632-634 Martin Luther King Blvd 14 Unit Apartment Building $1,900,000 ($135,714/Unit) Newark, NJ 07102

This property is being sold via auction by a bankruptcy trustee, pursuant to a Court Order, at 11:00 a.m. (EST) on January 7, 2026. The auction sale will be conducted online via Zoom to those who qualify to bid in accordance with the Terms and Conditions of Sale. To qualify to bid at the auction sale, by 5:00 p.m. (EST) on January 6, 2026, the bid deadline, each prospective bidder must: (i) register with MYC; (ii) deliver to MYC the original signed Terms and Conditions of Sale; and (iii) tender the Required Deposit. The required deposit is $190,000 and must be in the form of a bank check made payable to “Mark A. Frankel, as Trustee”. The Auction Registration Form and Terms and Conditions of Sale are annexed to this listing.
This property will be delivered in “as-is, where-is” condition subject to all existing tenancies and occupancies. Any sale of this property is "all-cash" and will not be contingent upon financing. As a condition of closing, any purchaser must pay all applicable transfer taxes plus a six percent (6%) buyer's premium. This property will be sold free and clear of all liens, claims, and encumbrances.
Originally built in 1950 and renovated in 2013, this property is mixed-use with a Gross Building Area of +/-16,000 SF. There are 14-Residential Units of which 10 are currently vacant. There are 4-Commercial Units of which 1 is currently vacant. There are 4, 2-Bedroom Apartments and 10, 1-Bedroom Apartments.
Inspections are BY APPOINTMENT. Do not attempt access without being accompanied by a representative of MYC & Associates, Inc.
All information provided by MYC & Associates, Inc. is from public documents or third-party sources, is not guaranteed and should be independently verified. The information is subject to errors and omissions. The subject property may be sold or withdrawn from the market without notice. MYC & Associates, Inc. does not represent or warrant the accuracy, authenticity, or completeness of any information and is not liable for any reliance thereon.