Northgate Real Estate Group presents an exclusive REO offering of three Brooklyn multifamily assets comprising 18 residential units in sought-after Bushwick and Bedford-Stuyvesant neighborhoods.
100% membership interests in a limited liability company owning 12 Woodin Road, Kent CT and shares in 7 EAST 88TH ST. CORP., a New York corporation, allocated to cooperative units 1A, 1B, 2A, 3A, 4A, 4B, 5A, 5B and Roof.
NOTICE OF DISPOSITION OF COLLATERAL
Notice is hereby given that Lender will sell the Collateral to the highest qualified bidder at a public sale in accordance with the provisions of the Uniform Commercial Code as in effect in the State of New York. The sale will take place beginning at 2:30pm on March 16, 2026.
Online Bidder Qualification Deadline: Interested parties who intend to bid on the Collateral must contact Greg Corbin (“Corbin”), at Northgate Real Estate Group, 1633 Broadway, 46th Floor, New York, NY 10019, (212) 419-8101, greg@northgatereg.com, to receive the Terms and Conditions of Sale and bidding instructions by March 13, 2026 at 3:30pm. Upon execution of a standard confidentiality and non-disclosure agreement, additional documentation and information will be available. Interested parties who do not contact Corbin and qualify prior to the sale will not be permitted to enter a bid. The Pledgor and other obligated parties may be liable for any indebtedness which shall remain after such sale to the extent permitted by applicable law and the Loan Documents.
(FULL TERMS OF SALE AVAILABLE UPON REQUEST)
3 Building portfolio located in the Bronx
Portfolio Overview:
A portfolio comprising one multifamily and two mixed-use buildings, collectively offering 145 residential units, 6 commercial units, and totaling 137,460 square feet
916-918 Faile Street, Bronx, NY
A 5-story, mixed-use corner building located in the Hunts Point neighborhood of the Bronx. The 57,840 square foot building consists of 59 residential units and 2 ground floor retail units. The property is located on the corner for Faile Street and Garrison Avenue.
938 Intervale Avenue, Bronx NY
A 5-story, mixed-use, corner building located in the Longwood neighborhood of the Bronx. The 29,700 square foot building consists of 27 residential units and 4 ground floor retail units. The property is located on the corner for Intervale Avenue and E. 163rd Street.
2734 Sedgwick Avenue, Bronx NY
A 5-story, multifamily building located in the Kingsbridge Heights neighborhood of the Bronx. The 49,920 square foot building consists of 58 residential units. The property is located on the corner of Sedgewick Avenue and W 195th Street.
100% membership interests in LLC owning the fee & leasehold interest. The sale is of the membership interests only, not of any real property.
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.
(FULL TERMS OF SALE AVAILABLE UPON REQUEST)
Newly constructed 5-story plus cellar level medical office building featuring 10,040 GSF. Cutting-edge ADA-compliant ambulatory medical center situated in a prime location directly across from Elmhurst Hospital Center.
22 unit mix used new construction ( 2024) at Jamaica Hub Queens.
2 x4 story walkup building with 14 parking and 25 years tax abatement next to York college and Jamaica train station.
Asking price 4.75M for each building.
Single-family residential property featuring 3 bedrooms, 2 full baths, and 1 half bath, along with plans for an enhanced two-story contemporary residence.