7 Building Brooklyn Portfolio

Description:

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

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.



80 New York Avenue
This four-story multifamily building is located in the thriving neighborhood of Crown Heights, Brooklyn. Spanning 10,500 square feet, the property features eight generously sized residential units, each outfitted with hardwood floors, in-unit washer and dryers, and soaring ceilings. Conveniently situated just a short walk from the Franklin Avenue A & C subway lines. 62.5% free-market.

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.

81 Stockholm Street
This four-story multifamily building is located in the vibrant and rapidly evolving neighborhood of Bushwick, Brooklyn. Totaling 5,714 square feet, the property consists of eight residential units—all 100% free market. Positioned just steps from the Myrtle Avenue retail corridor and within close proximity to the Central Avenue M subway station.

83 Stockholm Street
A four-story multifamily property nestled in the heart of Bushwick, Brooklyn, this 5,760-square-foot asset comprises eight residential units. Ideally positioned near the vibrant Myrtle Avenue retail corridor and just steps from the Central Avenue M subway station. 62.5% free-market.

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.

467 Central Avenue
A 4,500-square-foot multifamily building in Bushwick, Brooklyn, offering six 100% free-market residential units. The three-story property features apartments with hardwood floors, high ceilings, and access to on-site laundry. Located near the Knickerbocker Avenue subway station.

729 Meeker Avenue
Located in the desirable Greenpoint neighborhood of Brooklyn, this four-story, 8,500-square-foot mixed-use building features six beautifully finished residential units & two ground-floor retail spaces. The apartments showcase condo-quality interiors, including hardwood floors, high ceilings, & premium finishes. With 83.33% of the units designated free market.

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