Auction to be held Thursday in Ridgewood
JANUARY 9, 2015 LAST UPDATED: FRIDAY, JANUARY 9, 2015, 3:43 PM
BY LAURA HERZOG
STAFF WRITER |
THE RIDGEWOOD NEWS
A coveted Ridgewood liquor license – plus Beanie Babies, greeting cards, and back supports – will be up for grabs at a public auction next week at Harding Pharmacy and Liquor.
The auction will take place on Thursday, Jan. 15 at 11 a.m.
According to David Edelberg, a lawyer for the landlord plaintiff, Clotco, Inc., the total amount owed to the landlord, the Internal Revenue Service (IRS) and the state is “approaching a half-million dollars.”
His client was owed more than $200,000, he said, and around $40,000 was due in sales taxes.
“I would say my client who knew [the owner] was overly accommodating for too long a period of time,” said Edelberg, who became involved in June. “A lot of landlords, you’re behind 18 months to two years, [they] do something.”
His client started an eviction against the owner, but was able to settle on terms “whereby he agreed to vacate” and proceed with the auction sale, he noted.
According to auctioneer Michael Sklar, of A.J. Willner Auctions, the lucrative Ridgewood “D” liquor license is expected to go for around $250,000.
Other items for sale include 600 bottles of wine and liquor; the alcohol can only to go to a licensed liquor holder, Sklar said.
“Someone who wants to buy it for a New Year’s Eve party, they can’t buy it,” he said.
The rest of the items at the auction, including the store fixtures, will be for sale to the public. A minimum of a 25 percent deposit is due at the time of a successful bid, in cash, certified or cashier’s check, according to the auction website.
https://www.northjersey.com/news/business/auction-set-for-thursday-1.1189281