ON-SITE FORECLOSURE AUCTION - AUGUST 13, 2025 AT 12:00 PM
Email Info@Sullivan-Auctioneers.com to request additional information.
TOURS BY APPOINTMENT ONLY
A rare chance to acquire this 70-unit apartment complex known today as The Linden, modern 4-story complex consisting of 55 one-bedroom and 15 two-bedroom apartments. There are 9 affordable units: 7 one-bedroom and 2 two bedroom apartments. Included are 68 parking spaces: 42 inside and 26 outside, as well as rental storage units, fitness center, EV charging stations and more.
AUCTION TERMS: A deposit of One Million Five Hundred Thousand Dollars ($1,500,000.00) will be required for a bid on the mortgaged premises. The deposit shall be paid by federal wire transfer into an escrow fund to be determined by Berkshire Bank into as non-refundable earnest money. An additional deposit which raises the total deposit to ten percent (10%) of the purchase price is to be paid within three (3) business days following the sale by wire transfer to an account to be designated by Berkshire Bank, the total of both deposits representing a non-refundable earnest money deposit towards the purchase price to be held at the option of the Mortgagee as liquidated damages for any default by the successful bidder. The balance is to be paid by federal wire transfer to an account to be designated by Berkshire Bank, on the thirtieth (30th) day following the date of the sale, at 10 AM at which time the deed shall be delivered at the firm of Rainen Law Office, P.C. The successful bidder will be required to sign, at the Public Auction, a Memorandum of Sale, containing the above terms and any additional terms announced at the Public Auction. In the event that the successful bidder shall default under the terms of this notice and/or the terms of said Memorandum of Sale, the holder of the Mortgage reserves the right to purchase the premises in its own name, or in that of a nominee, or to sell the premises by foreclosure deed to the next highest bidder, all at the next highest amount bid at such auction.