Bankruptcy Sale: 81-83 Stockholm Street

Description:

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

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.


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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