16A — February 12 - 25, 2016 — Auction — M id A tlantic

Real Estate Journal


A uctions

Warner Real Estate represented the seller and buyer in the sale Warner sells 61 +/- acre preserved farm & seven unit investment for $225,000 N

EW JERSEY — War- ner Real Estate & Auction closed on a 61 +/- acre preserved farm in Lower Alloways Creek/Quin- ton Townships on January 22, 2016 for $225,000. The farm included block 29, lot 2 (Quinton Township) and block 10, lot 2 (LAC Township). The farm consisted of 57 +/- till- able acres and one exception area to build a single family home. Soil types were mostly silt loam. Warner Real Estate represented the seller and buyer in the sale. The seven unit investment

61 +/- acre preserved farm in Lower Alloways Creek/Quinton Townships

property situated on 3.96 +/- acres located in Mannington

Township consisted of five single family homes and one

3.96 +/- acres located in Mannington Township

duplex. The property was fully rented with a net operating income (NOI) of about $54,000 per year. The property sold for $215,000 and the buyer plans on making renovations to the property to increase the net income and hold the property in his investment portfolio. n Auct ion Profes - sionals “Sold” on Auctioneers Day MID ATLANTIC, USA — The third Saturday in April marks a special day in the lives of auction professionals — “National Auctioneers Day.” This special day is recognized by auction professionals as a day to reflect back on one of history’s oldest professions and celebrate the industry’s future. The last bastion of the com- petitive free enterprise system, the auction method of market- ing and the age-old profession of auctioneering continues to grow every year. The most recent research indicated that about a quarter-trillion dollars in goods and services are sold by auction professionals every year in the United States. Online or on the lawn, auc- tions continue to grow in popu- larity with consumers. Bidders enjoy the thrill of competition and the rush that comes with the chase for treasures. Auc- tions are the most fair, trans- parent and efficient means of selling assets at true market value. Most importantly, con- sumers understand this and regularly come back to auc- tions because they are fun and entertaining. The National Auctioneers Association and its members encourage the public to enjoy Saturday, April 16, by attend- ing an auction. n

609-448-SOLD (7653) Serving New Jersey, Pennsylvania, New York and Delaware

Alfred’s Auctions Inc. PO Box 861 Hightstown, NJ 08520

Alfred’s Auctions, Inc.

Your Company CAN sell real estate at auction, just hire the right auctioneer, fee based so your company can reap the profits. Real Estate at auction is a simple and quick process that can add $$ to your bottom line. We also turn inventories, stock and equipment into cold, hard cash. Alfred J. Finocchiaro CAI, GPPA Auctioneer Appraiser Marketer is a full service auction provider and auction- eer since May 1980, Incorporated 1992 with over 10,000 hours on the block. Past President NJSSA, NJ State Bid Call Champ, Member NJSSA, NAA, PAA, National Auc- tioneer’s Designations CAI and GPPA, Auction License AU-005707, NJ RE Agent.

A ppraisals R eal Estate E quipment A ntiques

A full service auction provider & auctioneer since 1980 Your “AREA” Auctioneer Contact us today and we will start you on the path to a successful auction!

Alfred J. Finocchiaro CAI, GPPA Cell: 609-847-0071 E: alfred@alfredsauctions.com

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