3-50 Saint Nicholas Avenue

Description:

Auction Details:
Bid Deadline: November 12th, 2025 by 4:00 PM EDT
Auction Date: November 14th, 2025 at 2:30 PM EDT
(FULL TERMS OF SALE AVAILABLE UPON REQUEST)

100% membership interests in the LLC owning fee interest in the premise located at (i) 354 St. Nicholas Avenue aka 3-54 Saint Nicholas Avenue aka 1637-1649 Woodbine Street, Ridgewood, NY (ii) 54-31/54-37 Myrtle Avenue aka 1601-1613 Woodbine Street aka 1633 Woodbine Street aka 1635 Woodbine Street, Ridgewood, NY, (iii) 3-36/3-36A St. Nicholas Avenue aka 336/336A St. Nicholas Avenue Ridgewood, NY, (iv) 3-50 St. Nicholas Avenue aka 350 St. Nicholas Avenue, Ridgewood, NY and the Leasehold Interest In: 5421-5427 Myrtle Avenue, Queens, NY.

Property interest owned and leased by Ridgewood Tower LLC, Ridgewood Tower II LLC and Ridgewood Tower III LLC*
• 17-story, mid-construction, mixed-use corner building in the Ridgewood, Queens, NY
• Upon completion, this 252,850 SF, elevator building will contain 133 residential units, multiple retail spaces and 279 parking spaces
• The retail component includes two large, big box spaces which will be occupied by Target and Burlington Coat Factory, as well as seven smaller retail suites
• Residential amenities are to include on-site parking, a virtual doorman, bike storage lockers, a residents’ lounge, indoor gym area, and a rooftop terrace
• Across the street from the Myrtle-Wyckoff Avenue subway station (L & M trains) providing service to Manhattan in under 30 minutes

* For the avoidance of doubt, the sale is of the membership interests only, not of any real property. The details above are provided solely to help evaluate the collateral.