The Grand Chateau | Bankruptcy Sale

Highlights:

• 10-story mixed-use elevator building
• 41 residential apartments with condo finishes
• Retail, community facility, and medical office - totalling 17,200 Rentable SF
• Built in 2007
• Close proximity to the Q and B subway lines, the beach, and the boardwalk
• Nearby attractions include the Coney Island Amusement Park, Brooklyn Cyclones Stadium, Asser Levy Park, Brighton Beach Playground, and the New York Aquarium

Description:

Rosewood Realty Group is pleased to offer for sale the Grand Chateau, a 10-story
mixed-use property in Brighton Beach consisting of 41 apartments, 2,068 SF of
retail space, 15,155 SF of community facility / medical office space, and 43 parking
spaces. The apartments boast condo level finishes and residents have access
to a roof deck displaying spectacular beachfront views. The property currently
benefits from a 421a tax exemption through June 2025. Residents also benefit
from the property’s close proximity to the Q and B subway lines, the beach, and
the boardwalk. Nearby attractions include the Coney Island Amusement Park,
Brooklyn Cyclones Stadium, Asser Levy Park, Brighton Beach Playground, and
the New York Aquarium. The building has a clientele of young professionals,
with a tenant mix consisting of lifestyle businesses such as medical offices, a
karate school, and a spa.

Bid Deadline: Tuesday, November 1st, 2022, 5:00 pm
Auction Date: Thursday, November 3rd, 2022, 11:00 am
For full Terms of Sale/Bid Procedures, please contact us.
Sale Subject To Bankruptcy Court Approval

Documents: