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Money Talk

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Bankrupt Woodbury Quarry Hits Market With 66 Million Tons of Reserves

A 198-acre aggregate quarry in Woodbury, New York, is heading to bankruptcy auction, offering buyers a rare, fully permitted mineral asset in the Hudson Valley. With over 66 million tons of estimated and probable reserves, the site represents a strategic foothold for construction supply chains serving the New York metropolitan area.

Bankrupt Woodbury Quarry Hits Market With 66 Million Tons of Reserves
Photo: Bio & News

The property, currently operated by Speyside Sand & Stone, spans five parcels along New York State Route 32. It contains substantial greywacke deposits that meet New York State Department of Transportation specifications for road construction, asphalt, and concrete manufacturing. Its location 50 miles north of New York City provides direct logistical access to Interstate 87, Interstate 84, and Route 17, positioning the site to supply high-demand infrastructure projects across the region.

Jonathan Cuticelli, director of real estate brokerage at Hilco Global, noted that the scarcity of new permitted quarry developments in the Northeast elevates the value of this resource. The sale is governed by the U.S. Bankruptcy Court for the Eastern District of New York under Case No. 8-2670730-spg. Prospective buyers must submit bids by August 14 through the Hilco Global real estate portal to participate in the acquisition process.

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