Bankruptcy Sale: 346 Grand Street
Market Price
346 Grand Street, New York, NY 11211
8,333 sqft
Building Size
3,850 sqft
Lot Area
Details:
Description:
BID DEADLINE: FRIDAY, SEPTEMBER 5TH AT 5:00 PM
AUCTION DATE: TUESDAY, SEPTEMBER 9TH AT 11:00 AM
346 Grand Street
Three-story mixed-use property ideally located in the heart of Williamsburg, Brooklyn. Encompassing 8,333 square feet, the building features five spacious residential units and a ground-floor retail space, all 100% free market. Just a short walk from both the Bedford Avenue L train and the Metropolitan Avenue G train stations.
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 can be sold individually or as a package.
Documents:
| Title | ||
|---|---|---|
|
Bankruptcy_Sale__7_Building_Portfolio-Offering_Memorandum.pdf
|
Location
Gallery
