Commercial & Residential Real Estate Portfolio

Bankruptcy Auction

A 50% Membership Interest In Two Real Estate Holding Companies:

• Z&J Properties, LLC
  • 62 Fournier Crescent, Elmwood Park, NJ
    A residential 1/2 Duplex Unit.
  • 181 Banta Avenue, Garfield, NJ
    A 2-family residential property
  • 12 Washington Place, Garfield, NJ
    A duplex residential property.  
  • 465 US Highway 46, Kenvil, NJ
    A vacant 990 sq ft commercial property 
• 21 Summit Avenue, LLC
  • 21 Summit Avenue, Elmwood Park, NJ
    A 3,700 sq ft commercial property

Auctioneer’s Notes:

1. There is a $385,000 Opening Bid / Reserve.
2. There are currently no leases for any of these properties.  Any existing tenants are month to month. 
3. This is a sale of a 50% membership interest in the two corporations named above.  Tax Returns and a profit and loss statement are available for review. Please contact auctioneer for Confidentiality and Non-Disclosure Agreement.
4. Existing financing will remain in place and attached to related properties.  The debtor provided tax returns show an existing mortgage in the amount of $302,710 & $150,000 in debt to a related party both secured by the 12 Washington Place, Garfield, NJ.
5. No inspection or Open House will be offered for an up-close inspection of the subject properties.
6. Any and all info provided on this page and other advertising is gathered from sources deemed to be reliable, however auctioneer & attorney make no warrantee or guarantee regarding the title, condition, marketability of each of these the debtor owned corporations.  All bidders are bidding based upon their own due diligence. 
7. Final Sale is subject to Bankruptcy Court Confirmation.