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- Franklin Armory, former National Guard armory and property (24277826)
Franklin Armory, former National Guard armory and property
Listing Number: 24277826 | Trenton, NJ US | NJ Real Property Management 0 Seller's Other Auctions
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aerial view.pdf
Auction Ended:
Final Bid:
$930,000.00
Bids:
5 Bids
Auction Details
| Starting Bid: $930,000.00 | |
| Current Price: $930,000.00 | |
| Buy Now Price | $0.00 | No Reserve Available for immediate purchase. |
| Buyer's Fee: 7.00% - 5.00% - 0.00% |
| Start Date | |
| End Date | [Extended] |
| Bid History | 5 Bid(s) |
| High Bidder | johnnyk2020 j*********0 |
| Page Views | 9231 |
Payment Details
All perspective bidders must submit a $5,000.00 deposit to participate. This deposit must be a certified or cashier's check, made payable to the State of New Jersey, Department of The Treasury. This deposit is fully refundable to non-winning bidders. The deposit will be applied to the purchase price for the winning bidder. DEPOSIT CHECK MUST BE RECEIVED 72 HOURS PRIOR TO END OF AUCTION. ONLY ELIGIBLE BIDDERS MAY PARTICIPATE IN AUCTION. ALL NON ELIGIBLE BIDS WILL BE DISREGARDED AND REPORTED TO MUNICIBID. PLEASE DELIVER DEPOSIT CHECK TO:STATE OF NEW JERSEY DEPARTMENT OF THE TREASURY 33 WEST STATE STREET 9TH FLOOR TRENTON, NEW JERSEY 08608 ATTN: BRIAN ADAMS
Item Description
The property to be auctioned is a former State of New Jersey, Department of Militay Affairs Armory. It is located at 12 Munsonhurst Road, Franklin Borough, Sussex County , New Jersey 07416. The property consist of 2 buildings:
Building #1: 15,600 sq ft +/- Armory building approximately 60 Years Old, that includes a gym, offices and meeting spaces.
Building #2 7,729 sq ft +/- Masonary garage building
The buiidings are situated on a 10.446 +/_ acresite, with an ample parking lot.
PROPERTY IS SOLD AS IS: HOW IS
Additional information on this Auction
| Custom ID | RPR 11-19 | |
| Will Item results be voted on | No | |
| Will you ship this item | No. Pickup only. | |
| In person item inspection information | Drive By Inspections Only |
Questions/Answers Ask the seller a question about this auction.
You must be signed in to ask and answer questions.
Q: |
"Any environmental issues exist in buildings or land?" - Asked by #567008 08/17/2019 02:12 PM |
A: |
No known environmental issues.
-Answered on 08/19/2019 05:53 AM |
Q: |
"I am interested in property, but I think staring price is way off. can we try to put a deal together ?" - Asked by #5177521 10/03/2019 04:29 PM |
A: |
The Starting minimum bid price was determined and derived by a 3rd party MAI Appraiser and is non negotiable as it was approved by the New Jersey State House Commission
-Answered on 12/05/2019 05:37 AM |
Q: |
"All of these armories have a lot of asbestos in the building materials of the building. Has a Asbestos / lead survey been done on the building. Point of reference these building can cost well into the 6 figures to abate " - Asked by #14032720 12/14/2019 12:38 PM |
A: |
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Item location This location is a general area based on the sellers zip code. It is not the specific address where the item is located.
Our Buyers Fees
With Municibid, pricing is clear, up-front and transparent. A buyer's fee (% of the winning bid amount) will be charged directly to the winning bidder upon the close of each auction via the credit card you entered prior to placing the bid. You pay the selling agency directly for the full cost of the item. (unless otherwise noted)
All Buyers fee's are aggregate unless otherwise noted. This means after you cross certain price thresholds you will pay a different buyers fee for the remaining amount. See below for an example.
Example:
If buyers fee is 8% for bids up to $99,999.99, 5% for bids $100,000 - $499,999.99, and 4% for bids over $500,000.
- Winning bid: $50,000: = Buyers fee: $4,000 (8% of $50,000).
- Winning bid: $150,000: = Buyers fee: $10,500 (8% of $100,000 = $8,000) + (5% of $50,000 = $2,500).
- Winning bid: $550,000: = Buyers fee: $30,000 (8% of $100,000 = $8,000) + 5% of $400,000 = $20,000) + (4% of $50,000 = $2,000).
Where can I see what the buyers fee is?
The current buyers fee will always be shown on the page of the listing under the current price in both the bid area and auction details area. You will also see the buyers fee amount you will pay for your entered bid on the page where you confirm your bid.
What if the selling agency rejects my bid?
If the government agency rejects your bid (they reserve the right to do so) your buyer's fee will be returned, in full, to you within 5 days of notification to Municibid of the rejected bid by the governing body.
Bidding Increments
Please Note: Bid increments automatically adjust based on the level of the current bid. The increments are as follows:
| If amount is greater than or equal to | The bid increment will be |
| $0.00 | $1.00 |
| $100.00 | $10.00 |
| $500.00 | $25.00 |
| $1000.00 | $50.00 |
| $2500.00 | $100.00 |
FAIR WARNING ALL SALES ARE FINAL. You are legally obligated to pay for your item per the terms of the seller if you are the high bidder at the close of auction. If you do not pay for your item, you will not receive a refund of your buyer's final sale fee, you will no longer be permitted to bid on municibid.com and will be subject to a penalty of 40% of the winning bid amount. If your credit card is declined for insufficient funds, you will be charged a $50 fee.