Surflight Theatre LBI Will Be Put Up For Auction In Toms River On Dec 18

Dated: 12/01/2015

Views: 2880

Image title

Surflight Theatre will once again be on the auction block on Friday, Dec. 18.

The foreclosure auction is scheduled for 2 p.m. that day. It will take place in Room 19 of the Ocean County Courthouse, located at 101 Hooper Ave. in Toms River.

Once again, as in the case of the failed public auction (the winning bid wasn’t high enough) overseen by a since-departed bankruptcy trustee this past August, the auction will be conducted by a national company called Auction Advisors, which has its corporate office in New York City and a regional office in Montclair.

Once again, the auctioneers will be selling off the entire Surflight complex in Beach Haven instead of just the theater proper. The .61-acre site, located in the heart of Beach Haven with frontage on South Beach Avenue, Centre Street and Engleside Avenue, contains five buildings: the 450-seat theater, Show Place Ice Cream Parlour, a cast house fronting on Engleside Avenue, an administrative building fronting on Centre Street and a single-family house located between the theater and the cast house.

The property has been vacant since the Surflight Board of Trustees filed for bankruptcy last February.

The “winning bid” in the August auction, later rejected by John M. McDonnell, the Red Bank attorney assigned as trustee in the action by the U.S. Bankruptcy Court District of New Jersey, was $2 million. McDonnell determined that was not enough to satisfy Surflight’s creditors and filed a “Notice of Abandonment” later that month.  —R.M.

Article Courtesy of 

Photo Courtesy of Jack Reynolds

Looking to buy or sell a home on LBI? Click here

Blog author image

Kim Pileggi

Greetings from Long Beach Island! I am a full time real estate agent specializing in LBI sales and summer rentals, servicing all of LBI and the surrounding mainland communities. I have earned several ....

Latest Blog Posts

How To Go From Renter To Owner On Long Beach Island

 How to go from renter to owner on Long Beach Island?Located on the North End in Harvey Cedars, this three - bedroom, two bath duplex shares ownership with other members of a homeowner

Read More

LBI Tennis Kids And Adults

Sign up now for summer fun for yourself or children of all ages!Contact me for more information or call the LBI Foundation directly.They have so many wonderful programs and events throughout

Read More

Blessings Of The Fleet

Come join us and lend your blessings to all those out on the water!June 17 at 5:30 at Viking Village#watersafety #lbifishing #vikingvillage

Read More

Waterfront Living

waterfront living comes in all shapes and sizes. Contact me to help you find your spot on

Read More