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7 Building Portfolio,
Brooklyn, NY
Closed
$18,600,000
Overview
Bankruptcy Sale
7 Building Portfolio,
Brooklyn, NY
Description
Seven-building portfolio strategically located across Williamsburg, Greenpoint, Bushwick, and Crown Heights, the portfolio is comprised of 47 residential units and 3 retail spaces.
PORTFOLIO OVERVIEW
Northgate Real Estate Group is pleased to present a rare opportunity to acquire a seven-building portfolio through a Bankruptcy Sale scheduled for September 9th. Strategically located across Williamsburg, Greenpoint, Bushwick, and Crown Heights, the portfolio comprises 47 residential units and 3 retail spaces—approximately 85% of which are free market. The buildings are designated Tax Class 2A and 2B, offering favorable 12.5% tax treatment. In a market where the vast majority of multifamily assets for sale are encumbered by rent stabilization, this offering stands out as a unique chance to capitalize on rising rents, maintain units at market, and maintain long-term value. This is a prime opportunity to secure property across four of Brooklyn’s most dynamic neighborhoods, with a predominantly free-market unit mix and future upside potential.
Properties:
80 New York Avenue
346 Grand Street
81 Stockholm Street
83 Stockholm Street
169 Troutman Street
467 Central Avenue
729 Meeker Avenue
Auction Details
Bid Deadline: Tuesday, November 18th at 5:00 PM
Auction Date: Thursday, November 20th at 11 AM
(Sale Subject to Bankruptcy Court Approval)
Documents 
Description
Seven-building portfolio strategically located across Williamsburg, Greenpoint, Bushwick, and Crown Heights, the portfolio is comprised of 47 residential units and 3 retail spaces.
PORTFOLIO OVERVIEW
Northgate Real Estate Group is pleased to present a rare opportunity to acquire a seven-building portfolio through a Bankruptcy Sale scheduled for September 9th. Strategically located across Williamsburg, Greenpoint, Bushwick, and Crown Heights, the portfolio comprises 47 residential units and 3 retail spaces—approximately 85% of which are free market. The buildings are designated Tax Class 2A and 2B, offering favorable 12.5% tax treatment. In a market where the vast majority of multifamily assets for sale are encumbered by rent stabilization, this offering stands out as a unique chance to capitalize on rising rents, maintain units at market, and maintain long-term value. This is a prime opportunity to secure property across four of Brooklyn’s most dynamic neighborhoods, with a predominantly free-market unit mix and future upside potential.
Properties:
80 New York Avenue
346 Grand Street
81 Stockholm Street
83 Stockholm Street
169 Troutman Street
467 Central Avenue
729 Meeker Avenue
Property Id : 49345
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