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Commercial Properties for Auction in New Jersey

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Listing Information

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Commercial Properties for Auction in New Jersey



Price: Not Specified

Other Item Info
Item #: njbke_1078413
Created: 10/28/2022
Category: Real Property > Commercial > Commercial Vacant Land/Building
Sale Location: Northfield, New Jersey
Sale Date: Mon. Dec 12, 2022
Seller Info
Raymond M. Patella
Trustee's Attorney
505 Morris Avenue
Springfield, NJ 07081
973-379-4200
Bankruptcy Info
Case #: 1:21-bk-14401
Case Title: 801 Asbury Avenue, LLC and 176 Route 50, LLC
Court: New Jersey Bankruptcy Court
Chapter: 7
View Case Docket

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Real Estate Location

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801 Asbury Avenue
Ocean City, NJ,

Description

Auction Sale of commercial properties, and more described as follows:

  • Commercial real property located at 801 Asbury Avenue, Ocean City, NJ (the “801 Asbury Property”);
  • Commercial real property located at 412 E. 8th Street, Ocean City, New Jersey (Block 806, Lot 10) and (ii) 800, 812, 816 and 820 Central Avenue, Ocean City, New Jersey (Block 806, Lots 11-14) (the “Lots”). The 801 Asbury Property and the Lots are collectively referred to herein as the “Ocean City Properties”; and
  • Real property located at 176 Route 50, Estell Manor, NJ (the “176 Route 50 Property, and together with the Ocean City Properties, the “Properties”).

Sale Location

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1423 Tilton Road, Suite 5
Northfield, NJ, 08225

Additional Details

  1. Auction Time: 10:00 a.m.
  2. Bid Deposit: $50,000.00 for any party wishing to bid on the 176 Route 50 Property; $50,000.00 for any party wishing to bid on the 801 Asbury Property; $50,000.00 for any party wishing to bid on the Lots; $100,000.00 for any party wishing to bid on the Ocean City Properties together; and $150,000.00 for any party wishing to bid on all of the Properties.
  3. Bid Deadline: December 2, 2022
  4. Last date to respond: November 8, 2022


Other Information

Terms and Conditions:

See Attached.


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