Properties Generate More than 200 Inquiries from Potential Bidders
(Central Islip, NY – December 23, 2014) – Maltz Auctions, a premier full-service auction company serving the New York metropolitan region, announced today that it has completed two highly successful auctions on redevelopment sites in Connecticut that offer multiple business opportunities for the buyers. One property, a 247,000-square-foot multi-use building in New Haven, was sold for $3.71 million. The other, a 12 acre site in Rocky Hill, sold for $1.8 million.
The auctions generated more than 200 property inquiries and 15 bidders. The New Haven site was marketed to offer retail, office, warehouse, light manufacturing and other viable uses. The Rocky Hill property was promoted as offering prime redevelopment opportunities for mixed-use, retail, residential or office space. Seller financing was available for both properties.
With years of no success selling the traditional route, this non-distressed owner decided to take control of the selling process. In just 90 days, Maltz Auctions compiled a comprehensive due diligence, marketing and bidding process that resulted in a happy seller and buyers.
“Our ability to generate prime opportunities for both buyers and sellers provided maximum return for investment,” said Richard Maltz. “Through our multiple channels and deep reach in the marketplace, we create the best possible outcome – and the best value – for the interested parties.”
The sites are just two of many properties – including luxury, commercial, private and multi-dwelling residential sites – auctioned by Maltz Auctions. In addition to real estate, Maltz Auctions divisions include automobile, heavy construction, intellectual property, personal property and estate auctions. The company also offers expertise in liquidations, appraisals, and brokerage.
To learn more about upcoming opportunities and about Maltz Auctions, including its automobile auctions held every other Tuesday at its Central Islip facility, visit MaltzAuctions.com.
About Maltz Auctions
Maltz Auctions is a premier, full-service auction company specializing in creating liquidity through the auction method of marketing. Now a $100+ million company with an impeccable reputation for professionalism, integrity and success, Maltz Auctions has conducted thousands of auctions on behalf of such clients as the U.S Bankruptcy Courts and financial institutions throughout the country, the U.S. Department of Justice, Internal Revenue Service, Small Business Administration, as well as law firms, private individuals and corporations, nationwide. The 35-year-old firm is nationally recognized as a trusted name in excellence and achievement.