Bankruptcy Sale: 169 Troutman Street

Description:

BID DEADLINE: FRIDAY, SEPTEMBER 5TH AT 5:00 PM
AUCTION DATE: TUESDAY, SEPTEMBER 9TH AT 11:00 AM

169 Troutman Street
Three-story multifamily building situated in the heart of Bushwick, Brooklyn. The 3,750-square-foot asset comprises six residential units, all 100% free market, offering full income flexibility. Apartments features hardwood floors and high ceilings. Conveniently located within walking distance of both the Central Avenue M station and the Jefferson Street L station.

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.

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