North Bergen condo auction

August 7, 2009 3:57:37 PM PDT
It's a sign of the times. A developer of a condo project in New Jersey is about to auction of his half million dollar apartments. Twenty units will go on the block on Sunday at the Meadowland and the starting bid is what was once the down payment--less than $100,000. And they have all the amenities from granite counter tops, exotic hardwood floors, jacuzzi's to walk-in closets. The condominiums at Carlson's Court in North Bergen are now being auctioned in a builder's close-out.

There are 20 condos, 16-two bedrooms, four-one bedrooms in six models. But in a troubled housing market, even with units coming with covered parking on Kennedy Blvd. in North Bergen, the auction becomes necessary, and auction companies say business is up 50%.

In addition to the winning bid, you can expect to pay a buyer's premium of 10% closing costs--roughly two to three percent and common charges ranging from 78 to 102 dollars a month.


NEW YORK AND TRI-STATE AREA NEWS

USEFUL LINKS:
REPORT A TYPO ||  GET WIDGET

VIDEO: Eyewitness News ||  VIDEO: ABC News  ||  VIEWER PHOTOS & VIDEOS || 

  • EYEWITNESS TWITTER

  • FIND US ON FACEBOOK



  • Load Comments