Bankruptcy Auction Sale of Sutton Place Co-op

This co-op will be sold via auction by a bankruptcy trustee at 3:00 p.m. (EST) on April 14, 2026. The auction sale will be conducted online via Zoom to those who qualify to bid in accordance with the Court approved Terms and Conditions of Sale. To qualify to bid, by 5:00 p.m. (EST) on April 13, 2026, each prospective bidder must: (a) sign and tender the Terms and Conditions of Sale; (b) agree to bid not less than $600,000.00; (c) tender the Required Deposit (a Bank Check in the amount of $60,000.00 made payable to "Debra Kramer, as Trustee"); and (d) complete, sign, and tender the Registration Form for the auction sale. Please contact MYC for copies of the Terms and Conditions of Sale and the Registration Form. We are pleased to present this 1-bedroom residential cooperative in most exquisite, full-service, amenity-rich building in Sutton Place. This corner unit is highlighted by a generous sized bedroom and living room, hardwood flooring throughout, Central Heating and Air Conditioning, a windowed bathroom, and a private balcony. The Southern and Eastern exposures flood the residence with an abundance of natural light. This is a great opportunity for those who also wish to customize their home through some TLC and a possible kitchen expansion. The Connaught Tower is a highly sought-after, white glove, postwar cooperative. The residents enjoy 24-hour doorman and concierge services, a live-in superintendent, a glass-enclosed rooftop heated pool, private lounge with a catering kitchen making it perfect for entertaining, sundeck, sauna, fitness center, courtyard, circular driveway for easy drop-offs/pick-ups, an underground parking garage with direct building access, central laundry, bike room, and storage rooms. Healthy financials and a strong reserve allow the shareholders to benefit from low monthly maintenance fees. This pet friendly, non-smoking building also permits pied-à-terres. Ideally located with convenient access to the entire city via the E, M/F, 4/5/6, and N/Q/R/W trains, as well as the M15 and M57 bus. You will also enjoy fantastic dining and nightlife venues in every direction. Whole Foods Market, TJ Maxx, and Bloomingdale's are blocks away, and world-class luxury destinations are abound on nearby 57th Street. Boutique fitness studios and glorious waterfront outdoor space along the East River promenade add to the outstanding quality of life. This co-op is being sold by a bankruptcy trustee in "as-is", "where-is" condition and free and clear of all liens, claims and encumbrances. This is an all-cash transaction without contingencies or warranties. Purchaser pays all applicable transfer and flip taxes. The co-op will be delivered vacant and free and clear of tenancies at closing. Any sale is subject to confirmation of the Bankruptcy Court and co-op board approval. 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 co-op 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.