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Bankruptcy Auction: Hudson County Multi-Family, Mixed Use & Condo
Weehawken, West New York, and Guttenberg , NJ 07086
Description
Bankruptcy Auction: Low Reserves. Opportunity to acquire low-maintenance, income-producing assets consisting of four buildings and one residential condominium in vibrant Northern New Jersey communities. The properties include a mix of residential and mixed-use assets located in Weehawken, West New York, and Guttenberg. Strategically positioned in densely populated, transit-accessible neighborhoods, the portfolio benefits from strong rental demand and convenient access to major transportation corridors providing connectivity to New York City and surrounding employment centers. With minimal vacancies and a diversified mix of residential and commercial tenants, this offering provides stabilized, ongoing income, potential future rent growth, and additional operational upside supported by recent capital improvements.
Documents
Auction Information
- Executive Summary
- Contract of Sale
- Remote Bidding Procedures (if applicable)
- Broker Registration (if applicable)
- Commonly Asked Questions
- Terms & Conditions of Auction
Property Information
Terms & Conditions
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Buyers Premium
8% Buyer's Premium
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Closing
45 Days
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Deposit Amount
$75,000 per property, $25,000 for the residential condominium in Guttenberg. Deposit must be in the form of a cashier or bank check made payable to the closing attorney "Chang Law PC Attorney Trust Account". Deposit must be increased so that you have 10% of the purchase price on deposit by 11AM on September 14th.
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Broker Co-op
2% to properly registered broker. Download form on website and follow directions.
Inspection
Tuesday, September 8
99 Clifton Terrace, Weehawken:4:30PM to 5:15PM
6408-6410 Polk St, West New York: 5:30PM to 6:15PM
6300 Bergenline Ave, West New York: 6:15PM to 6:45PM
83 68th Street, #5, Guttenberg: 7:00PM to 7:30PM
We will do our best to get into as many units as possible. Thanks for your cooperation.
Auction Location:
Meadowlands Plaza Hotel
40 Wood Ave
Secaucus, NJ - 07094