Bankruptcy Auction

A Rare Opportunity to Acquire One or Both Parcels in Union’s Premier Mixed-Use Property

PARCEL 1 – STABILIZED MULTIFAMILY INVESTMENT
43 Luxury Market Rate Apartments

• Newly constructed multifamily asset completed in 2024 with modern building systems and minimal deferred maintenance.
• Diverse unit mix of studios, one-bedroom, one-bedroom-plus-den, and two-bedroom residences designed to appeal to a broad tenant base.
• Contemporary apartment interiors featuring upscale finishes, open layouts, in-unit laundry, and individually controlled utilities.
• Strong amenity package including fitness center, media lounge, package management area, recreational party room, rooftop lounge and terrace with panoramic views.
• Professionally designed residential lobby creating an attractive first impression for residents and guests.
• Covered and surface parking available, enhancing convenience within a vibrant downtown setting.
• Institutional-quality construction with a favorable tax-abatement period and potential for continued rental growth.
   

PARCEL 2 – SIGNATURE 25,000+/- sf COMMERCIAL SPACE WITH UNLIMITED POTENTIAL
Currently Configured as an Event Venue, Professional Office and Coworking Space — Adaptable for Retail, Medical, Office,Educational, Fitness and Other Commercial Uses

• Distinctive architectural features blend historic character with modern redevelopment, creating an unmatched customer experience.
• Signature event and banquet venue with capacity for large-scale social, corporate, and community gatherings.
• Purpose-built event infrastructure includes caterer service areas, dedicated elevators, rooftop lounge and terrace, skylight atrium and magnificent vault bar.
• Modern office accommodations positioned for owner-users. Designed to be corporate headquarters, professional firms, or long-term tenancy.
• Highly visible downtown presence with strong accessibility, parking, and exceptional repositioning or operational upside. Scouted by Netflix as a potential filming location for three feature productions since opening

ONLINE AUCTION
Bidding opens Tuesday, November 10, 2026
Bidding concludes Thursday, November 12, 2026 

Property Previews 12 To 2 PM: Wednesday, October 21st & Monday, October 26th

Property Address: 2003 Morris Avenue, Union Township, Union County, NJ 07083

Take the next step!
Join the maxspann.com bidders club, then click on the large red button to pre-register and download the property information package. 

Questions?
Call 888-299-1438 or email auctions@maxspann.com