Former YWCA Building & 90 Unit Single Residence Hall

140 East Hanover Street & 127 Academy Street, Trenton, NJ - 08608

Description
Due Diligence
Terms & Conditions
Inspection

Description

The offering consists of a 29,100±sf, 4 story commercial brick building that was most recently occupied by the YWCA of Trenton and 24,595±sf, 5 story elevatored residential brick building that currently serves as a 90 unit single room occupancy residence providing low income housing to those in need. See Building Plans in the Documents Section on our website. These are great opportunities for an owner/user, but also attractive for an investor looking at the long term potential with the ability to lease out for income. These properties are located in the heart of downtown Trenton, within walking distance to all state offices and right by Mercer County Community College Kerney Campus and Trenton Public Library. Easy Access to Rt. 33, Rt. 1, Rt. 206, Rt. 29/129, I-95, I-195, and I-295.

In the Matter of the General Assignment for the Benefit of Creditors of YWCA OF TRENTON, Assignor to Steven Mitnick, Assignee. See Summary Terms, Contract of Sale and Terms & Conditions for more details. Final sale subject to court approval.

Documents

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Property Information

Auction Information

Terms & Conditions

Buyers Premium 10% based on the high bid.
Closing Sold in As-Is condition, no contingencies.
Deposit Amount $50,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK. Check is to be made out to the escrow agent. See Summary Terms for details.
Broker Co-op 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

Friday, August 19th
Tuesday, August 23rd

10AM - 1PM By Appointment Only

Final Inspection: 10AM - 11AM August 25th (one hour prior to auction)

Oren Klein

AuctionAdvisors

Joshua Olshin

AuctionAdvisors

Auction Location:

On-Site