Chaya Milworn is the Managing Director at Northgate Real Estate Group.
She specializes in selling or recapitalizing multifamily, mixed-use apartment buildings, office, retail, hotel, and development sites in Chapter 7 and 11. In addition, her expertise includes loan sales, judicial and UCC foreclosures and structured workouts. Chaya has accumulated invaluable experience as an individual and professional, which serves as a great asset for her clients.
Prior to Northgate, she was the managing director of The Corbin Group at Rosewood Realty, specializing in Bankruptcy and Restructuring. Before that, Chaya worked as a director at Besen & Associates.
Preceding her brokerage career, Chaya served as the Events and Marketing Coordinator at The Young Jewish Professionals organization, spearheading and coordinating over 450 events and real estate functions during her tenure with the company. During this time, she established deep ties to the real estate community and formed invaluable relationships with many of the city’s top investors and developers.
Chaya is the founder and co-chair of Jewish Women Business Networking. JWBN was formed to strengthen the business connections among women in the real estate field. This group of trusted professionals are creating a community for females in the field who would like to connect and network with like-minded individuals.
2-story, 205,128 GSF industrial building on 9.1 acres. It contains 9 units with 200 parking spaces. The first floor has 186,474 SF with 20’ ceilings with ample natural light. The second floor 18,654 SF 2nd floor office space.
The Secured Party will offer for sale, at public auction: (i) all of Pledgor’s right, title, and interest in and to the following: EMMETT GROUP LLC (the “Pledged Entity”), and (ii) certain related rights and property relating thereto (col- lectively, (i) and (ii) are the “Collateral”). Secured Party’s understanding is that the principal asset of the Pledged Entity is the premises located at 50 Emmett Street and Tax Assessor’s Lot 70A Emmett Street, Bristol, CT (the “Property”). This is an excerpt. For the full terms of sale and access to the due diligence documents, please email us.
Northgate Real Estate Group is pleased to present the opportunity to purchase 9630 N 25th Avenue, a four-story, ±117k SF office building in bankruptcy.
11 story, 53,225 SF, mixed use, elevator building in Flushing, Queens. Consisting of 23 residential units and 1 ground floor retail unit plus 47 parking spaces.
Opportunity to purchase The Wagner Hotel at the Battery through a Chapter 11 bankruptcy sale. Located on the southern tip of Manhattan overlooking the Hudson River, the Statue of Liberty, and the Financial District, the Offering represents the rare investment opportunity to acquire a fully unencumbered luxury Hotel. Comprising the bottom 14 floors of the 39-story mixed-use tower (113 Ritz-Carlton-branded residences above), the Wagner was developed ground up in 2002 and operated as a Ritz-Carlton until 2018. The Hotel features 298 oversized guestrooms (averaging almost 500 SF), nearly 17,500 SF of high-quality meeting and banquet space, restaurant/bar, spa, and fitness center.
The Offering provides investors with the rare opportunity to acquire a recently constructed luxury asset that is unencumbered of both brand and management, providing operational flexibility to implement their own unique vision for the Hotel. Given the tremendous array of value-add opportunities, such as branding the Hotel, renovating the guestrooms, activating underutilized public space, and improving the overall amenity base, new ownership will be able to capture higher-rated group, corporate, and leisure business as the New York Lodging market continues its robust recovery.
Strong fundamentals in New York City positions owners for near-and-long-term success. New York City luxury lodging performance rebounded significantly in 2022, with year-end RevPAR exceeding 2019 levels by 10.7%. Although demand/occupancy levels have yet to return to pre-COVID levels, ADR for luxury hotels was 30.1% higher than 2019 levels. As international, corporate, and group demand continues to return to NYC, demand is expected to surpass prior or peak levels and the market should experience strong RevPAR growth. Additionally, given the countless hotel closures, regulatory challenges, and increasingly high costs to develop new hotels, the supply pipeline has tapered. Nearly 10,100 keys (9.6% of Manhattan inventory) will likely remain permanently off-line (either closed or converted to an alternative use), especially several notable properties Downtown and in the Financial District.
The Property is being sold pursuant to a bankruptcy court-supervised sale process and will be delivered free and clear of debt.
856 Greene Avenue is a 10-unit, 8,509 SF, multifamily apartment building located in the Bedford-Stuyvesant/Stuyvesant Heights neighborhood of Brooklyn, NY. Originally built in 1931, the property underwent extensive renovations in 2018 with the addition of the 4th and 5th floors. The building’s mint upgrades and condo-like finishes were done with incredible attention to detail.
Building features ten spacious 3 and 4-bedroom residential units
Immaculate building with high-end finishes including recessed lighting, exposed brick, thick-plank oak wood floors
8,509 square feet
Building amenities include a fitness room, bike storage, common outdoor space, and rooftop access
In-unit washer/dryers, dishwashers and modern finishes through-out.
5 Blocks from the Kosciuszko Street J Subway Station