3-50 ST Nicholas Avenue,
Ridgewood, NY 11385

Description

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)