AUCTION OF LUXURY CONDOS ON THE GOLD COAST OF NEW JERSEY
The growing nationwide trend of developers utilizing the auction marketing method as a creative way to close out real estate inventory continues in New Jersey. Sheldon Good & Company Auctions NorthEast LLC (www.sheldongood.com), today announced the April 19th auction of 16 “impeccably finished,” brand new, one- and two-bedroom condominiums at The Aristocrat located at 34-48th Street off Boulevard East in Weehawken, New Jersey.
The condos will be sold with a five-year tax abatement, with the added bonus that no taxes will be charged the first year. Eight of the condos will be sold absolute, regardless of price. Suggested opening bids begin at $150,000. The remainder of the condos will be sold with reserve in an open outcry format. A certified or cashier’s check in amounts from $15,000 is required to buy.
The open outcry auction for the Weehawken condominiums will be conducted on Sunday, April 19th at the Hyatt Regency Jersey City Hudson 2 Exchange Place. Registration begins at 11 a.m. with the auction commencing at 12 noon. Property inspections will be held from 11 a.m.-2 p.m. on March 21, 22, 28, 29, April 4, 5, 11, 18 from 11am to 2pm.
According to Lawrence Samberg, Managing Director of Sheldon Good & Company Auctions, Northeast, “These residences are absolutely stunning inside and out, with an ideal location, plenty of garage parking, and amenities throughout. The Aristocrat Condominiums, situated only one block from the ferry into Manhattan, were designed to appeal to those who want the ultimate in luxury with close proximity to the Manhattan.”
“I have opted to retain Sheldon Good & Company, the nation’s premier auction firm, to sell the remaining inventory quickly at auction, accelerating the sales process so that I can move on to my next project,” said Ernesto Garcia, the developer of the Aristocrat.
The one and two-bedroom condos with one and a half and two and a half baths range in size from 865 to 1,161 square feet, with original prices ranging from $378,900 to $683,900.
Amenities include: Stunning upgrades transform every home into a designer showcase, combining the latest technology with beautiful natural finishes that include Brazilian Teak and marble floors, and granite countertops. Saturated in natural light, the homes have floor-to-ceiling Anderson windows and French doors, most of which lead to private balconies, many with Manhattan views.
Every expertly finished kitchen features top-of-the-line GE Profile stainless steel appliances, granite countertops, oversized Elkay extra-deep sinks with goose neck faucets and a breakfast bar. The kitchens all open to a large living area, creating the perfect environment for entertaining. Large master bedrooms enjoy en suite baths and great city views.
Other premium features include high ceilings; stylish baths with marble floors and Kohler pedestal sinks; advanced wiring for flat screens, wall imbedded speakers, and HD in all rooms; brilliant recessed lighting throughout; and convenient in-unit washers and dryers. Two residences on offer include private rooftop-entertainment decks.
The property is elegantly landscaped, the building’s tiered entrance features an attractive lobby offering full-speed freight size elevator. Additional insulation suppresses noise throughout the building. Residents also enjoy the security and convenience of indoor parking spaces.
Jeffrey L. Hubbard, Executive Managing Director of Sheldon Good & Company Auctions, NorthEast, LLC, said: “The development community throughout the United States is increasingly utilizing the real estate auction marketing program as an alternative marketing tool to accelerate the sales of finished and to-be-built residential inventory. The ownership of this condominium building is willing to pass along a portion of the savings realized by the relative time-certain date of sale to the successful bidders. This is truly a win/win scenario for seller and purchaser alike.”
Condominium fees range from $279-$312 monthly for the one-bedroom, one and a half bath residence; and from $308-$312 for the two-bedroom, two bath residence, to a range of $317-$366 for the two-bedroom, two and a half bath residences.
About Sheldon Good & Company
Sheldon Good & Company Auctions has been rated the premier real estate auction company by a number of prestigious financial publications. The company has aggregate sales of over $10 billion.
For further information, please call Sheldon Good & Company at (800) 516-0014.
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