PLAINFIELD, NJ-Sheldon Good & Co. will conduct a one-day real estate auction for six Connolly Properties-owned multifamily buildings here that have been entered into Chapter 11 bankruptcy proceedings.

The buildings will be sold separately and absolute, regardless of price, subject to US Bankruptcy Court approval, says Jeffrey Hubbard, senior managing director for Sheldon Good. Suggested opening bids for the properties range from $350,000 to $2.5 million.

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