Board of Estimate and Contract:
RESOLVED, that an Ordinance adopted by the City Council on June 10, 2026, and signed by the Mayor on June 11, 2026, authorizing the Sale and Conveyance of City-Owned Property Located at 3 Cortlandt Street, Mount Vernon, New York, also Known as Lot 3004-22 - (Mr. Moris Yeroshalmy, also known as ABCNY, was the highest responsible bidder at said public auction, offering the sum of Four Hundred Fifty Thousand Dollars ($450,000.00) for the purchase of the Property) and timely submitted the required deposit equal to twenty-five percent (25%) of the purchase price to the Office of the Comptroller on May 19, 2026); be, and the same is hereby approved.
City Council:
AN ORDINANCE AUTHORIZING THE
SALE AND CONVEYANCE OF CITY-OWNED
PROPERTY LOCATED AT 3 CORTLANDT
STREET, MOUNT VERNON, NEW YORK,
ALSO KNOWN AS LOT 3004-22
Whereas, in correspondence dated May 26, 2026, the Secretary of the Real Estate Committee formally requested authorization for the Mayor of the City of Mount Vernon to execute all documents necessary convey the City-owned property located at 3 Cortlandt Street, Mount Vernon, New York, also known as Lot 3004-22 (hereinafter the “Property”), to Moris Yeroshalmy (aka ABCNY) for the total purchase price of Four Hundred Fifty Thousand Dollars ($450,000.00); and
Whereas, the City of Mount Vernon is the owner of certain real property located at 3 Cortlandt Street, Mount Vernon, New York, also identified on the Tax Map of the City of Mount Vernon as Lot 3004-22; and
Whereas, the Property was acquired by the City through foreclosure proceedings resulting from the non-payment of real property taxes; and
Whereas, the appraisal and review for municipal use of the Property were completed by the Real Estate Committee on January 30, 2026; and
Whereas, following such review, the Property was determined to be appropriate for disposition through public sale; and
Whereas, the City conducted a public auction for the sale of the Property on May 19, 2026; and
Whereas, Moris Yeroshalmy, also known as ABCNY, was identified as the highest responsible bidder at said public auction with a bid in the amount of Four Hundred Fifty Thousand Dollars ($450,000.00); and
Whereas, Mr. Yeroshalmy submitted the required twenty-five percent (25%) deposit of the purchase price to the Office of the Comptroller on May 19, 2026; and
Whereas, the City Council finds that the sale and conveyance of the Property is in the best interests of the City of Mount Vernon and will return the Property to productive use and the City tax rolls.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF MOUNT VERNON AS FOLLOWS:
Section 1. Authorization to Convey Property. The Mayor of the City of Mount Vernon is hereby authorized and directed to execute all documents necessary to convey the City-owned property located at 3 Cortlandt Street, Mount Vernon, New York, also known as Lot 3004-22, to Moris Yeroshalmy (aka ABCNY) for the total purchase price of Four Hundred Fifty Thousand Dollars ($450,000.00).
Section 2. Terms and Conditions of Sale. The conveyance of the Property shall be subject to all applicable laws, ordinances, rules, regulations, taxes, assessments, easements, restrictions, and conditions of record, and upon such additional terms and conditions as may be approved by the Corporation Counsel and Comptroller of the City of Mount Vernon.
Section 3. Authorization of City Officials. The Mayor, Comptroller, Corporation Counsel, and all other appropriate City officials are hereby authorized and directed to take all necessary and proper actions to effectuate the purposes of this Ordinance and complete the transfer of title.
Section 4. Severability. If any clause, sentence, paragraph, section, or part of this Ordinance shall be adjudged by a court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof, but shall be confined in its operation to the specific clause, sentence, paragraph, section, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Section 5. Effective Date. This Ordinance shall take effect immediately upon adoption by the City Council and subsequent approval by the Board of Estimate and Contract.