Sheldon Good & Co. retained to auction 37 properties on Sept. 13

Sheldon Good & Company Auctions NorthEast, LLC, on behalf of builder/developer, Paramount Group, Inc, has been retained to sell 37 properties in an open outcry portfolio liquidation auction on September 13 at the Sheraton Newark Airport Hotel. Registration begins at 10:30 a.m. and the auction commences at noon. The properties are located in Essex, Hudson, Hunterdon, Mercer, Middlesex, Ocean, Somerset, Union and Camden counties and represent a broad array of quality properties: commercial, residential, single room occupancy, multi-family, and land properties. 37 properties are being offered in total: 30% will be sold absolute regardless of price; Westfield: two-family home to be sold absolute regardless of price; three-single room occupancy properties subject to low minimum bids from $250,000; and commercial/residential opportunities in Manville/Plainfield. A bidder's information packet, the purchase of which is a requirement for bidding, is available for each parcel, and may include such items as the purchase and sale agreement, preliminary commitment of title, detailed property information, copies of real estate tax bills, financial statements, survey and other applicable information. Hard copies of the packets cost $25 and can be obtained during bidder's seminars, or can be ordered from the Sheldon Good Auction Information Center. Packets can also be downloaded from Sheldon Good's website. Sheldon Good & Co. is one of the nation's premier national real estate auctioneers. Formed in 1965, the company has auctioned nearly $10 billion of property throughout the U.S. The company has offices in New York, N.Y.; Chicago, IL; Denver, CO.; Scottsdale, AZ.; Houston, TX and Monterrey, Mexico. The company is the nation's forerunner in commercial and residential real estate auctions.