Auction Information
0.27 Acres in Glen Rock, NJ
Auctions: 2:00 PM 10/18/2018 Nominal Opening Bid: SELLS WITHOUT RESERVE. Background .Unoccupied two-story residential house in upper-middle class residential neighborhood, approximately 20 miles from NYC .ExxonMobil purchased the property in 2002 as part of an ongoing environmental claim .Mobil operated a service station (362-370 Lincoln Avenue) across the street prior to 1988 .Station Property owned by 362 Lincoln Hawthorne, LLC since 1992 .EM assigned its lease to ConocoPhillips (Tosco) in 1999, but retained environmental responsibility .In 2004, ConocoPhillips assigned lease to Getty Petroleum (Getty); In 2005, first amendment (COP II) to 199 market sales agreement was executed through which environmental liability was transferred to ConocoPhillips and to Getty .Site is zoned Low Density Residential/Commercial Current Status / Environmental Conditions .Open environmental case; howe...
Auctions: 2:00 PM 10/18/2018 Nominal Opening Bid: SELLS WITHOUT RESERVE. Background .Unoccupied two-story residential house in upper-middle class residential neighborhood, approximately 20 miles from NYC .ExxonMobil purchased the property in 2002 as part of an ongoing environmental claim .Mobil operated a service station (362-370 Lincoln Avenue) across the street prior to 1988 .Station Property owned by 362 Lincoln Hawthorne, LLC since 1992 .EM assigned its lease to ConocoPhillips (Tosco) in 1999, but retained environmental responsibility .In 2004, ConocoPhillips assigned lease to Getty Petroleum (Getty); In 2005, first amendment (COP II) to 199 market sales agreement was executed through which environmental liability was transferred to ConocoPhillips and to Getty .Site is zoned Low Density Residential/Commercial Current Status / Environmental Conditions .Open environmental case; however, EM not responsible for remediation (Getty RP). Remediation to continue post transaction; Lead and asbestos sampling conducted in 2015 and both identified in the building .Ventilation system required for below grade construction .Basements are permitted .Residential not permitted. ExxonMobil Note: A Buyer's Premium (Buyer's Fee in WI) will apply for this property. Please see Terms of Sale for details. Broker Licenses: NJ Peter Costanzo Auctioneers, Inc. Peter Costanzo, Broker (732) 776-7222
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