8 Of the Residences To Be Sold “Absolute” Regardless Of Price
At Well-Located Building Just Minutes From Business Centers in Manhattan & Northern and Central NJ.
EAST RUTHERFORD, N.J. – A selection of 20 residences at Cortland 
Arms, a luxury new-construction condominium community in East Rutherford, N.J., is scheduled to be offered at auction on November 1st by Sheldon Good & Company, A Racebrook Portfolio Company, America’s leading real estate auction marketing firm.
Originally priced from $459,900 to $496,500, the two bedroom/two baths, two-bedroom/two-and-a-half baths and duplex residences in the two-building complex at 132 Union Avenue will be released at suggested opening bids as low as $150,000, according to the national real estate auction firm. Eight of the residences will be sold “Absolute,” regardless of price. A 2% discount from the high bid price will be given to purchasers who elect to close within 15 calendar days following the seller’s execution of the contract.
“With opening bids that represent a discount of up to 69% from original prices, this is a fantastic opportunity to own a brand-new, luxury condominium — many of which feature Manhattan skyline and Meadowlands views,” notes Lawrence Samberg, Managing Director of Sheldon Good & Co.
“Residents enjoy the incredible convenience of a location within walking distance of New Jersey Transit buses and trains, as well as easy access to NY Waterway ferries and PATH trains, and a well-developed highway network including the Garden State Parkway, New Jersey Turnpike and Routes 3, 17, 80 and 120 — all providing a phenomenal commute to business centers in Manhattan and northern and central New Jersey.
Building amenities at Cortland Arms feature an in-ground pool and center courtyard. Homes offer a host of upgrades, attractive finishes, stunning views and spacious floorplans ranging in size from 1,225 to 1,281 square feet of luxurious living space.
“These are condominiums of distinctive character, with touches that today’s discerning buyers covet most,” Mr. Samberg indicates. “Gleaming hardwood floors and ceramic tile entryways add a sophisticated air, while open kitchens with stainless steel appliances and granite counters create the perfect place to dine and entertain.
Master bedrooms have en-suite baths and generous walk-in closets. Residents enjoy the convenience of laundry hook-ups in each home and indoor and outdoor parking spaces.”
Considered an inner-ring borough of New York City, East Rutherford is home to the world famous Meadowlands Sports Complex that includes the Izod Center, Giants Stadium and the soon-to-open Xanadu entertainment complex. Cultural and entertainment opportunities are boundless; great shopping, fine dining, and places of worship are within walking distance. In addition, East Rutherford enjoys close proximity to a number of hospitals, public schools, and seven colleges.
The Nov. 1st auction will be held at the Hasbrouck Heights Hilton, 650 Terrace Avenue. Registration begins at 11:00 am; the auction commences at noon. Certified or cashier’s checks for $15,000 are required to buy.
Viewing dates are scheduled for October 10, 11, 17, 18, 24, and 25, from 11:00 am to 2:00 pm. For directions to the community from various locations, please go to “Map this Property” on Sheldon Good’s website: http://www.sheldongood.com/courtland.php. The property is also accessible via New Jersey Transit bus and rail.
A Bidder’s Information Packet and Public Offering Statement have been assembled, each containing specific information related to the condominiums, the auction, and the terms of sale. The Packet will be available at a cost of $20 during all on-site inspections and at Sheldon Good’s Manhattan Office (635 Madison Avenue, Suite 1203). The material can also be obtained via FedEx second-day delivery for an additional $25.00 shipping fee.
“The purchase of a Bidder’s Information Packet is a requirement to bid,” Mr. Samberg points out.
For more information, call Sheldon Good’s auction line (212 213-9770), FAX the company (212 213-9802) or visit its special website created for this auction (sheldongood.com/ courtland.php).
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