1777-1779 Monroe Avenue

Description:

Bid Deadline: Tuesday, November 10, 2026 by 5:00 PM
Auction Date: Thursday, November 12, 2026 at 2:30 PM

Sale subject to bankruptcy court approval.

Northgate Real Estate Group presents the bankruptcy sale of 1777 & 1779 Monroe Avenue, two contiguous multifamily buildings under construction in the Mount Hope section of the Bronx. The offering presents a rare opportunity to complete a stalled 36-unit residential development or pursue a teardown and redesign on an assembled lot in one of the Bronx’s most transit-connected neighborhoods.

Building Snapshot
Two contiguous multifamily buildings under construction, offered together as an assemblage.
36 total planned residential units across 15,518 square feet of planned development.
Each building designed for four stories plus a penthouse. Combined 50′ x 95′ lot with 50′ of frontage along Monroe Avenue.
Flexibility to complete the existing construction or teardown and redesign.
R8 zoning in the Mount Hope neighborhood of the Bronx.
Short walk to the 174th-175th Street subway station (B & D trains), with additional nearby access to the 4 train and the Metro-North Tremont station.
Surrounded by established retail and dining, including Key Food, Dunkin’, Fine Fare Supermarket, Blink Fitness, and 7-Eleven.
Located amid significant nearby development activity, including a 213-unit mixed-use building at 521 E Tremont Avenue, the 119-unit Tremont Residences, and a new 40,000-square-foot charter school opening 2026-2027.
Approximately 40 minutes to Penn Station and Grand Central via public transit.