Friday, June 29, 2007

$3.6 million for 9 units

Here's a link to a worthwhile piece in The Record, which has more information as to the final outcome of the Velocity Hoboken auction last Sunday - general interest, pricing, quotes from bidders, etc. There are some good quotes fom REMI, too. Here are some highlights:

- The auction sold $3.6 million worth of property
- All apartments went for higher than the asking price
- The biggest interest was in one bedroom units
- About 200 people attended
- REMI estimates 20 apartments will sell within a weeks time

Condo Auction Draws Crowd

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