REAL ESTATE AUCTION

BAYONNE, NEW JERSEY

INCOME PRODUCING PROPERTY

$175,000 NOMINAL OPENING BID

3 STORY BUILDING- 2,792 SF. 2 FAMILY HOME (POSSIBLY 3 FAMILY) 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 BUILDING WITH A COVERED PORCH, MULTIPLE POINTS OF ENTRY FOR SEPARATE DWELLINGS, A DETACHED GARAGE, AND AMPLE OFF STREET PARKING.  LOT SIZE: 33.5′ BY 100′. 9 FT. CEILINGS THROUGHOUT AND A  LARGE BASEMENT W/ A HALF BATHROOM.

FIRST FLOOR APARTMENT: TILED FOYER (WITH ENTRANCES FOR FIRST AND SECOND FLOORS), LIVING ROOM WITH ARCHED ENTRY WAYS,  DINING ROOM, 2 BEDROOMS, FULL BATH, KITCHEN WITH WALK IN PANTRY, ORIGINAL ORNATE HARDWOOD FLOORING THROUGHOUT, FRONT AND SIDE ENTRY. 

SECOND FLOOR APARTMENT: LIVING ROOM, DINING ROOM, 3 BEDROOMS, FULL BATH, KITCHEN WITH WALK IN PANTRY, FRONT ENTRY, SIDE ENTRY, AND FIRE ESCAPE. 

THIRD FLOOR (POTENTIAL 3RD APARTMENT): LIVING ROOM, 2 BEDROOMS, FULL BATHROOM, KITCHEN AREA, SIDE ENTRY AND FIRE ESCAPE. (AT ONE TIME THE 3RD FLOOR WAS USED AS A 3RD APARTMENT MAY BE ABLE TO CONVERT BACK).

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.

UTILITIES: CITY WATER AND CITY SEWER, STEAM HEAT W/ RADIATORS, HOTWATER BASEBOARD, GAS HOT WATER HEATER, SEPARATE ELECTRIC UTILITIES FOR EACH UNIT, AND VERY LARGE OPERATIONAL OIL TANK.

TAX INFORMATION: TAX DETAILS BELOW, FULL TAX INFO AND PROPERTY ASSESSMENTS, TAX MAP, SURVEY, AND PROPERTY CARDS LOCATED UNDER “DOCUMENTS” WHEN AVAILABLE. 

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

THURSDAY 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

A.P. NATOLI & PETER COSTANZO AUCTIONEERS & REALTORS

NJ R.E. LIC. 8900421 Peter Costanzo Auctioneers, Inc.

R.E. Lic. 8910502 Peter Costanzo