FEGS announces receipt of $7.38 million winning bid for Bronx property

By Caroline Salls

Pittsburgh, Aug. 19 – Federation Employment and Guidance Service, Inc., which does business as FEGS, announced Friday that Altmark Group, LLC was the winning bidder for its Bronx, N.Y., property with a $7.38 million bid, according to a notice filed with the U.S. Bankruptcy Court for the Eastern District of New York.

As previously reported, Altmark Group was the stalking horse bidder for the property, with an original offer of $7 million.

The back-up bidder is SDC Realty Acquisition LLC, with a $7.28 million bid.

The sale hearing is scheduled for Aug. 23.

FEGS is a New York-based nonprofit health and human services organization that filed for bankruptcy on March 18, 2015. Its Chapter 11 case number is 15-71074.

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