledge having read the “Bidder Packet” and agree to be bound by the terms of the “Purchase and Sale Contract” within. Bidders must register prior to bidding. If you are under the age of 18, or not able to form legally binding contracts, you are prohibited from bidding at this Online Auction. BIDDING: Bidding starts now and begins to close Friday June 15, 2018 @ 7:00 pm. All bidding will be done online. This is an absolute auction – the property sells without minimum or reserve. A 10% (Ten) buyer’s premium will be added to the highest bid and this will become the final sale price of the property. Auction will have a soft close, which means the bidding could continue after 7 pm until there is no bid activity for 3 minutes. In the unlikely event that there is a technical failure with our website during the auction close, bidding will be reopened at a later time after notifying all registered bidders. Property is being sold as-is with no warranties or representations being made. Seller will deliver good, marketable, and insurable title free of all liens and encumbrances. By bidding you are representing that you have read and agree to be bound by the terms and conditions for this sale as stated in the “Bidder Packet”. If you do not agree with any of the terms and conditions stated DO NOT BID or you will be bound by those terms and conditions. By bidding you agree to all disclosures. If you need assistance placing an online bid please call our office for assistance: 607-865-6951. To place an online bid, enter your “maximum” bid and click the “Place Bid” button. If the bid is advanced by another bidder, the system will automatically bid on your behalf at the established bid increments up to your maximum. The system will not advance a bidder’s own bid. Lambrecht Auction, Inc. reserves the right to disapprove, suspend or terminate User accounts for any reason, at our sole discretion, and prohibit such User(s) from participating in the Auction We reserve the right to reject or void bids, whether winning or not, which we believe have not been made in good faith, are intended to manipulate the auction process, or are prohibited by law. CONTRACT SIGNING FOR WINNING ONLINE BIDDER: At the conclusion of the auction, the Winning Bidder will receive an email or phone call confirming his or her winning bid status. Lambrecht Auction, Inc. will contact the Winning Bidder the night the auction closes or the following morning to make arrangements for signing the contract and receipt of the down payment, either in person (preferred) or electronically. In any event, the contract signing and deposit payment process must be completed within three (3) business days following the auction conclusion. All bidders are expected to know this and cooperate fully. A bid at auction is a binding contract . Any Winning Bidder whose documents and deposit are not received within the required timeframe is subject to being sued for specific performance as outlined in the “Purchase and Sale Contract” contained within the “Bidder Packet” . They are also subject to having an amount equal to the down payment charged to the credit card used at registration and will not be allowed to bid in any future Online Auction events. Note that property-specific purchase documents are available in our “Bidder Packet” and any professional reviews of such documents should be undertaken PRIOR to bidding. YOU ARE ENTERING INTO A BINDING CONTRACT. THERE ARE NO REFUNDS OR BID CANCELLATIONS. THE REGISTERED BIDDER IS PERSONALLY RESPONSIBLE, LEGALLY AND FINANCIALLY FOR ALL AUCTION ITEMS BID UPON WHETHER REPRESENTING ONE’S SELF OR ACTING AS AN AGENT. AN ONLINE BID ACCEPTED AT PUBLIC AUCTION IS A LEGAL AND BINDING CONTRACT TO PURCHASE. ANY BIDDER WHO FAILS TO CONSUMATE A PURCHASE WILL BE BANNED FROM BIDDING AT ALL FUTURE AUCTION EVENTS AND MAY BE PURSUED FOR CIVIL AND/OR CRIMINAL VIOLATIONS.

Located near the corner of West Main Street (NYS Route 206) and Railroad Ave directly across from the village offices and police department.

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Lambrecht Auction


151 County Road 38 Bainbridge, NY 13733

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