Bankruptcy Sale: 729 Meeker Avenue
Market Price
729 Meeker Avenue, New York, NY 11222
8,500 sqft
Building Size
5,845 sqft
Lot Area
Details:
Description:
BID DEADLINE: FRIDAY, SEPTEMBER 5TH AT 5:00 PM
AUCTION DATE: TUESDAY, SEPTEMBER 9TH AT 11:00 AM
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.
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
