676-678 Springfield Ave, Newark, NJ

Listing description

What the seller provided

Sheriff's foreclosure sale of 676-678 Springfield Ave in Newark, Essex County, NJ. Case F01350425, sheriff's sale #F-26003430. U.S. Bank Trust Company, National Association, As Trustee For Velocity Commerical Capital Loan Trust 2025-2 v. Nwk Holdings Llc, A New Jersey Limited Liability Company, Et. Als.. Sale 2026-11-10. Upset amount $626,064.88 (what the plaintiff is owed; it is not a minimum bid). Plaintiff's attorney: Stern & Eisenberg, P.C. (609 397-9200). Sold to the public at the county sheriff's foreclosure auction — see the official listing for adjournments, deposit requirements and bidding terms.

How this sale works

Sheriff's foreclosure sale

A court-ordered auction, usually to satisfy a mortgage or other judgment. The plaintiff is the creditor that won the judgment; the defendant is the owner of record.

• The opening bid is commonly the judgment amount plus costs, set by the court file, not by the seller.
• Sales are typically held in person at a courthouse or sheriff's office on the scheduled date; some counties run them online.
• Expect to pay a deposit at the sale and the balance within days, and to take the property as-is with no interior inspection.
• Senior liens, taxes and occupants can survive the sale; a title search before bidding is the norm.
• In several states the borrower keeps a redemption right after the sale, which can delay possession.

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General information, not legal advice. The official sale notice controls.

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Record details

County

Essex County

Sale status

Scheduled

Contact phone

609 397-9200

Case #

F01350425

Plaintiff

U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE FOR VELOCITY COMMERICAL CAPITAL LOAN TRUST 2025-2

Defendant

NWK HOLDINGS LLC, A NEW JERSEY LIMITED LIABILITY COMPANY, ET. ALS.

Sheriff's sale #

F-26003430

ZIP

07103

Street address

676-678 Springfield Ave

Upset amount

$626,064.88

Attorney

STERN & EISENBERG, P.C.

Legal notice

SUPERIOR COURT OF NEW JERSEY | Superior Court | SHERIFF'S SALE NO. 26003430 | DOCKET NO. F01350425 | PLAINTIFF – U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, AS TRUSTEE FOR VELOCITY COMMERICAL CAPITAL LOAN TRUST 2025-2 | DEFENDANTS- NWK HOLDINGS LLC, A NEW JERSEY LIMITED LIABILITY COMPANY, ET. ALS. | Writ of Execution. | By virtue of the above stated Writ of Execution to me directed and delivered I will expose for sale at public vendue on Tuesday THE 15th DAY OF September 2026 | between the hours of 1:30 pm and 5:00 pm in the afternoon of said day, that is to say at 1:30 P.M. the prevailing time at The Leroy F. Smith Building, 60 West Market Street, 14th Floor, Newark, NJ 07102 to wit: All that tract or parcel of land, situate, lying and being in the of NEWARK, County of Essex County and State of New Jersey: | Being known as: | LOT: 26 BLOCK: 366 NEAREST CROSS STREET: SOUTH 18TH STREET APPROXIMATE DIMENSIONS: 41' X 50' A FULL LEGAL DESCRIPTION CAN BE FOUND AT THE OFFICE OF THE REGISTER TAXES AND OTHER ENCUMBRANCES: TAXES CURRENT THROUGH 2ND QUARTER OF 2026 WATER/SEWER-PLAINTIFF IS UNABLE TO CONFIRM THESE AMOUNTS. PROSPECTIVE PURCHASERS MUST CONDUCT THEIR OWN INVESTIGATION TO DET…

Sale date time

Nov 10, 2026

State

NJ

Status history

9/15/2026 · Scheduled, 10/13/2026 · Adjourned Defendant, 11/10/2026 · Adjourned Defendant