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UCC Foreclosure Auction Sale of Pledged LLC Interests - DATE TBD

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Description

UCC Foreclosure Auction Sale!  DATE TBD. Assets being foreclosed on are the Membership Interests in 3 LLCs, each with an interests in real property. Underlying properties of the 3 LLC membership interests include: 2 Class A Office Buildings (i) a 3-story 90,000+/- SF building on 5.64+/- acres in Mays Landing, NJ and (ii) a 3-story 245,00 +/- SF building in Piscataway, NJ. Membership Interests being foreclosed on: (1) 100% of the Membership Interests in 5218 Property LLC (which owns 5218 Atlantic Avenue, Hamilton Township, NJ 08330); (2) 100% of the Membership Interest in Centennial Plaza Prop LLC (which owns a 50% interest in 1 Centennial Avenue, Piscataway, NJ 08854); and (3) 100% of the Voting and 15% of the Non-Voting Membership Interest in IMARC Properties, L.L.C. (which owns 50% interest in 1 Centennial Avenue, Piscataway, NJ 08854).

Bid on one, two or or all of these interests!

Documents

Auction Information

Property Information

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium:

    N/A

  • Closing:

    N/A

  • Deposit Amount:

    $100,000 per asset

  • Broker Co-op:

    N/A

Inspections

N/A

Terms & Conditions

  • Buyers Premium:

    N/A

  • Closing:

    N/A

  • Deposit Amount:

    $100,000 per asset

  • Broker Co-op:

    N/A

Inspections

N/A

Auction Info:

  • 2023-04-25
  • Property Type
    LLC Membership Interests
  • Property Location
    1350 Avenue of the Americas; 2FL, New York, 10019
  • Auction Location
    Link to Be Provided by Auctioneer

Property Map

Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267