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Bankruptcy Auction - Multi-Family and Mixed-Use Properties
Paterson & Hawthorne, Paterson, NJ - 07504
Description
Bankruptcy Auction! Featuring seven (7) 2-4 multi-family and mixed-use properties in Paterson and Hawthorne, NJ. Includes both income-producing and non-income-producing properties, ideal for investors looking for existing income, and/or fix and flips. Unique opportunity. Properties are each being sold individually, all free and clear of liens, back taxes, etc. Low published reserve prices. The following properties will be offered:
- 191 Temple St, Paterson
- 195 Preakness Ave, Paterson
- 105 Rosa Parks Blvd, Paterson (aka 105-107 Graham Ave)
- 523 Park Ave, Paterson
- 89 Franklin Ave, Hawthorne
- 404-406 Totowa Ave, Paterson
- 90 Madison Street, Paterson
CLICK ON DUE DILIGENCE TAB ABOVE FOR AUCTION DOCUMENTS AND DETAILED PROPERTY INFORMATION.
CLICK ON INSPECTION TAB FOR OPEN HOUSE INFORMATION.
REMOTE BIDDING IS AVAILABLE. PLEASE CONTACT AUCTIONEER TO ARRANGE.
In re: Chapter 11 Bankruptcy Case No.: 23-17272 (SLM), WHAIRHOUSE LIMITED LIABILITY COMPANY, IN THE UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY.
Documents
Unlock Due Diligence by signing the Confidentiality Agreement.
Auction Information
- Executive Summary (v3 updated 2_27)
- Contract of Sale
- Terms & Conditions
- Broker Registration Form
- FAQ's
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
$20,000 deposit is required to bid for EACH property. Deposit must be in the form of a Bank or Certified Check. Make check payable to the name of the individual that is bidding, not an entity/company. Winning bidder(s) will endorse check(s) over to the escrow agent.
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Broker Co-op
2% Broker Coop. Not needed if you don't haver a broker.
Inspection
FINAL INSPECTION - Sunday March 16th
10:00AM - 11:00AM - 89 Franklin Ave, Hawthorne
11:30AM - 12:30PM - 523 Park Ave, Paterson
1:00PM - 2:00PM - 191 Temple St, Paterson
2:30PM - 3:30PM - 195 Preakness Ave, Paterson*
4:00PM - 5:00PM - 105 Rosa Parks Blvd, Paterson (aka 105-107 Graham Ave)*
Due to property condition there will be no inspections for 404-406 Totowa Ave or 90 Madison Street in Paterson
*some units may not be accessible

Auction Location:
Wyndham Garden Totowa
One Route 46 West
Totowa, NJ - 07512
Auction Date:
Wednesday, March 19th @ 6:00 PM EST