REAL ESTATE BANKRUPTCY AUCTION

HOME OF THE FAMOUS JERSEY SHORE NIGHTCLUB


KARMA NIGHTCLUB

 

PRIME CORNER TO CORNER W/200′ FRONTAGE ON THE BOULEVARD IN SEASIDE HEIGHTS, NJ 

JUST 1 BLOCK FROM THE BOARDWALK

COMING SPRING 2020

$1,200,000 NOMINAL OPENING BID


BANKRPUTCY AUCTION

BY ORDER OF EUGENE D. ROTH, ATTORNEY FOR THE CHAPTER 11 DEBTORS, SADDY FAMILY, LLC AND LASV, INC. 

 

HOME OF THE FAMOUS NIGHTCLUB FEATURED ON 

MTV’S HIT SHOW “THE JERSEY SHORE”

 

KARMA NIGHTCLUB

 

PRIME CORNER TO CORNER W/200′ FRONTAGE ON THE BOULEVARD

IN SEASIDE HEIGHTS, NJ 

CORNER OF HAMILTON AVE. TO WEBSTER AVE.

JUST 1 BLOCK FROM THE BOARDWALK 

 

COMING SPRING 2020

CLICK HERE FOR ONLINE AUCTION PAGE

 

$1,200,000 NOMINAL OPENING BID

 

 

PROPERTY INFORMATION: 

401 Boulevard – Seaside Heights, NJ 08751. 

12,008 SF. building built in 2003 on concrete slab with attached porch, wood deck and concrete patio.

 

LOT# 1

BLOCK: 13

COUNTY: Ocean

 

Zoned: RB (Retail Business)

Flexible Mixed Use

Land Dimensions: 100’x114.5′, 100’x94.5′

2019 TAXES: $27,756.64  

 

 CLICK HERE FOR VIDEO OF THE PROPERTY

 

ALSO AVAILABLE AT PUBLIC AUCTION

SAME TIME, SAME PLACE 

MARCH 26, 2020 @ 1:PM AT THE BAMBOO BAR:

 

SEASIDE HEIGHTS LIQUOR LICENSE

THE BAMBOO BAR

(3) VACANT LOTS

 

 

AUCTIONEER’S NOTE 1: CLICK THE “LINKS” TAB ABOVE TO SEE NEWS ARTICLES AND MEDIA COVERAGE OF THE FAMOUS SEASIDE HEIGHTS PROPERTIES.

AUCTIONEER’S NOTE 2: CLICK “DOCUMENTS” FOR ADDITIONAL INFORMATION INCLUDING BIDDERS PACKET, GENERAL INFORMATION AND TERMS & CONDITIONS

AUCTIONEER’S NOTE 3: ABSENTEE BID FORMS AVAILABLE UNDER “DOCUMENTS”.  AFTER FILLING OUT FORM, PLEASE CALL US TO START PROCESS.

 

Seaside Heights Real Estate Auction & COVID-19

Dear valued auction customers,

In light of the ongoing pandemic and Governor Murphy’s “stay at home” order, which does not allow for gatherings of any size, the Seaside Heights real estate and liquor license auction scheduled for Thursday March 26, 2020 at 1:00 pm will now be held ONLINE ONLY.

It is easy to create an online account and request to bid, please go to our website at: www.theauctioneersgroup.com/online-auctions/

We require a $10,000 authorized hold to be placed on your credit card to approve all bidders and all successful bidders are required to WIRE the full deposits and sign a purchase contract within 24 hours from the closing of the auction.  We will send wire deposit and contract instructions.

If you are unable to bid online, we will be offering pre-registration and absentee bidding, if requested.  Absentee bid forms may be downloaded from our website by clicking “documents” on any of the property description pages.  You may also call to have an absentee bid form faxed to you.  Absentee bid forms MUST be sent back to us by 12:00PM Thursday March 26, 2020.  Again, all deposits and a signed contract will be due within 24 hours from the closing of the auction.

Of course, our national situation is evolving and changing rapidly so if the auction needs to be postponed, we will notify you immediately.

Do not hesitate to call or email with any questions or concerns.

Thanks again for your continued loyalty.
Sincerely,
The Auctioneers Group

THE AUCTIONEERS GROUP

 

PETER COSTANZO / JENNIFER NATOLI

 

(732) 776-7222   (609) 693-6899

 

www.theauctioneersgroup.com

 

 

 

CLIKC “DOCUMENTS” FOR TERMS & CONDITIONS

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