{"id":19336,"date":"2026-06-28T23:13:59","date_gmt":"2026-06-29T04:13:59","guid":{"rendered":"https:\/\/1reason.com\/re\/auctionadvisors-to-auction-four-income-producing-northern-new-jersey-investment-properties-in-court-ordered-receivership-sale\/19336\/"},"modified":"2026-06-29T18:13:59","modified_gmt":"2026-06-29T23:13:59","slug":"auctionadvisors-to-auction-four-income-producing-northern-new-jersey-investment-properties-in-court-ordered-receivership-sale","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/auctionadvisors-to-auction-four-income-producing-northern-new-jersey-investment-properties-in-court-ordered-receivership-sale\/19336\/","title":{"rendered":"AuctionAdvisors to Auction Four Income-Producing Northern New Jersey Investment Properties in Court-Ordered Receivership Sale"},"content":{"rendered":"<div> The properties will be offered individually at a live auction on Tuesday, July 14, 2026, at 6:00 p.m. at the Ramada by Wyndham East Orange.  <\/p>\n<p>The offering includes a diverse collection of stabilized multifamily and mixed-use assets strategically located in two of Northern New Jersey&#8217;s strongest rental markets.<\/p>\n<p>The portfolio includes:<\/p>\n<ul>\n<li>101 South Day Street, Orange \u2013 Three-story mixed-use building with one commercial space and two apartments.<\/li>\n<li>304 Central Avenue, Orange \u2013 Mixed-use building with one commercial\/medical office, five apartments and three garages.<\/li>\n<li>146 Wakeman Avenue, Newark \u2013 Seven-unit apartment building.<\/li>\n<li>712-714 Summer Avenue, Newark \u2013 Seven-unit apartment building.<\/li>\n<\/ul>\n<p>The properties feature strong in-place occupancy, dependable rental income, and opportunities for future rental growth and operational upside. Located in transit-oriented neighborhoods with convenient access to New York City and major employment centers, the assets are well-positioned to benefit from continued demand for multifamily housing throughout Northern New Jersey.<\/p>\n<p>&#8220;This auction represents an outstanding opportunity for investors seeking stabilized, income-producing real estate in markets that continue to demonstrate long-term strength,&#8221; said Joshua Olshin, Managing Partner of AuctionAdvisors. &#8220;With four properties being offered individually, buyers have the flexibility to acquire exactly the assets that fit their investment strategy. Opportunities to purchase well-located, cash-flowing properties through a transparent auction process like this don&#8217;t come along very often.&#8221;<\/p>\n<p>The auction is being conducted as part of a court- supervised receivership process. Low reserve prices provide investors with an attractive opportunity to acquire quality assets at competitive pricing. A broker coop of 2% is being offered to duly qualified buyer brokers.<\/p>\n<p>Auction Details<\/p>\n<p>Date: Tuesday, July 14, 2026<br \/>Registration: 5:00 p.m.<br \/>Auction Begins: 6:00 p.m.<br \/>Location: Ramada by Wyndham East Orange<br \/>120 Evergreen Place<br \/>East Orange, NJ 07018<\/p>\n<p>For additional information please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QgASy5uR6XYgFj81ZRqZUJUKJKVFuvp2jZhJFYz-h5paxhobK36OYKHMoUPL6K1CBFZP9NYHBCJ6mp9NXwvSdKm_72136zTerNWqoHegEVQIC0L9VQgDBiMXIu4QrG3a\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/auctionadvisors.com\/essex<\/a>, or contact:<\/p>\n<p>Oren Klein<br \/>Managing Partner<br \/>973-753-1313 ext. 703<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ByWCa1lbmLstwUcfrOUdhahFQi01UajvoG7P4RpOrw9shSO-AWrHI_icvDMPNMh0RrIqGhZxgo2kV2Hsp-3qi5o7iV3NNgbvYAAQnOtQFRvlOadgyz_CFSdczaKFmUZ4\" rel=\"nofollow noopener\" target=\"_blank\" title=\"oklein@auctionadvisors.com\">oklein@auctionadvisors.com<\/a><\/p>\n<p>About AuctionAdvisors<br \/>AuctionAdvisors is a national auction and advisory firm specializing in the liquidation of assets in federal and state court receiverships, bankruptcy sales and the sale of distressed assets.<\/p>\n<p>A photo accompanying this announcement is available at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=QgASy5uR6XYgFj81ZRqZUOXookmGQ_RTPDpgDq5YbDjj8fvr-MCsV78DsvJfrE_-pLAuY3niJbZZS7NCx3daPN13kZtHZNALFzadm5lGpds549BXddEfP0ZXqeo8PU0zwHMLVEOgbA5v1ySKt_CM6poqMRIwxGLbYglgVvTfCG9JKaUQRriMnuDgDU-vc9KTNH5csHVIuFmSw5E4ysUwSSVRkhsZsMrO-MvgTUNtcuY-VE5nOgI0t1FqeOjyrWIhuAqtb8xX4p0mXVVM8fsgaw==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\">https:\/\/www.globenewswire.com\/NewsRoom\/AttachmentNg\/65cdadb9-93c7-414a-a464-95e0a7718c73<\/a><\/p>\n<p><img alt=\"\" src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/NThiZjkzZTktOWM2YS00MzQxLThjM2EtMTM5NTQzMDgzOGQ1LTEzMjQyNDEtMjAyNi0wNi0yOS1lbg==\/tiny\/Auction-Advisors.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Properties in Orange and Newark to be Offered Individually on July 14<\/p>\n<p align=\"center\"><img loading=\"lazy\" alt=\"Receivership Auction: Essex County\" height=\"338\" src=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/65cdadb9-93c7-414a-a464-95e0a7718c73\/essex-image.jpg\" width=\"600\" data-dpi=\"96\" data-caption=\"Receivership Auction: Essex County\" data-filename=\"essex image.jpg\" \/><\/p>\n<p>MONTCLAIR, N.J., June 29, 2026 (GLOBE NEWSWIRE) &#8212; AuctionAdvisors announced it has been retained to conduct the receivership auction of four income-producing investment properties located in Orange and Newark, New Jersey.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19336"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=19336"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19336\/revisions"}],"predecessor-version":[{"id":19344,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/19336\/revisions\/19344"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=19336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=19336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=19336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}