Bidding will begin and the highest bidder will select his/her preferred unit from within that group. If the unit is not an absolute unit then the developer will have an opportunity to decide whether or not he would like accept that bid. If the developer declines the offer, then the bidder can select a different unit from within that group or sit down and select nothing. If the developer accepts the offer, then the unit is scratched from the list and bidding will start again.
The process will be repeated until all units within that group have either been auctioned or the bidding fails to reach an acceptable price by the developer for the remaining units.

Every unit in the building comes with only one parking space. Each additional parking space will cost you $20,000.
There is also an option to buy a storage space that is 23 feet x 38 feet for $5,000.

If you intend to bid at the auction, you will need to present a cashier's check or certified funds in the amount of $10,000 made payable to Pardo & Gainsburg, LLP Trust on the day of the auction.
All winning bids will be required to pay the balance of 10% of the total contract price on the day of the auction in the form of a personal or business check.
A buyer's premium of 10% will be added to the final bid price and included in the total contract price. Make sure you take the buyer's premium into account when bidding.
The balance of the purchase price is due at closing on or before Monday, October 22, 2007..

Additional Information
Pet Policy: Two pets allowed, not to weigh in excess of 50 pounds each
Rental Policy: Minimum of 6 months
Maintenance Fee Includes: Building insurance, water, sewer, garbage, 24-hour manned security, basic cable TV and use of the common areas and amenities

Contact me if you'd like me to register you or if you have any questions regarding the auction. As the units are sold As Is, we need to visit the property together today or tomorrow. My cell phone is :305 491 5583