Bankruptcy Sale: 467 Central Avenue
Market Price
467 Central Avenue, brooklyn, NY 11221
4,500 sqft
Building Size
2,100 sqft
Lot Area
Details:
Description:
BID DEADLINE: FRIDAY, SEPTEMBER 5TH AT 5:00 PM
AUCTION DATE: TUESDAY, SEPTEMBER 9TH AT 11:00 AM
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.
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.
Documents:
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Bankruptcy_Sale__7_Building_Portfolio-Offering_Memorandum.pdf
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Location
Gallery
