REAL ESTATE AUCTION BAYONNE, NEW JERSEY INCOME PRODUCING PROPERTY $175,000 NOMINAL OPENING BID 2,792 SF. 3 STORY 2 FAMILY HOME (POSSIBLY CAN ADD 3RD APARTMENT) WITH FULL BASEMENT, DETACHED GARAGE AND OFF STREET PARKING READY FOR OCCUPANCY AND RENTAL INCOME! TUESDAY OCTOBER 30, 2018 AT 11:00 AM ON PREMISES: 876 AVENUE C BAYONNE, NJ 07002 PROPERTY FEATURES: 876 AVENUE C IS A 3 STORY 2-FAMILY WITH A COVERED FRONT PORCH, FRONT AND SIDE ENTRANCES FOR SEPARATE APARTMENTS, A DETACHED GARAGE, AND AMPLE OFF STREET PARKING. LOT SIZE: 33.5' BY 100'. 9 FT. CEILINGS AND ORIGINAL ORNATE HARDWOOD THROUGHOUT AS WELL AS ORIGINAL PLASTER WALLS, AND A LARGE BASEMENT W/ HALF BATHROOM, AMPLE STORAGE, AND REC. ROOM. FIRST FLOOR APARTMENT: TILED ENTRANCE FOYER (FOR FIRST AND SECOND FLOORS), LIVING ROOM WITH ARCHED ENTRY WAYS, DINING ROOM, 2 BEDROOMS, FULL BATH, KITCHEN WITH WALK IN PANTRY, FRONT AND SIDE DOORS. SECOND FLOOR APARTMENT: LIVING ROOM, DINING ROOM, 3 BEDROOMS, FULL BATH, KITCHEN WITH WALK IN PANTRY, FRONT AND SIDE DOORS, AND FIRE ESCAPE. THIRD FLOOR (POTENTIAL 3RD APARTMENT): LIVING ROOM, 2 BEDROOMS, FULL BATHROOM, KITCHEN AREA, SIDE DOOR AND FIRE ESCAPE. (AT ONE TIME THE 3RD FLOOR WAS USED AS A 3RD APARTMENT MAY BE ABLE TO CONVERT BACK BY APPLICATION TO TOWN). FULL BASEMENT: FULL BASEMENT WITH RECREATIONAL AREA/PARTY ROOM, BUILT-IN “SPEAK EASY” STYLE BAR ROOM (MUST SEE!), 1/2 BATHROOM, LAUNDRY AND UTILITY ROOM, UTILITY SINK, AND STORAGE. UTILITIES: CITY WATER AND CITY SEWER, STEAM HEAT W/ RADIATORS & HOTWATER BASEBOARD, GAS HOT WATER HEATER, SEPARATE ELECTRIC & GAS UTILITIES FOR EACH UNIT, AND VERY LARGE ABOVE GROUND OIL TANK. TAX INFORMATION: TAX DETAILS BELOW, FULL TAX INFO AND PROPERTY ASSESSMENTS, TAX MAP, SURVEY, AND PROPERTY CARDS LOCATED UNDER “DOCUMENTS”. 2017 TAXES / BLOCK 105 LOT 43 $13,182.40 TERMS: Bidding: Registration and deposit verification required to bid. ALL PROSPECTIVE BIDDERS MUST REGISTER WITH THE AUCTION COMPANY ON AUCTION DAY, PRIOR TO THE START OF THE AUCTION. An initial deposit of $25,000.00 in cash, certified check or bank check and signed contract are required at close of bidding. (See documents for sample contract.) HIGH BID PRICE & CONTRACT IS SUBJECT TO ACCEPTANCE BY THE SELLER. The balance of the 10% deposit/down payment may be made in personal, business check, or wire transfer within 48 hours after the auction or within 48 hours from acceptance by the seller. A 10% BUYER’S PREMIUM WILL APPLY. PROPERTY WILL BE OFFERED WITH A NOMINAL OPENING BID OF $175,000.00. PROPERTY IS SOLD “AS IS” FREE & CLEAR OF ALL LIENS, CLEAR INSURABLE TITLE GUARANTEED. OPEN HOUSE AND PROPERTY INSPECTION: THURSDAY OCTOBER 18, 2018 FROM 10:00 AM TO 1:00 PM WEDNESDAY OCTOBER 25, 2018 FROM 11:00 AM TO 2:00 PM SUNDAY OCTOBER 28, 2018 FROM 11:00 AM TO 2:00 PM TUESDAY OCTOBER 30, 2018 10:00 AM MORNING OF SALE REALTORS ARE PROTECTED AND PARTICIPATION IS ENCOURAGED. CHECK “DOCUMENTS” TAB ABOVE FOR REALTOR TERMS, BROKER/CLIENT REGISTRATION FORM & SAMPLE CONTRACT. A.P. NATOLI & PETER COSTANZO AUCTIONEERS & REALTORS NJ R.E. LIC. 8900421 Peter Costanzo Auctioneers, Inc. R.E. Lic. 8910502 Peter Costanzo THE AUCTIONEERS GROUP A.P. NATOLI / PETER COSTANZO (609) 693-6899 / (732) 776-7222 www.theauctioneersgroup.com
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