The Aristocrat

$6,010,500 - Weehawken, NJ

Condominium

Challenge
Market Downturn

The Aristocrat is a 16-unit condominium building located in Weehawken, New Jersey. The building was completed during a severe downturn in the real estate market, resulting in little buyer interest and financing issues.

Solution
In a proactive approach, the developer retained Sheldon Good & Company to conduct a highly publicized 6-week auction program.

Results

  • 1,100 property tours
  • 150 registered bidders
  • All 16 units sold
  • Total Sales: $6,010,500

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