Bankruptcy Sale: 7614 4th Avenue

Description:

Investment Highlights:

- Vacant Land: Fully cleared vacant lot. No demolition or tenant relocation required
- As-of-Right: Up to 35,000 buildable square feet
- Air Rights: approximately 20,000 additional BSF from the adjacent church property
- City of Yes Benefits: Inner Transit Zone eliminates parking; bonus density available through UAP program
- Direct Transit Access: R train entrance on the block; 35 min to Wall Street, 45 minutes to Midtown
- Established Neighborhood: Strong schools, waterfront parks, and diverse retail corridors support consistent tenant demand

Auction Information:
BID DEADLINE: TUESDAY, MARCH 10TH BY 5:00 PM
AUCTION DATE: THURSDAY, MARCH 12TH AT 2:30 PM
Opening Bid: $6,300,000
(Sale Subject to Bankruptcy Court Approval)