Legal Notices
NOTICE OF SECURED PARTY PUBLIC AUCTION OF 100% OF THE CLASS B LIMITED LIABILITY MEMBERSHIP INTERESTS IN AY PHASE II DEVELOPMENT COMPANY, LLC
PLEASE TAKE NOTICE that, in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, DBD AYB FUNDING II, LLC, a Delaware limited liability company, as Administrative Agent for DBD AYB FUNDING II, LLC and AYB FUNDING 200, LLC, a Delaware limited liability Company, (“Secured Party”), will sell 100% of the Class B limited liability membership interests in AY PHASE II DEVELOPMENT COMPANY, LLC, a Delaware limited liability company, as more particularly described in that certain Pledge and Security Agreement, dated as of June 17, 2015, by and among Secured Party’s predecessor-in-interest and AY PHASE III MEZZANINE LLC, a Delaware limited liability company (the “Collateral”) to the highest qualified bidder at a public sale. The public sale will take place at 4:00 p.m. on January 11, 2024, both in person and remotely from the offices of Rosenberg & Estis, P.C., 733 Third Avenue, New York, New York 10017, with access afforded in person and remotely via Zoom or other web-based video conferencing and/or telephonic conferencing program selected by Secured Party. Secured Party’s understanding is that the principal asset of the Class B limited liability membership interests in AY PHASE II DEVELOPMENT COMPANY, LLC is the parcels of real property identified as B9 and B10 located in Brooklyn, New York, and more particularly known as the air rights parcels above Block 1121 and the terra firm known as Lots 42 and 47, Block 1121 in Kings County, New York, as such asset is described in that certain Schedule II to the Mezzanine Loan Agreement, dated as of June 17, 2015, by and among Secured Party’s predecessor-in-interest and AY PHASE III MEZZANINE LLC, a Delaware limited liability company. The Collateral will be sold to the highest qualified bidder; provided, however, that Secured Party reserves the right to cancel the sale in its entirety, or to adjourn the sale to a future date by announcement made at the time and place scheduled for the public sale. The sale will be conducted by Mannion Auctions, LLC, by Matthew Mannion, Licensed Auctioneer, NYC Division of Consumer Affairs Licensed Auctioneer. License No. 1434494. The Collateral will be sold as a single lot and will not be divided or sold in any lesser amounts. Interested parties who would like additional information concerning such conditions, as well as other information regarding the Collateral, the requirements to be a bidder for the Collateral, or the terms of the Sale should contact the agent for Secured Party, Nick Scribani of Newmark, at (212) 372-2113 or Nick.Scribani@nmrk.com to receive the Terms of Public Sale and bidding instructions. Upon execution of a standard non-disclosure agreement, additional documentation and information will be made available. Interested parties who do not contact Secured Party and qualify prior to the public sale will not be permitted to enter a bid or participate at the public sale either in person or remotely. ROSENBERG & ESTIS, P.C., Attorneys for Secured Party
733 Third Avenue, New York, New York 10017
Attention: Eric S. Orenstein, Esq., Telephone: (212) 551-8438 E-mail: eorenstein@rosenbergestis.com
NOTICE OF SECURED PARTY PUBLIC AUCTION OF 100% OF THE CLASS A LIMITED LIABILITY MEMBERSHIP INTERESTS IN AY PHASE II DEVELOPMENT COMPANY, LLC
PLEASE TAKE NOTICE that, in accordance with applicable provisions of the Uniform Commercial Code as enacted in New York, DBD AYB FUNDING, LLC, a Delaware limited liability company, as Administrative Agent for DBD AYB FUNDING, LLC and AYB FUNDING 100, LLC, a Delaware limited liability Company, (“Secured Party”), will sell 100% of the Class A limited liability membership interests in AY PHASE II DEVELOPMENT COMPANY, LLC, a Delaware limited liability company, as more particularly described in that certain Pledge and Security Agreement, dated as of June 17, 2015, by and among Secured Party’s predecessor-in-interest and AY PHASE II MEZZANINE. LLC, a Delaware limited liability company (the “Collateral”) to the highest qualified bidder at a public sale. The public sale will take place at 4:00 p.m. on January 11, 2024, both in person and remotely from the offices of Rosenberg & Estis, P.C., 733 Third Avenue, New York, New York 10017, with access afforded in person and remotely via Zoom or other web-based video conferencing and/or telephonic conferencing program selected by Secured Party. Secured Party’s understanding is that the principal asset of the Class A limited liability membership interests in AY PHASE II DEVELOPMENT COMPANY, LLC is the parcels of real property identified as B5, B6, B7 and B8 located in Brooklyn, New York and more particularly known as the air rights parcels above Block 1120 and Block 1121 and the terra firma known as Block 1120, Lots 19, 28 and 35, in Kings County, New York, as such Collateral is described in that certain Schedule II to the Omnibus First Amendment and Reaffirmation of Loan Documents, dated as of June 17, 2015, by and among Secured Party’s predecessor-in-interest, AY PHASE II MEZZANINE, LLC, a Delaware limited liability company, FOREST CITY ENTERPRISES, INC., a corporation organized under the laws of the State of Ohio, GREENLAND US HOLDING, INC., a Delaware corporation, and GREENLAND US COMMERCIAL HOLDING, INC., a Delaware corporation, as amended. The Collateral will be sold to the highest qualified bidder; provided, however, that Secured Party reserves the right to cancel the sale in its entirety, or to adjourn the sale to a future date by announcement made at the time and place scheduled for the public sale. The sale will be conducted by Mannion Auctions, LLC, by Matthew Mannion, Licensed Auctioneer, NYC Division of Consumer Affairs Licensed Auctioneer. License No. 1434494. The Collateral will be sold as a single lot and will not be divided or sold in any lesser amounts. Interested parties who would like additional information concerning such conditions, as well as other information regarding the Collateral, the requirements to be a bidder for the Collateral, or the terms of the Sale should contact the agent for Secured Party, Nick Scribani of Newmark, at (212) 372-2113 or Nick.Scribani@nmrk.com to receive the Terms of Public Sale and bidding instructions. Upon execution of a standard non-disclosure agreement, additional documentation and information will be made available. Interested parties who do not contact Secured Party and qualify prior to the public sale will not be permitted to enter a bid or participate at the public sale either in person or remotely.
ROSENBERG & ESTIS, P.C., Attorneys for Secured Party
733 Third Avenue, New York, New York 10017
Attention: Eric S. Orenstein, Esq. Telephone:
E-mail: eorenstein@rosenbergestis.com (212) 551-8438