Colts Neck horse farm sold at auction to mystery buyer after 55 years in one family
Colts Neck horse farm sold at auction to mystery buyer after 55 years in one family
Olivia Liu
Asbury Park Press
COLTS NECK - Overbrook Farm, which was the birthplace of the Graded stakes-winning racehorse Irish War Cry, sold for $6.1 million at auction.
Max Spann, president and owner of Max Spann Real Estate & Auction Co., said he can’t disclose any information about the buyer, but that the 235-acre farm drew “over 15 qualified bidders with funds” and “over 100 preregistrations for the auction.”
The farm, which has been in the Bailey family for over 55 years, has served as a breeding and training farm with a half-mile racetrack on the property.
Richard E. Bailey, a sports television executive, bought Margate Farm in 1969, according to an Asbury Park Press article.
Overbrook found the spotlight in 2017 when one of its own, Irish War Cry, chalked up a win in the Wood Memorial and finished second in the Belmont Stakes. The colt was owned by Isabelle de Tomaso, the daughter of Monmouth Park founder Amory Haskell.
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Former Dan Shantz greenhouse complex sold for $4.5 million in auction
Former Dan Shantz greenhouse complex sold for $4.5 million in auction
LehighValleyNews.com | By Jay Bradley
Published November 6, 2024 at 3:30 PM EST
LOWER MILFORD TWP., Pa. — The former Dan Schantz farm and greenhouse complex may be turning a new leaf, as it was sold for $4.5 million in an auction Wednesday.
The former greenhouse and wholesale outlet at 8025 Spinnerstown Road, Zionsville, became available after the company went out of business late last year.
Max Spann of Max Spann Auctions, who oversaw the sale, said the identity of the auction winner is not yet public, but the sale would be closed within 50 days.
He said the new owners are professional greenhouse operators, and that, because of legal easements, it would be difficult to do anything else on that property.
Advertised as a "major greenhouse operation on 95+/- acres of preserved farmland" with 16 acres under glass, the facilities also include production, warehousing, equipment storage capabilities.
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Paterson’s Art Factory to go up for auction in U.S. Bankruptcy Court sale
Paterson’s Art Factory to go up for auction in U.S. Bankruptcy Court sale | Paterson Times
The Art Factory, a prominent creative center in Paterson that has fostered a dynamic community of artists, musicians, and creators, will be auctioned on Nov. 26 by Max Spann Real Estate & Auction Company in an auction ordered by the U.S. Bankruptcy Court.
Located at 60-70 Spruce Street, the Art Factory spans 230,000 square feet across 21 buildings in the Great Falls Industrial Park. Situated on 4.78 acres along Paterson Great Falls National Park, the property is 12 miles from New York City and minutes from Interstate 80. Originally built in the mid-1840s as the American Hemp Company, the site gradually transformed into a cultural hub and was most recently home to the Art Factory, featuring artist studios, workshops, event spaces, and performance venues.
Nicknamed “Hollywood East,” the campus has hosted major film and television productions, including The Irishman, West Side Story, and Doctor Strange, drawing attention for its versatile facilities and unique setting.
“A hub of the American industrial revolution, Paterson has long been a beacon of creativity and innovation,” said Max Spann Jr., president of Max Spann Real Estate & Auction Company. “We expect this auction to attract a diverse group of bidders considering all the possibilities the property offers. We’re excited to see how the next chapter of the Art Factory unfolds.”
Paterson Times
November 6, 2024
Why Sell Your Property at Auction?
Auction sales in real estate have seen a steady increase in recent years, with more buyer engagement from owner-occupant consumers. There are four reasons why selling via auction could be the right choice: there's no ceiling in a competitive market, auctions save time and money in slow markets, auctions attract serious buyers, and owners can know the exact date their property will sell. By utilizing auction platforms, sellers can avoid high carrying costs like mortgage payments, taxes, and home maintenance.
Max Spann Real Estate & Auction Co. Sells over $10M in Historic Auction of Remaining Sandy Damaged
Max Spann Real Estate & Auction Co. Sells over $10M in Historic Auction of Remaining Sandy Damaged Homes Throughout Staten Island, NY
Owner of Middle Eastern restaurant buys iconic Libby’s Lunch site in Paterson (northjersey.com)
Libby's Lunch in Paterson Courtesy Kristin Coursen
Sal Washah, owner of Kanoon in Clifton, will replace the Libby's Lunch building with a restaurant and cafe. overlooking the Great Falls in Paterson.
PATERSON PRESS
Joe Malinconico
PATERSON — The owner of a Clifton restaurant where the menu features Middle Eastern smoked meats emerged as the high bidder on Tuesday to buy the iconic Libby’s Lunch hot dogs property at Paterson’s Great Falls, officials said.
In an online auction, Sal Washah outbid several other restaurant businesses by making a commitment to spend $850,000 to acquire the Libby’s property from the city of Paterson, officials said.
