On the Market

45,452 SF mix-use property with 3 retail tenants and 15 residential units located in downtown Elizabeth, NJ.  

Mid-construction 8-story elevator building slated for senior housing. 25,523 SF mixed-use property, containing 40 residential units and one community facility unit.

Class-A mixed-use building with multilevel retail space, office, and a parking garage component in Williamsburg, Brooklyn. Designed by ME Architect P.C., the 132,536-square-foot development stands 83 feet tall. The site is bound by Kent Avenue to the east, Metropolitan Avenue to the south, River Street to the west, and North 3rd Street to the north.

145 Wickapogue Road is tucked away in the ultra-exclusive “Estates” section of Southampton, a mere block from the beach. This new construction (2021) trophy home spans an impressive 10,000 sq ft with 6 bedrooms and 8 bathrooms, and was superbly crafted & designed with dramatic floor-to-ceiling windows. A two-story foyer reveals an extraordinarily spacious interior flow highlighted by wide-planked wood flooring & soaring ceilings. There is an open concept gourmet kitchen, and an additional service kitchen, boasting professional series appliances, custom cabinetry & stone counter tops open to a dramatic entertainer’s great room. The primary suite evokes a feeling of peace and serenity and 5 additional ensuite bedrooms offer plenty of room to host friends and family. Downstairs you’ll find an amenity-filled and finished basement with 12’ ceilings designed with a theater, wine cellar, bar, sauna, steam shower, and gym. An elevator adds another layer of luxury and convenience to this extraordinary home. The Exterior park-like grounds feature lush landscaping, a detached 2.5 Garage, and a large custom 20’ X 50’ Gunite pool with spa and sundeck. A rare legal 2 bedroom cottage and 1070 sq ft barn provide endless opportunities. This magnificent custom Hamptons dream home also boasts smart home technology and a state-of-the-art security system.

291 Livingston is a 50,914 SF mid-construction hotel development in Downtown Brooklyn. The project, when completed, will consist of 104 hotel rooms with amenities and facilities that include a coffee shop, beer garden, rooftop bar, seasonal food cart, lounge, outdoor pool, fitness center, and a 475 SF meeting space.

Northgate Real Estate Group is pleased to present the opportunity to purchase 34-20 Linden Place in a Chapter 11 bankruptcy sale. The retail/commercial asset has 234 feet of combined frontage and is located in the bustling Flushing section of Queens, New York. As a block-through property, the subject has an alternative address of 33-37 Farrington Street. The 67,197 square foot building was built in 1966 and has been renovated a number of times throughout the years, most recently in 2020. There is a below-grade parking garage with a capacity of 105 vehicles that is not included in the rentable area figure. Current tenants include an upscale restaurant, a high-end karaoke lounge, and adult daycare facilities. With a rezoning, there is a large-scale redevelopment opportunity.

Membership interests in 3 ultra-luxury condo apartments: 78A, 78B, and 28H NOTE: The photos represented above are of units in the building, not the underlying collateral

Mid-construction 9,800 SF multifamily development on a 2,526± SF lot. 25 feet of frontage along West 47th Street

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.

The Grand Chateau is a 10-story mixed-use property in Brighton Beach consisting of 41 apartments, 2,068 SF of retail space, 15,155 SF of community facility / medical office space, and 43 parking spaces. The apartments boast condo level finishes and residents have access to a roof deck displaying spectacular beachfront views. The property currently benefits from a 421a tax exemption through June 2025. Residents also benefit from the property’s close proximity to the Q and B subway lines, the beach, and the boardwalk. Nearby attractions include the Coney Island Amusement Park, Brooklyn Cyclones Stadium, Asser Levy Park, Brighton Beach Playground, and the New York Aquarium. The building has a clientele of young professionals, with a tenant mix consisting of lifestyle businesses such as medical offices, a karate school, and a spa.

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

346 Grand Street is a Building located in the Williamsburg neighborhood in Brooklyn, NY. The property is 3 stories and has 6 units. 81 Stockholm Street is a Building located in the Bushwick neighborhood in Brooklyn, NY. The property is 4 stories and has 8 units. 80 New York Avenue is a Building located in the Crown Heights neighborhood in Brooklyn, NY. The property is 4 stories and has 8 units. 169 Troutman Street is a Building located in the Bushwick neighborhood in Brooklyn, NY. The property is 3 stories and has 6 units. 467 Central Avenue is a Building located in the Bushwick neighborhood in Brooklyn, NY. The property is 3 stories and has 5 units. 729 Meeker Avenue is a Building located in the Greenpoint neighborhood in Brooklyn, NY. The property is 4 stories and has 8 units.