Description
Bankruptcy Sale: Unique opportunity to acquire a building site located in Area 11 of Paterson’s Redevelopment District in the Multi-Family Residential Zone. With a foundation already in place, the 12,500 SF property has been approved for a 6-story, 50 unit apartment building with parking on the ground level for 30 vehicles. There will be 5 one-bedroom units and 5 two bedroom units on each floor. Bankruptcy Auction: Tuesday, June 4th @ 10AM. In order to participate at auction, a minimum bid of $2,050,000 must be received along with a signed contract of sale and deposit no later than Tuesday, May 28th. Additional property & bidder participation information, including the Notice of Sale, are posted on AuctionAdvisors.com. In RE: Chapter 11 Bankruptcy Case No.: 23-17272-RG, IN THE UNITED STATES BANKRUPTCY COURT DISTRICT OF NEW JERSEY.
Documents
Auction Information
Property Information
* Requires confirmation of Online Agreement
Terms & Conditions
- Buyers Premium:
N/A
- Closing:
See Notice of Sale
- Deposit Amount:
See Notice of Sale
- Broker Co-op:
2%. All brokers must be duly qualified. Contact Auctioneer for requisite forms.
Auction Information
Property Information
* Requires confirmation of Online Agreement
- Buyers Premium:
N/A
- Closing:
See Notice of Sale
- Deposit Amount:
See Notice of Sale
- Broker Co-op:
2%. All brokers must be duly qualified. Contact Auctioneer for requisite forms.