Share this...


PLEASE TAKE NOTICE, that in accordance with applicable provisions of the Uniform Commercial Code of the States of New York (as applicable), Deutsche Bank AG New York Branch (the “Secured Party”), will sell at public auction all limited liability company interests held by Milber Holding LLC, a New York limited liability company (“Pledgor”), in 22 Ericsson Owner LLC, a New York limited liability company, (such entity, the “Pledged Entity”) such interests, the “Equity Interests”). As of May 16, 2023, the Equity Interests secure indebtedness owing by Pledgor to Secured Party in a principal amount of not less than $4,660,000, plus unpaid interest, attorneys’ fees, and other charges including the costs to sell the Equity Interests (“Debt”).

The public auction sale will be held at 12:00 p.m. (EST) on September 12, 2023 (“Public Sale”) by virtual bidding via Zoom via the following Zoom meeting link: https://bit.ly/WilberUCC (case sensitive), meeting ID: 882 9761 8457, passcode: 550309 (or by telephone at +1-646-558-8656 (US), using same meeting ID and passcode). The Public Sale will be conducted by Mannion Auctions, LLC, by Matthew D. Mannion, New York City Division of Consumer Affairs Licensed Auctioneer, License No. 1434494, and/or William E. Mannion, New York City Division of Consumer Affairs Licensed Auctioneer, License No. 796322, and/or John O’Keefe, New York City Division of Consumer Affairs Licensed Auctioneer, License No. 2103965.

At the Public Sale, Secured Party reserves the right to: (i) credit bid up to the amount of the Debt; (ii) set minimum price(s) for the Equity Interests; (iii) reject bids, in whole or in part; (iv) cancel or adjourn the Public Sale, in whole or in part; and (v) establish the terms and conditions of the Public Sale (“Terms of Public Sale”).

Secured Party’s understanding, without making any representation or warranty as to accuracy or completeness, is that the principal asset of the Pledged Entity is the real property located 27 North Moore Street, Commercial Unit #2, New York, New York 10013 (also known as 22-26 Ericsson Place, New York, New York 10013), which is a commercial condominium unit.

Prospective and winning bidder(s) will be required to represent in writing to Secured Party that they will adhere to the Terms of Public Sale and are purchasing the Equity Interests for their own account, not acquiring them with a view toward the sale or distribution thereof and will not resell the Equity Interests unless pursuant to a valid registration under applicable federal and/or state securities laws, or a valid exemption from the registration thereunder. The Equity Interests have not been registered under such securities laws and cannot be sold by the winning bidder(s) without registration or application of a valid exemption. The Equity Interests will be offered for sale at the Public Auction “as-is, where-is”, and there are no express or implied warranties or representations relating to title, possession, quiet enjoyment, merchantability, fitness, or the like as to the Equity Interests. THIS NOTICE DOES NOT CONSTITUTE AN OFFER TO SELL, NOR THE SOLICITATION OF AN OFFER TO BUY, THE DISPOSITION ASSETS TO OR FROM ANYONE IN ANY JURISDICTION IN WHICH SUCH AN OFFER OR SOLICITATION IS NOT AUTHORIZED.

Parties interested in bidding on the Equity Interests must contact Greg Corbin, Secured Party’s broker, North Point Realty Group (“Broker“), via email at [email protected]. Upon execution of a standard non-disclosure agreement, additional documentation and information will be available. Interested parties who do not contact the Broker and register before the Public Sale will not be permitted to participate in bidding at the Public Sale.

About DailyDAC

DailyDAC™ is the internet's oldest, most trusted, and most widely used provider of public notices of asset sales and case commencements, and other important notices involving companies in financial distress in the United States and Canada. DailyDAC™ public notices are used by bankruptcy trustees, chapter 11 debtors in possession, federal and state court receivers, assignees for the benefit of creditors, auctioneers, and secured parties disposing of their collateral under the Uniform Commercial Code or other state law trust (and their respective auction firms, law firms, and other agents). Learn more.

Many sales of distressed companies and distressed business assets are not widely advertised. If you are buyer of such companies or assets, you may be well served by becoming a paying subscriber to Distressed Deal Data™. Find out more.

The DailyDAC Editors