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Bankruptcy Auction: Multi-Family & Mixed Use Opportunities
Paterson, NJ - 07504
Description
Bankruptcy Auction! Five multi-family and mixed-use properties in Paterson. Properties are each being sold individually, all free and clear of liens, back taxes, etc. Inspections dates will be posted soon. Download executive summary and other supporting documents for detailed information. In re: Chapter 11 Bankruptcy 95 MARKET STREET LLC, ET AL., CASE# 25-15710 (SHERWOOD), IN THE UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY. Low published reserve prices. The following properties will be offered:
- 189-193 Park Ave
- 267-269 6th Ave
- 83-85 Madison St
- 466-468 10th Ave
- 95 Market St
Questions? Email support@auctionadvisors.com or text the word "support" to 833-575-0270
Check out this video for a basic overview of the live auction process. Download documents for details.
Documents
Auction Information
- Executive Summary (10_6)
- Contract of Sale
- Terms & Conditions
- Broker Registration (if applicable)
- Commonly Asked Questions
Property Information
Terms & Conditions
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Buyers Premium
No Buyer's Premium
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Closing
30 Days
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Deposit Amount
A deposit is required to bid for EACH property. Deposit must be in the form of a Bank or Certified Check. Make check(s) payable to Jay L. Lubetkin, Chp 11 Trustee.
Bidders can use the same check to bid on multiple properties, but only until it is the winning bidder on a property. If the bidder is the winning bidder on additional properties, it will need additional checks to support additional purchase.
DEPOSITS 189-193 Park Ave - $25,000 267-269 6th Ave - $25,000 83-85 Madison St - $25,000 466-468 10th Ave - $50,000 95 Market St - $50,000
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Broker Co-op
2% Broker Coop. Not needed if you don't haver a broker.
Inspection
Sunday, October 19, 2025
189-193 Park Ave - 10:00AM - 12:00PM
83-85 Madison St - 10:00AM - 11:00AM
95 Market St - 11:30AM - 12:30PM
466-468 10th Ave - 1:00PM - 2:00PM
267-269 6th Ave - 2:30PM - 3:30PM
Auction Location:
Wyndham Garden Totowa
One Route 46 West
Totowa, NJ - 07512