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Loan Portfolio – Non Performing Mortgages; Newark, NJ

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Description

Location: Newark, NJ (2nd Lien Position)
Type: Multifamily
Lot Size: 4,800 SF
Stories: 3
Units: 6 (with three 2-BR and three 3-BR units)
Zoning: Apartment
Taxes: $8,070.84 (2011)

Location: Newark NJ (1st Lien Position)
Type: Vacant Land
Lot Size: 1,991 SF
Zoning: Residential
Taxes: $2,467.68 (2011)

Location: Newark NJ (1st Lien Position)
Type: Multifamily
Lot Size: 4,900 SF
Stories: 3 / Units: 9
Zoning: Apartment
Taxes: $7,511.16 (2011)

Terms & Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: 10% deposit to the high bidder.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspections

Terms & Conditions

  • Buyers Premium: 10% Buyers Premium based on the high bid.
  • Closing: 30-Day closing, sold in As-Is condition, no contingencies.
  • Deposit Amount: 10% deposit to the high bidder.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspections

Auction Info:

  • 2011-09-27
  • Property Type
    Residential
  • Property Location
    Newark, NJ11, Newark, 07101
  • Auction Location

Property Map

Auction Contact(s):

Oren Klein

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