EXECUTIVE SUMMARY - CALL FOR PRICE NOTICE OF PUBLIC AUCTION SALE AND RELATED PROCEDURES IN CONNECTION WITH SALE OF DEBTOR’S INTEREST IN REAL PROPERTY Public Auction Sale will be held live on July 31, 2026 starting at 10:00 a.m. (the “Sale Date”) at the following location: Pick & Zabicki LLP Attn: Douglas J. Pick, Esq. 369 Lexington Avenue, 12th Floor New York, NY 10017 For more details and to obtain a copy of the complete Sales Procedures Order see Notice of Public Auction Sale in "Brochures & Other Documents" (212) 695-6000 PROPERTY DESCRIPTION The Site consists of two tax lots totaling approximately 22,722 square feet with one lot, known as 441 Central Avenue, currently developed with a 28 guest room motel and the other lot, known as 19 Waldo Avenue, currently developed with a single family home. Situated in the B-3 (Intermediate Business) zoning district, which permits hotels, multifamily housing and various other uses (see attached zoning code) Section 125.72, Block 8, Lots 1 and 2 Approved in 2021 for the demolition of the existing two-story motel and single family home followed by the construction of a four-story, 45 foot tall, 37,142 square foot hotel with 87 rooms and amenities such as lobby, lounge, exercise room and meeting rooms along with off street parking for 88 cars provided by mechanized vehicle lifts ("Lifts") located on the first floor of the garage