Bankruptcy Sale | 384 South 5th Street

Description:

BID DEADLINE: MONDAY, JULY 7TH, 2025 AT 5:00 PM
AUCTION DATE: WEDNESDAY, JULY 9TH, 2025 AT 3:30 PM
OPENING BID: $1,500,000

PROPERTY SNAPSHOT
• Currently a 3-story, 2505 SF, Dwelling Only – 2 Family
• Previously approved DOB plans for 6 high-end condos, consisting of 2 duplex units on the 1st floor and cellar, 2 units on the 2nd floor and 2 duplex units on the 3rd floor and penthouse
• Will be delivered vacant (subject to bankruptcy court approval)
• After proposed renovations, the building will feature 5,236 SF on a 2,009 SF lot
• 20’ of frontage on S. 5th Street
• R6 Zoning
• Zillow Estimate: $2,608,100
• 1 block from the Hewes Street M Z subway station providing access to Manhattan in 15 minutes
• Direct vehicle access to the Williamsburg Bridge and BQE
*Deed restriction and condo bylaws can be found in the data room*
* Debtor makes no representations as to whether any alteration of the Property is permitted or whether the consent and approval of the HOA is required, and notes the HOA’s belief that its consent and approval for alterations are required.
• The Property is to be sold subject to all declarations on file with the City of New York as well as any restrictions contained in the deed for the Property

Documents: