1580 Nostrand Avenue,
Brooklyn, NY 11226

Closed

$70,000,000

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Overview

Bankruptcy Sale

1580 Nostrand Avenue,
Brooklyn, NY 11226

96,987 SF

Description

The Property known as “1580 Nostrand”, is comprised of a vacant lot located at 1580 Nostrand Avenue, and an existing building located at 21 East 29^th Street.

Property Snapshot

1580 NOSTRAND AVE

• Development site / vacant lot

• 186,784 SF of Total Allowable ZFA

• 145,378 SF of Allowable Residential ZFA

• Remaining ZFA (up to 41,406 SF) available for Community Facility use

• 216 Allowable Units

21 EAST 29TH STREET

• Building featuring 94 residential units

• 73,216 SF of Total ZFA

• 65,872 SF of Residential ZFA

• 7,344 SF of Community Facility ZFA

• Floor through apartments with large terraces in front and back

• Triple paned windows and doors

Total Allowable Zoning Floor Area……………………………………………….. 260,000 SF

Total Allowable Residential Units………………………………………………………..310 Units

Auction Details

Bid Deadline: Monday, April 7^th, 2025 at 5:00 PM

Auction Date: Tuesday, April 8^th, 2025 at 2:30 PM

Opening Bid: $57,000,000

Documents

3D Map

Tax Map
Zoning Map

Contacts

Greg Corbin

President

Chaya Milworn

Executive Managing Director

Felix Ades

Managing Director

Description

The Property known as “1580 Nostrand”, is comprised of a vacant lot located at 1580 Nostrand Avenue, and an existing building located at 21 East 29^th Street.