"Bankruptcy Real Estate Auction"

*BANKRUPTCY AUCTION*
Cohoes Real Estate
On site - regardless of weather

279 Columbia Street,
Cohoes, NY 12047

FRIDAY, OCTOBER 22, 2004, 10:00 a.m.
Inspection 9:00 a.m.

Please see below for more pictures

Pursuant to an Order of the U.S. Bankruptcy Court, NDNY. BRICK VENEER 3 OR 4 BEDROOM PLUS CABANA, ALL ON 2.34 ACRES. TOTAL SQUARE FOOTAGE OF COMBINED LOTS 1; 2; & 3 IS 106,200 (+-).

NOTE: THE MAIN HOUSE IS IN NEED OF REPAIR FROM WATER DAMAGE CAUSED BY A LEAKING ROOF.

TAXES:

(Subdivision Parcel #4, 279 Columbia Street residence)
Dimensions (As per survey): 233.80' x 248.34' x 61.50' x 150.00' x 200.00' x 100.00' Front = 31,700 s/f
                City and County: Tax ID 010300 10.14-1-33.10. Assessment: $106,000 adjusted by exemption.
                02/29/04 : $1,116.15 (Includes Annual County and 50% City Tax)
                   08/31/04 : 768.02 (Second 50% City Tax)
                   Total       : $1,884.17

                Cohoes School 2004-2005: Tax ID 010300 10.14-1-33.10
                08/31/04 : $1,426.55 (50%)
                   03/31/05 : 1,426.54 (50%)
                   Total       : $2,853.09

                Total Taxes for Parcel #4 (not including water and sewer)
                $4,737.26

(Subdivision Parcel #3, Immediately adjacent to Parcel #4)
Dimensions (As per survey): 200.00' x 248.34' x 200.00' x 248.34' = 49,667 s/f
                City and County: Tax ID 010300 10.14-1-33.40. Assessment: $13,600 adjusted by exemption.
                02/29/04 : $ 142.80 (Includes Annual County and 50% City Tax)
                   08/31/04 :     98.26 (Second 50% City Tax)
                   Total       : $ 241.06

                Cohoes School 2004-2005: Tax ID 010300 10.14-1-33.40
                08/31/04 : $ 182.51 (50%)
                   03/31/05 : 182.51 (50%)
                   Total       : $ 365.02

                Total Taxes for Parcel #3 (not including water and sewer)
                $ 606.08

(Subdivision Parcel #2, Immediately adjacent to Parcel #3)
Dimensions (As per survey): 100.00' x 248.34' x 100.00' x 248.34' = 24,833 s/f
                City and County: Tax ID 010300 10.14-1-33.30. Assessment: $8,400 adjusted by exemption.
                02/29/04 : $   88.20 (Includes Annual County and 50% City Tax)
                   08/31/04 :    60.69 (Second 50% City Tax)
                   Total       : $ 148.89

                Cohoes School 2004-2005: Tax ID 010300 10.14-1-33.40
                08/31/04 : $ 112.73 (50%)
                   03/31/05 : 112.73 (50%)
                   Total       : $ 225.46

                Total Taxes for Parcel #2 (not including water and sewer)
                $ 374.35

TOTAL TAXES: $5,717.69 (Not including water & sewer)

DEED: Trustee's Deed - Free & Clear

TERMS: $10,000 down payment in cash or cashier's check made payable to the BUYER plus 10 % Court Ordered Administrative Fee in cash or personal check w/BANK LETTER OF GUARANTEED PAYMENT payable at "KNOCKDOWN". Balance in full at closing 20 days following Court approval.

Additional Pictures:

(Homes across street) (Cabana)

Tax Map and Approved and Filed Subdivision Map:
(Click on Maps for LARGER VIEWS)

Tax Map (NOTE: Parcel #1, rear ost lot is not included)

Approved and Filed Subdivision Map
NOTE: LOT 33.2 IS NOT INCLUDED)

(Click on Maps for LARGER VIEWS)

DIRECTIONS to:
279 Columbia Street,
Cohoes, NY 12047

From I-87 Northway Exit 7, enter Route 9 North in Latham. Proceed in right lane to traffic signal and turn right on Columbia Street, travelling East towards Cohoes. Continue to Number 279, on the left, approx. 1.5+ miles.Opposite Felthousen's Florist and Greenhouse.

( Get Directions using MapInfo's miDirections )

Uncle Sam AUCTIONS & Realty, Inc.

LICENSED AND BONDED AUCTIONEERS/REAL ESTATE BROKERS

RALPH F. PASSONNO JR., CAI, AARE, GRI, PRES.

Hannelore Passonno, CAI,GRI, General Mgr.
(518) 274-6464
www.unclesamauctions.com

COMPLETE AUCTION, REAL ESTATE & APPRAISAL SERVICES THROUGHOUT THE NORTHEAST & FLORIDA

This information was obtained from sources deemed reliable. "USAR"/Ralph F. Passonno Jr. and all their agents, Seller(s) and all their agents, will not be responsible for any errors or omissions. Announcements made auction day take precedence over written materials. Offer void where prohibited.