Mayor Andre Sayegh was jubilant over the outcome of the auction, conducted by Max Spann Real Estate, for a property assessed at $525,000.
The End of an Era: Libby’s Lunch and the Historical Significance of Paterson Real Estate
In the bustling city of Paterson, New Jersey, lies a piece of history that has stood the test of time for over eight decades. Libby's Lunch located on McBride Avenue and across from the majestic Great Falls on the Passaic River, has been a hot dog lovers must visit since its inception in 1936.
Alex Spann Joins Max Spann R.E. & Auction Co: 5th Generation of Auctioneers in the Spann Lineage
“Fifth Generation in the Storied Company”
Max Spann R.E. & Auction Co., the nationally recognized real estate auction company, is pleased to announce the addition of Alex Spann to its team. With this move, Alex Spann proudly carries on the family tradition, becoming the fifth consecutive generation of auctioneers in the Spann lineage.
Old Pines Inn in Frankford Township NJ Going up for Auction
Press Release for Upcoming Frankford Twp, Sussex County & Mansfield Twp, Warren County properties. 8/3/22
Tiny N.J. town to auction off 78 residential lots to make ends meet - nj.com
By Josh Solomon | NJ Advance Media for NJ.com
Penns Grove borough government may be short on money, but it’s long on property.
The economically depressed Salem County enclave surrounded on three sides by Carneys Point and the Delaware River on the fourth gets nearly a half million dollars a year in state aid just to help it cover its bills.
But the borough also has an outsized real estate portfolio. Of the approximately 1,800 parcels in the 1-square-mile community, the local government owns about one in every 18 of them.
This month, the borough is hoping to even things out by putting most of its estate up for auction. It contracted with Max Spann Real Estate and Auction Company to unload 78 properties from its portfolio, selling them to homeowners or investors in an effort to get them back on the tax rolls. The sale, originally scheduled for March 1, was pushed to March 15, and runs through March 18.
Former County Administration Building Sold in December 3rd Auction
81,386+/- SF of office/warehouse Under High Bid at just over $5.5M.
Posted to EIN Presswire
Historic Stafford Farm in Voorhees to be sold at auction; preserved for agricultural uses only
Historic Stafford Farm in Voorhees is being sold.
The farm dates from a 1773 land grant from Gen. George Washington to his personal guard, Lt. John Stafford, and is preserved as farmland by the state
Article by Neill Borowski, Editor, 70and73.com
Townships Utilize Max Spann’s Online Services to Sell Real Estate at Auction
During this pandemic period, government agencies are seeking safe, effective means to sell their real estate thereby raising much needed revenue in these challenging times. Max Spann’s all online virtual auction program is the perfect solution. Posted to EIN Presswire.
Hunterdon home sales are up while commercial real estate struggles during the coronavirus pandemic
Residential real estate is booming across Hunterdon County. By Caroline Fassett | NJ Advance Media for NJ.com
Max Spann Covid-19 Response Program for our Government Clients
Max Spann Covid-19 Response Program for our Government Clients
“Raising Government Revenue in our Current Climate”
We hope this message finds you, your family and co-workers safe and healthy. As we are beginning to see the flattening out of the Covid-19 contagion, our Company has implemented a strategy to conduct business on behalf of our clients while adhering to CDC guidelines and other health policies for the protection of the greater community. Business will continue and Max Spann has the Competitive Bid Solutions to help our clients sell their properties quickly and efficiently.
To that end we have following components in place and ready:
• An online only Auction platform in which buyers can bid from their phones or computers.
• “Virtual” property tours where prospective bidders can review a Property on-line.
• A carefully structured open house plan which would limit and space out physical visits.
• A virtual data room where prospects can download detailed property information packages (PIPS).
• Structured Sales, Sealed Bid and RFP Management Services.
• Electronic Signature and money wiring services to efficiently handle contract management.
With these programs in place we are looking to proceed with auctions we had postponed at just prior to the outbreak and are targeting the end of May 2020 . We are now looking at our June calendar as well for new prospect clients.
Covid-19 will certainly change the way we do business and we are ready. We do see delays and some challenging times ahead however, interest Rates are lower than ever before, buyers are looking for new locations with home offices and a new dynamic on how we interact. Remember, our Government Program.
Benefits of a Professional Max Spann Multi-Media Marketing Campaign
- Expanded geographic pool of buyers achieves the highest competitive values
- No Cost to the Municipality—Max Spann Auction Co. pays upfront marketing - Purchasers pay commission
- Max Spann Auction Co. handles all inquiries— No Burden on your staff
- Auction process assures transparent transaction
Contact us today to learn more about our Covid-19 Response Program.
Be safe and healthy!
Max Spann, Jr.
President
info@maxspann.com
888-299-1438 x10
